When do NAB’s new variable home loan rates start?

NAB will apply the 25bp change to variable home loans from 13 February 2026. Check your repayment schedule, as the higher amount will typically show on the first debit after that date. Customers on direct debit should confirm the timing and updated repayment in the NAB app or internet banking.

How much more will I pay on a A$500,000 loan?

As a simple guide, a 25bp increase adds roughly A$80 per month on a A$500,000, 30‑year principal and interest loan. Your amount will vary with your exact rate, balance, and remaining term. Using an online calculator or speaking with your banker can give a precise figure.

Why do banks pass through RBA rate moves to mortgages?

Banks fund loans using deposits and wholesale markets, both influenced by the RBA cash rate. When the RBA lifts rates, funding costs rise, so lenders usually pass changes to borrowers. The exact pass‑through can vary with competition, deposit repricing, and the mix of fixed versus variable customers.

Is NAB stock a buy after this rate change?

Views are split. Our stock grade is B+ with a BUY tilt, but a company rating shows C+ with a SELL view. Consider valuation, dividend yield near 3.96%, and the 4 May 2026 earnings date. Watch margins, arrears, and funding costs. NAB interest rates are only one part of the story.

Global Market Insights

NAB.AX Stock Today: February 3 – Passes On RBA 25bp Hike for Home Loans

ByDanny Kontos February 3, 2026February 3, 2026

NAB interest rates will rise by 25 basis points after the RBA lifted the cash rate to 3.85%. National Australia Bank says variable home loan changes take effect on 13 February 2026. For borrowers, this means higher repayments and tighter budgets. For investors, the move may support margins but could lift arrears risk. We explain what this means for NAB.AX, how peers reacted, and the next catalysts to watch. Australian mortgage rates remain sensitive to RBA signals in coming months.