Comparing ANZ Simplicity Plus vs NAB Choice Package

Lender ANZNAB
Home Loan Simplicity PlusChoice Package
Interest Rate 6.72%6.29%
Summary

The ANZ Simplicity PLUS Home Loan is a simple, no frills home loan with a low variable interest rate for the life of your loan. It was Editor's Choice for ‘Basic variable loan’ in Your Mortgage Magazine, December 2008. […] More

The NAB Choice Package Variable Home Loan provides customers with a lower interest rate than the Standard Variable. The NAB Choice Package Variable Loan provides features that otherwise are not available to customers on the Standard Variable product. […] More

Sample Loan Amount $400,000$400,000
Sample Minimum Deposit $40,000 (10%)$20,000 (5%)
Initial Monthly Repayment $2,586$2,473
Sample Term 30 years30 years
Home Loan Type VariableVariable
Application Fee $600$0
Monthly Fee $0$0
Annual Fee $0$395
Sample Cost
1 Years
$31,637$30,074
Savings After
1 Years
 Save $1,563
100% Offset Account  Yes
Extra Repayments YesYes
Redraw Facility YesYes
Contruction Yes 
More Information