Comparing NAB Choice Package vs NAB Introductory 1 Year Variable Rate

Lender NABNAB
Home Loan Choice PackageIntroductory 1 Year Variable Rate
Interest Rate 6.29%6.22%
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

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 $2,473$2,455
Sample Term 30 years30 years
Home Loan Type VariableVariable
Application Fee $0$600
Monthly Fee $0$10
Annual Fee $395$0
Sample Cost
1 Years
$30,074$30,181
Savings After
1 Years
Save $106 
100% Offset Account Yes 
Extra Repayments YesYes
Redraw Facility YesYes
Contruction   
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