Comparing NAB Base Variable vs NAB Introductory 1 Year Variable Rate

Lender NABNAB
Home Loan Base VariableIntroductory 1 Year Variable Rate
Interest Rate 6.49%6.22%
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

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 $20,000 (5%)$20,000 (5%)
Initial Monthly Repayment $2,526$2,455
Sample Term 30 years30 years
Home Loan Type VariableVariable
Application Fee $600$600
Monthly Fee $0$10
Annual Fee $0$0
Sample Cost
1 Years
$30,908$30,181
Savings After
1 Years
 Save $727
100% Offset Account   
Extra Repayments YesYes
Redraw Facility YesYes
Contruction Yes 
More Information