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NAB increases interest rates on Choice Package and Tailored Home Loan

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.

More to come…

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