Under the table offers (technically known as pricing discretion) refers to a lender offering more discounts off the website published rate for new customers. Below are NAB UTC rates secured for our clients recently. Compared to the previous month:
1. more discounts are given for owner occupied loans on P+I repayment
2. discount for investment or IO repayment loans' has been pared back.
UTS offer fluctuates weekly. Adopt at own risk.
OO P+I SVR Discount UTC Rate
>$250k 5.24% 1.30% 3.94%
>$750K 5.32% 1.39% 3.85%
OO IO SVR Discount UTC Rate
>$250k 5.77% 0.95% 4.82%
>$750K 5.77% 1.00% 4.77%
Inv P+I SVR Discount UTC Rate
>$250K 5.80% 1.41% 4.39%
>$750K 5.80% 1.46% 4.34%
Inv IO SVR Discount UTC Rate
>$250K 6.25% 1.29% 4.96%
>$750K 6.25% 1.39% 4.86%
UTC offers are not available to fixed rate, basic variable, a line of credit and mortgaged insured loans i.e. what is quoted on NAB website applies.
Until 30th August, NAB offers $1,400 cash rebate for purchase or refinancing.