Comparing Citibank Fixed 2 Years vs NAB Introductory 1 Year Variable Rate
| Lender |  |  |
| Home Loan | Fixed 2 Years | Introductory 1 Year Variable Rate |
| Interest Rate | 5.89% | 6.22% |
| Summary | The Citibank 2-Year Fixed Rate home loan is one of Citibank’s six fixed rate home loan product. It is based on the Standard Fixed Rate loan and prevents the interest rates from increases every month for a set term. This makes it a safer option for some borrowers since the consistent rate makes for stable payments 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 | 2 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 |
