Comparing Westpac Premier Advantage Equity Access Loan vs ANZ Simplicity Plus
| Lender |  |  |
| Home Loan | Premier Advantage Equity Access Loan | Simplicity Plus |
| Interest Rate | 6.54% | 6.35% |
| Summary | The Westpac Premier Advantage Equity Access Loan incorporates the Westpac line of credit loan in to a dynamic loan package. Borrowers who choose this option get all of the great benefits of the Equity Access Loans, a product that allows you to use the house or investment property’s equity to pay for other personal expenses, fund new investments, or make improvements to the property. […] More | The ANZ Simplicity PLUS Home Loan is a simple, no frills home loan with a low variable interest rate for the life of your loan. It was Editor's Choice for ‘Basic variable loan’ in Your Mortgage Magazine, December 2008. […] More |
| Sample Loan Amount | $400,000 | $400,000 |
| Sample Minimum Deposit | $52,000 (13%) | $40,000 (10%) |
| Initial Monthly Repayment | $2,539 | $2,489 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | Line of Credit | Variable |
| Application Fee | $0 | $600 |
| Monthly Fee | $0 | $0 |
| Annual Fee | $395 | $0 |
| Sample Cost 1 Years |
$30,861 | $30,467 |
| Savings After 1 Years |
Save $393 | |
| 100% Offset Account | ||
| Extra Repayments |  | |
| Redraw Facility | | |
| Contruction | | |
| More Information |
