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Please use a supported version for the best MSN experience. NAB has raised variable interest rate for home loans Business Insider Australia 16/03/2017 Chris Pash Click to expand NAB hikes its interest rates Seven News UP NEXT Home loan interest rates are on the way up. The NAB just announced increases in interest rates on both its owner-occupier and investor home loans. The banks have been progressively tightening lending for property investment but have generally, until now, held the line on owner occupier rates. Getty Images The NAB says its variable rate for home loans will rise by 0.07 percentage points to 5.32%, effective March 24. Those with a standard variable rate home loan of $300,000 will pay an extra $13 each month. I encourage customers who want certainty about their repayments, or to find out what other options are available, to speak with their banker or broker, and whether a package, fixed rate, or split home loan might be right for their circumstances, says NAB Chief Operating Officer Antony Cahill. NABs variable rate for residential investment loans will rise by 0.25 percentage points to 5.80%. The new rates at a glance: Provided by Business Insider Inc Were committed to managing our investor lending growth in line with the regulators guidance, says Cahill. He says difference between what the bank charges and how much it costs to fund a mortgage remains under pressure, with intense competition, increasing regulation and higher funding costs.