Comparing Westpac Premier Advantage Equity Access Loan vs NAB Introductory 1 Year Variable Rate
| Lender |  |  |
| Home Loan | Premier Advantage Equity Access Loan | Introductory 1 Year Variable Rate |
| Interest Rate | 6.54% | 6.22% |
| 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 | NAB’s 1-Year Variable Rate home loan comes with an introductory rate for the first 12 months of the term. The interest rate during the introductory period is variable rather than fixed. Once the term expires, the interest rates will revert to the NAB’s standard variable rate. […] More |
| Sample Loan Amount | $400,000 | $400,000 |
| Sample Minimum Deposit | $52,000 (13%) | $20,000 (5%) |
| Initial Monthly Repayment | $2,539 | $2,455 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | Line of Credit | Variable |
| Application Fee | $0 | $600 |
| Monthly Fee | $0 | $10 |
| Annual Fee | $395 | $0 |
| Sample Cost 1 Years |
$30,861 | $30,181 |
| Savings After 1 Years |
Save $680 | |
| 100% Offset Account | ||
| Extra Repayments |  | |
| Redraw Facility | | |
| Contruction | ||
| More Information |
