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Important Update

The NAB Group has closed the Advantedge business, which funded the MyLoan Elect product.

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Interest rate update
Effective Wednesday 22 July 2026, Elect is increasing variable interest rates by 0.10% p.a. for existing variable-rate home loans.
How we’re telling our customers
Customers with an existing variable rate home loan will receive a letter advising them of changes to their interest rate and repayments.

The effective date of this change will be no earlier than Wednesday 22 July 2026 for in-flight variation requests, but will depend on the loan settlement date as follows:

  • Variation requests settled before 5pm Wednesday 1 July 2026 will have variable rates increased by 0.10% p.a. on Wednesday 22 July 2026
  • Variation requests settled after 5pm Wednesday 1 July 2026 will retain the current contracted variable rates until the month following settlement, when they will be increased by 0.10% p.a. The adjustment will not be retrospective
Elect’s approach to negative gearing
Following the recent Federal Budget announcement, we wanted to share MyLoan Elect’s approach to negative gearing and provide some clarity on how we’ll be looking at this with you and your customers.
While the proposed changes have not yet been legislated, the Government has announced an effective date of 12 May 2026. Given this is now a known change, it may affect a customer’s servicing position over the life of the loan and should be considered as ‘foreseeable changes’ under our responsible lending obligations.
With that in mind, we’ll need to consider this as part of our serviceability assessment. We appreciate your support in taking this into account when having affordability conversations with your customers.
Summary of changes
Serviceability assessment for variation applications that include a new property purchase will vary based on contract execution date:
  • Where the Contract of Sale has been executed on or before 12 May 2026, we will continue to assess the application with negative gearing applied.
  • Where the Contract of Sale has been executed after 12 May 2026, and the application was unconditionally approved by close of business on Tuesday 26 May 2026, we will proceed without the need to reassess the application.
  • Where the Contract of Sale has been executed after 12 May 2026, and the application was not unconditionally approved by close of business on Tuesday 26 May 2026, we will reassess the application and it will only be eligible for negative gearing where the property meets the ‘new build’ requirements, per below.

A new Process for ordering valuations from Friday 30 January

As we prepare for the migration of MyLoan Elect home loans to NAB in late 2026, we’re making a change to how you order valuations. This change is occurring to align with the final settlement cut-off date for new applications.

What’s changing

The Advantedge PropertyHub portal will be switched off on Friday 30 January 2026, however you can continue to order valuations for existing MyLoan Elect customers by logging into the NAB PropertyHub portal and selecting ‘NAB – Broker’ when ordering the valuation.

How to order valuations for existing MyLoan Elect customers

  1. Access Property Hub via this link: https://propertyhub.corelogic.asia/
  2. Login using your current NAB Broker login details.
  3. Search the address and click ‘Order Valuation’.
  4. You’ll be asked to choose a lender – Here you’ll need to select ‘NAB – Broker’ as the lender.
  5. Continue ordering the valuation as you do today
Note: The MyLoan Elect tile will not be available for you to select.

All Construction progress valuations will now be ordered by the MyLoan Elect construction team if required for a construction drawdown / payment.

Not registered for NAB in PropertyHub?

No problem, registering is quick and easy. Click here for instructions.

Reminder: New home loan applications still in progress must settle by 2 February 2026

Any new applications which are still in progress must settle by Monday 2 February 2026. If you have a purchase that needs to settle after this date, please contact your MSA case manager for support.

You can continue to submit variations until further notice, except requests to add a new borrower.

Important: Elect products will be discontinued from 30 September 2025

After careful consideration, the NAB Group has made the decision to close the Advantedge business, which fund the MyLoan Elect product.

In light of this decision, we wanted to ensure you had all the relevant information and give you a clear picture of what you and any existing customers can expect.

Key Information

  • From 30 September 2025, Advantedge/Myloan Elect will cease accepting new home loan applications.
  • Existing customers can continue to submit variations (including credit critical variations) after 30 September 2025.
  • Commission payments will continue to be paid on existing loans
  • The Customer Care team remains open for business on 1300 300 989 or customercare@advantedge.com.au. Our specialised credit assessment and operations teams will also continue to service requests.
  • Please direct all BDM support enquiries to our new dedicated mailbox. This replaces the previous support inboxes.
  • In 2026, all Advantedge home loans will transition to a NAB branded home loans. We will update you on specific dates and timing as we progress through the planned transition.

Supporting your customers

Your usual tools and resources remain available on advantedge.com.au – including the broker and customer FAQs.

Furthermore, letters will be sent to existing customers advising them of the changes. A copy of this letter is available via this link.

We recommend contacting those customers who may be impacted as they may have a few questions about the development.

Customers will no longer be able to use BPAY® to make home loan repayments from 1 April 2026

  • From 1 April 2026, customers won’t be able to use BPAY® to make repayments on MyLoan Elect home loans.
  • Customers currently using BPAY® must switch to direct debit and/or direct credit.
  • We’re asking customers to ensure their contact details are up to date.
  • This is in preparation for the migration to NAB in late 2026.
  • Customers will receive this letter, inserted into their end of year statements in January, with this information and instructions on how to check and update their details.
  • Please support customers with checking and updating their details where required.
  • You are able to view a customer’s direct debit and contact details via our Preferred Lender portal.