Comparing Westpac Fixed 1 Year vs NAB Choice Package

Lender WestpacNAB
Home Loan Fixed 1 YearChoice Package
Interest Rate 6.19%6.29%
Summary

The Westpac 1-Year Fixed Rate Home Loan is the introductory term for Westpac’s Fixed Options Home Loan. There are other fixed rate lengths available through Westpac, offering borrowers up to 10 years at a discounted fixed rate. After these terms end, the rate will revert back to the Standard Variable Rate. […] 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 $52,000 (13%)$20,000 (5%)
Initial Monthly Repayment $2,447$2,473
Sample Term 30 years30 years
Home Loan Type 1 Year FixedVariable
Application Fee $600$0
Monthly Fee $8$0
Annual Fee $0$395
Sample Cost
1 Years
$30,063$30,074
Savings After
1 Years
Save $11 
100% Offset Account  Yes
Extra Repayments YesYes
Redraw Facility YesYes
Contruction Yes 
More Information