Comparing NAB Introductory 3 Year Variable Rate vs Westpac Premier Advantage Package

Lender NABWestpac
Home Loan Introductory 3 Year Variable RatePremier Advantage Package
Interest Rate 6.51%6.39%
Summary

NAB’s Introductory 3-Year Variable Rate home loan has an extended introductory period that lasts for 3 years. As with the one-year variable rate the interest rates is variable and not fixed for the initial term. Once the introductory period expires, the interest rate reverts to the NAB’s standard variable rate. […] 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 $20,000 (5%)$52,000 (13%)
Initial Monthly Repayment $2,531$2,499
Sample Term 30 years30 years
Home Loan Type VariableVariable
Application Fee $600$0
Monthly Fee $10$0
Annual Fee $0$395
Sample Cost
1 Years
$31,091$30,388
Savings After
1 Years
 Save $703
100% Offset Account  Yes
Extra Repayments YesYes
Redraw Facility YesYes
Contruction  Yes
More Information