Comparing NAB Choice Package Fixed 10 Years vs ANZ Simplicity Plus

Lender NABANZ
Home Loan Choice Package Fixed 10 YearsSimplicity Plus
Interest Rate 7.99%6.72%
Summary

The NAB Choice Package Fixed 10 Year Home Loan allows clients who wish to take a long term view on the market the opportunity to lock in their interest rate.  This allows you to pay back the home loan faster and own your home sooner. Feel safe knowing that you have the same repayments for 10 years - further discounts apply to loans over $250,000 of 0.10%. […] 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 $2,932$2,586
Sample Term 30 years30 years
Home Loan Type 10 Year FixedVariable
Application Fee $0$600
Monthly Fee $0$0
Annual Fee $395$0
Sample Cost
1 Years
$35,582$31,637
Savings After
1 Years
 Save $3,945
100% Offset Account   
Extra Repayments YesYes
Redraw Facility YesYes
Contruction  Yes
More Information