Nab negotiate rate
- Thread starter LukeLang
- Start date
Request a discharge or threaten to leave and you will be contacted by the mortgage retention unit where it is their job to 'save' people from leaving.
Nab won't let the business go for pricing
Are your loan crossed ?
Ta
Rolf
Are your loan crossed ?
Ta
Rolf
with you being crossed, that usually but not always provides for a better rate, since they have slightly better security, and usually a lower number of loans each of which is at a higher volume. 4.78 is quite good thouhg
if NAB is your ONLY lending, cost of funds may be the least of your problems one day............. much of the this 10 yr old post still applies today, with some additionals
http://somersoft.com/forums/showpost.php?p=120656&postcount=6
if rate is your core focus you will always do better with one year fixeds, and or online only cheapy lenders
ta
rolf
seen 4.63 for 1.2 mill recently for retention purposes
ta
rolf
ta
rolf
Speak to your broker (if you have one) to negotiate a better rate. Otherwise leave NAB.
I left CBA with 2mil+ in loans and got a far better rate at another bank. Less bells and whistles than my old bank but I'm happy as it's exactly what I needed (minimal service, low rate)
There is NAB and there is NAB Broker (which was previously called Homeside). Still exists with the same products, features etc, just under the NAB Broker brand.
according to the NAB website the standard variable for a $250-499k loan is 5.08% and with the choice package discount (0.8% for a limited time) it comes to 4.28% or am i missing something??
I have 1.2mill in total loans with NAB and paying around 4.97%. I've also asked my broker a few times about negotiating a lower rate and he's told me to contact NAB direct. I have done this and from memory i got another 0.2% off.. really confused why my rate is so much higher than one loan (say $250k) at 4.28%
I have 1.2mill in total loans with NAB and paying around 4.97%. I've also asked my broker a few times about negotiating a lower rate and he's told me to contact NAB direct. I have done this and from memory i got another 0.2% off.. really confused why my rate is so much higher than one loan (say $250k) at 4.28%
according to the NAB website the standard variable for a $250-499k loan is 5.08% and with the choice package discount (0.8% for a limited time) it comes to 4.28% or am i missing something??
I have 1.2mill in total loans with NAB and paying around 4.97%. I've also asked my broker a few times about negotiating a lower rate and he's told me to contact NAB direct. I have done this and from memory i got another 0.2% off.. really confused why my rate is so much higher than one loan (say $250k) at 4.28%
Ring and ask for a discharge of mortgage form. When they ask why tell them you are leaving because of the rate...
My experience is for broker originated nab direct loans - that once its set brokers cant even ring up to enquire on the loan. general nab reply is get the client to ring, we dont talk to brokers. Even if we have full signed consent forms they wont do it via call centre or whoever. Even the broker guys drop it as its not new business.
Real nab broker loans (i.e. homeside) they're different via the call centre at least.
But the PR spin that broker loans are now nab and its all one happy family isnt necessarily true. Its just a branding and the silo mentality still exists.
My point being in some cases the broker may go to put the pricing request in for a nab direct loan and the reply back is get them to call the call centre.
Real nab broker loans (i.e. homeside) they're different via the call centre at least.
But the PR spin that broker loans are now nab and its all one happy family isnt necessarily true. Its just a branding and the silo mentality still exists.
My point being in some cases the broker may go to put the pricing request in for a nab direct loan and the reply back is get them to call the call centre.
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My bank has just pre-approved a loan for me. I told them I would like 3.99 per cent interest rate. They told me to send them the banks and institutions that were offering this interest rate and that they would see what they can do. Perhaps you can list all of the companies/banks giving lower interest rates and present it to them. Shop around. Ask NAB to match the rate you want. If they don't give it to you, be prepared to walk.
I agree. However, instead of bluffing, just walk and don't go back.
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