Comparing NAB Base Variable vs ANZ Simplicity Plus

Lender NABANZ
Home Loan Base VariableSimplicity Plus
Interest Rate 6.49%6.72%
Summary

The NAB Base Variable Rate Home Loan is a fantastic low rate home loan that appeals to both owner occupiers and investors. The National Australia Bank’s basic variable product provides flexibility in the home loan that presents customers with the opportunity to pay off their home loan and own the property sooner.  […] More

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

Sample Loan Amount $400,000$400,000
Sample Minimum Deposit $20,000 (5%)$40,000 (10%)
Initial Monthly Repayment $2,526$2,586
Sample Term 30 years30 years
Home Loan Type VariableVariable
Application Fee $600$600
Monthly Fee $0$0
Annual Fee $0$0
Sample Cost
1 Years
$30,908$31,637
Savings After
1 Years
Save $729 
100% Offset Account   
Extra Repayments YesYes
Redraw Facility YesYes
Contruction YesYes
More Information