Comparing NAB Home Equity vs Westpac Premier Advantage Package

Lender NABWestpac
Home Loan Home EquityPremier Advantage Package
Interest Rate 6.47%6.39%
Summary

The NAB Home Equity Line of Credit is a great product from the NAB that allows customers to access the equity they have built up in their home. The value can be unlocked and money invested in other areas. […] 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 $40,000 (10%)$52,000 (13%)
Initial Monthly Repayment $2,520$2,499
Sample Term 30 years30 years
Home Loan Type Line of CreditVariable
Application Fee $600$0
Monthly Fee $0$0
Annual Fee $0$395
Sample Cost
1 Years
$30,845$30,388
Savings After
1 Years
 Save $457
100% Offset Account  Yes
Extra Repayments YesYes
Redraw Facility YesYes
Contruction  Yes
More Information