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NAB has taken a shot at its big bank rivals after unveiling a temporary $1,000 cashback offer for new borrowers.
Customers will receive a $1,000 EFTPOS card if they take out a principal-and-interest home loan for $300,000 or more before October 31 and draw down by January 30.
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Antony Cahill, group executive for product & markets, said NAB wanted to be the first choice for people buying a new home this spring.
Spring was the strongest season for home loan applications at NAB in 2013 and 2012.
Mr Cahill said the special offer was aimed at winning customers and driving growth.
“Our passion for doing the right thing by our customers is more intense than any of our competitors – and it is why we are winning more business," he said.
“NAB helped more than 117,000 customers realise the great Australian dream of buying a new home in the last 10 months and we will continue to win business by making NAB the best choice for customers.”
Mr Cahill said NAB had a track record for giving customers a better deal on interest rates and fees.
[Related: NAB home loan balances grow 8.5pc]
