What is a Comparison Rate?

Our Comparison Rate Calculator is a tool to help you identify the real cost of a loan by including variables such as the interest rate, establishment fees, ongoing charges, loan amount, repayment frequency and loan term. The result is a one single percentage figure called the 'comparison rate' that you can use to compare loan options.

An 'introductory rate' is generally a lower interest rate offered for a defined period of time such as 1-3 years before stepping up to a much higher ongoing rate for the remainder of your loan term. It can be also referred to as a 'Honeymoon rate' and is often used in advertising to attract borrowers to the low headline rate. If it's not applicable in the loan product you're comparing then simply enter 0 to the 'Intro Interest Rate' field on the calculator below.


RBA keeps Cash Rate on Hold!

Statement by Philip Lowe, Governor:
Monetary Policy...

Digital vs Personal Service

 The digital revolution is coming....or is...

  • Box1
    Your Benefits

    One point of contact & support right from the start! Simplify the process.
  • Box2
    Loan Calculators

    You can find out estimates for yourself, hassle free, right here.

  • Lender Options

    With over 20 different lenders to choose from you're guaranteed to find your option.
  • Box4
    Find us on Facebook

    Check out our latest promotions and stay updated with the latest interest rate movements.