All Topics / Finance / Which of these loans is better?

Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of donkey1donkey1
    Member
    @donkey1
    Join Date: 2009
    Post Count: 6

    Hi Everyone,

    Can I get some comments from people who have either of these loan products:

     

    ANZ Breakfree professional package

    Westpac Rocket repayer professional package

     

    I currently have one investment which I would like to refinance so that I can free up some equity to make further investment property purchases. I’ve spoken with a few mortgage brokers & these are the two products that keep being mentioned. Any comments/experiences positive or negative on these products or institutions would be appreciated.

    Thanks

    Profile photo of mtutonmtuton
    Member
    @mtuton
    Join Date: 2009
    Post Count: 1

    If you are only going to chose between the above two options, then go with what bank you like… both of these products are very similar.  Westpac's annual fee is $395 and ANZ is $363 (from memory).  each give you a free transaction account and credit card.  Both give you a discounted interest rate of 0.7% (depending on the loan amount).

    there are many options out there when it comes to loans… some have more features and better service, others have a better interest rate.  If it's just an interest rate you're after… have a look at the bankwest rate tracker product.  it may suit.

    Matt

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    i have both of these. Rates are pretty similar and (and products too), but you may be able to get an extra discount with westpac, depending on the size. ANZ are getting a bit funny with their requirements these days and I prefer Westpac for their service as well.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    I have no problems with either but would throw the NAB Choice package into the ring.

    I think it is not the product that is important but more the way in which it is set up and structured.

    Richard Taylor | Australia's leading private lender

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.