Comparing St George Seniors Access Home Loan vs NAB Choice Package
| Lender |  |  |
| Home Loan | Seniors Access Home Loan | Choice Package |
| Interest Rate | 8.04% | 6.29% |
| Summary | The St. George Seniors Access Home Loan allows retirees to use the equity in the house to live in more comfort once they have stopped working. As such, the loan has a few limitations on who can apply for it. For instance, you must be at least 63 years old. […] More | 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 |
| Sample Loan Amount | $400,000 | $400,000 |
| Sample Minimum Deposit | $40,000 (10%) | $20,000 (5%) |
| Initial Monthly Repayment | $2,946 | $2,473 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | Reverse Mortgage | Variable |
| Application Fee | $950 | $0 |
| Monthly Fee | $10 | $0 |
| Annual Fee | $0 | $395 |
| Sample Cost 1 Years |
$36,425 | $30,074 |
| Savings After 1 Years |
Save $6,350 | |
| 100% Offset Account |  | |
| Extra Repayments | | |
| Redraw Facility | | |
| Contruction | ||
| More Information |
