NAB Deposit Power Guarantee

If your cash is tied up in a term deposit, shares or something similar, a deposit guarantee is an alternative way of setting up a house cash deposit before auction.

The NAB Deposit Power Guarantee acts as a substitute for a cash deposit on your property. It can be quicker and cheaper to arrange than bridging finance.

It works equally well if you’re buying a residential or investment property or transferring from one property to another. The maximum deposit guarantee is for 10% of the purchase price up to $100,000. And it can be used for all or part of the deposit. At settlement you’ll need to pay the total purchase price.

The NAB Deposit Power Guarantee is underwritten by Vero Insurance Limited (ABN 48 005 297 807). To find out more complete the form below, call 13 13 12 or visit any NAB branch.

1. Terms and conditions apply. A fee is payable.
2. In arranging the NAB Deposit Power Guarantee, National Australia Bank Limited is acting as agent for Vero Insurance Limited and not the purchaser. NAB receives a commission from Vero Insurance.

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