Comparing St George Seniors Access Home Loan vs Westpac Premier Advantage Package
| Lender |  |  |
| Home Loan | Seniors Access Home Loan | Premier Advantage Package |
| Interest Rate | 8.04% | 6.39% |
| 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 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 | $2,946 | $2,499 |
| 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 | $30,388 |
| Savings After 1 Years |
Save $6,037 | |
| 100% Offset Account |  | |
| Extra Repayments | | |
| Redraw Facility | | |
| Contruction | | |
| More Information |
