Comparing NAB Choice Package vs ANZ Simplicity Plus

Lender NABANZ
Home Loan Choice PackageSimplicity Plus
Interest Rate 6.29%6.72%
Summary

The NAB Choice Package Variable Home Loan provides customers with a lower interest rate than the Standard Variable. The NAB Choice Package Variable Loan provides features that otherwise are not available to customers on the Standard Variable product. […] 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 $2,473$2,586
Sample Term 30 years30 years
Home Loan Type VariableVariable
Application Fee $0$600
Monthly Fee $0$0
Annual Fee $395$0
Sample Cost
1 Years
$30,074$31,637
Savings After
1 Years
Save $1,563 
100% Offset Account Yes 
Extra Repayments YesYes
Redraw Facility YesYes
Contruction  Yes
More Information