The interest rate of your NHT loan is determined by the following income bands:
NHT Interest Rates
Income Band (weekly income) | Interest Rate* |
Minimum wage to $30,000.99 | 0% |
$30,001 to $42,000.99 | 2% |
$42,001 to $100,000.99 | 4% |
$100,001 and above | 5% |
*Please note that where contributors are co-applying, the applicable interest rate for the loan will be calculated using an average of all incomes of the applicants. A single interest rate will be applied to the total loan amount as a single loan and the names of all borrowers will appear on the title.