Comparing Citibank Fixed 4 Years vs NAB Introductory 1 Year Variable Rate
| Lender |  |  |
| Home Loan | Fixed 4 Years | Introductory 1 Year Variable Rate |
| Interest Rate | 6.55% | 6.22% |
| Summary | The Citibank 4-Year Fixed Rate home loan offers the borrower a standard fixed rate lasting four years before it revert to the standard variable rate. This option gives some people a better sense of security in terms of their monthly payment requirements. There is nothing that offers peace of mind more than knowing what you owe each month. It provides the buyer with more options for managing their repayments. […] 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 | $2,541 | $2,455 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | 4 Year Fixed | Variable |
| Application Fee | $399 | $600 |
| Monthly Fee | $8 | $10 |
| Annual Fee | $0 | $0 |
| Sample Cost 1 Years |
$30,992 | $30,181 |
| Savings After 1 Years |
Save $811 | |
| 100% Offset Account | ||
| Extra Repayments |  | |
| Redraw Facility | | |
| Contruction | ||
| More Information |
