From 31 July, if someone owes $20,000 or less in student debt, it won’t affect how much they can borrow for their new home with NAB.
This means that NAB customers with HELP debt could see a boost in their borrowing power, helping them get into the property market sooner or buy a home that better suits their needs.
NAB Executive for Home Ownership Matt Dawson said this change will make a real difference for first-home buyers especially.
“For too long HELP debt has been a roadblock for many Australians looking to buy a home,” said Mr Dawson.
“NAB was pleased to advocate for this change last year which will allow more people to turn their homeownership dreams into reality,…