Comparing Westpac Premier Advantage Fixed 1 Year vs NAB Introductory 1 Year Variable Rate
| Lender |  |  |
| Home Loan | Premier Advantage Fixed 1 Year | Introductory 1 Year Variable Rate |
| Interest Rate | 5.99% | 6.22% |
| Summary | The Westpac Premier Advantage Package Fixed 1 Year Home Loan provides consumers with a discounted fixed rate for 1 year on loans $150,000 and above. The discount on the standard fixed rate is 0.20% and presents a fantastic opportunity to take out a competitive fixed loan for 1 year. Knowing what you home loan repayments are is a key behind consumers taking out a fixed home loan. The sense of security over repayment amounts is a great benefit of a fixed home loan. […] 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 | $2,396 | $2,455 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | 1 Year Fixed | Variable |
| Application Fee | $0 | $600 |
| Monthly Fee | $0 | $10 |
| Annual Fee | $395 | $0 |
| Sample Cost 1 Years |
$29,143 | $30,181 |
| Savings After 1 Years |
Save $1,038 | |
| 100% Offset Account | ||
| Extra Repayments |  | |
| Redraw Facility | | |
| Contruction | | |
| More Information |
