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NAB increases interest rates on Choice Package and Tailored Home Loan

Hamish Spence NCA NewsWire
NAB has increased its inretes rates. NCA NewsWire / John Gass
Camera IconNAB has increased its inretes rates. NCA NewsWire / John Gass Credit: News Corp Australia

NAB has become to second major Australian bank to announce hikes to its interest rates.

The increases are for NAB’s Choice Package and Tailored Home Loan for owner occupiers and residential investors.

The one and two year fixed rates for those packages have both gone up by 1 per cent.

The changes are effective as of Friday.

It comes after Commonwealth Bank of Australia announced its fixed mortgage rates would increase by 1.4 per cent on Thursday.

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Originally published as NAB increases interest rates on Choice Package and Tailored Home Loan

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