Comparing NAB Choice Package vs CBA Wealth Package

Lender NABCBA
Home Loan Choice PackageWealth Package
Interest Rate 6.29%6.31%
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 CBA Wealth Package home loan combines several of CBA’s financial products that reward their customers for choosing to bank with Commonwealth Bank. For an annual fee of $350 you can take advantage of not only big savings on borrowing for home loans, but also with insurance services and ordinary banking services. […] More

Sample Loan Amount $400,000$400,000
Sample Minimum Deposit $20,000 (5%)$20,000 (5%)
Initial Monthly Repayment $2,473$2,478
Sample Term 30 years30 years
Home Loan Type VariableVariable
Application Fee $0$0
Monthly Fee $0$0
Annual Fee $395$350
Sample Cost
1 Years
$30,074$30,092
Savings After
1 Years
Save $18 
100% Offset Account YesYes
Extra Repayments YesYes
Redraw Facility YesYes
Contruction  Yes
More Information