Comparing NAB FlexiPlus vs Westpac Premier Advantage Package

Lender NABWestpac
Home Loan FlexiPlusPremier Advantage Package
Interest Rate 6.99%6.39%
Summary

The NAB Flexiplus Mortgage Facility is a Line of Credit product that is attached to a standard NAB transaction account and acts as a flexible credit source for the consumer. The Flexiplus mortgage facility has a credit limit that is set by the lender. The user can draw down on the line of credit whenever they like. […] More

The Westpac Premier Advantage Package Variable Home Loan presents customers with the opportunity to bundle their home loan and transaction account together for a minimal annual fee. The home loan offers discounted interest rate on the standard variable rate making it an attractive home loan product. […] More

Sample Loan Amount $400,000$400,000
Sample Minimum Deposit $80,000 (20%)$52,000 (13%)
Initial Monthly Repayment $2,659$2,499
Sample Term 30 years30 years
Home Loan Type Line of CreditVariable
Application Fee $600$0
Monthly Fee $0$0
Annual Fee $250$395
Sample Cost
1 Years
$32,752$30,388
Savings After
1 Years
 Save $2,364
100% Offset Account YesYes
Extra Repayments YesYes
Redraw Facility YesYes
Contruction YesYes
More Information