Comparing Citibank Fixed 1 Year vs NAB Introductory 1 Year Variable Rate
| Lender |  |  |
| Home Loan | Fixed 1 Year | Introductory 1 Year Variable Rate |
| Interest Rate | 5.89% | 6.22% |
| Summary | The Citibank 1-Year Fixed Rate home loan is just one of a whole range of fixed rate lending options that have been made available to Citibank’s clients. It is the Standard Fixed Rate mortgage and offers borrowers protections from rate rises while offering the security of knowing what payments will be each month. […] More | NAB’s 1-Year Variable Rate home loan comes with an introductory rate for the first 12 months of the term. The interest rate during the introductory period is variable rather than fixed. Once the term expires, the interest rates will revert to the NAB’s standard variable rate. […] More |
| Sample Loan Amount | $400,000 | $400,000 |
| Sample Minimum Deposit | $40,000 (10%) | $20,000 (5%) |
| Initial Monthly Repayment | $2,370 | $2,455 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | 1 Year Fixed | Variable |
| Application Fee | $399 | $600 |
| Monthly Fee | $8 | $10 |
| Annual Fee | $0 | $0 |
| Sample Cost 1 Years |
$28,935 | $30,181 |
| Savings After 1 Years |
Save $1,246 | |
| 100% Offset Account | ||
| Extra Repayments |  | |
| Redraw Facility | | |
| Contruction | ||
| More Information |
