Legal Notice

The information and products contained on this website do not constitute recommendations or suggestions to apply for any particular product. Please consider whether it is appropriate for your circumstances before making a decision to apply for any product discussed on this site. The information and figures quoted should be used as an indication only and it is recommended that you consult an appropriate professional for specific advice tailored to your situation. Terms and Conditions will apply to all products.

Comparison Rate Warning

Comparison rate calculated on a $150,000 secured finance over a 25 year term.

WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other finance amounts might result in a different comparison rate. Comparison rates for fixed profit rates are based on an initial period equal in length to the fixed period.

What is a comparison rate?

A tool to help customers identify the true cost of finance. It is calculated using a standard formula.

It is a rate which includes the profit rate and certain fees and charges relating to the finance.

The comparison rate does not include:

  • Government charges such as stamp duty or mortgage registration fees
  • Fees and charges associated with finance options or events that may or may not be used by the customer, such as early repayment or redraw fees
  • Fees and charges which aren’t available at the time the comparison rate is provided
  • Cost savings such as fee waivers or the availability of offset arrangements which can influence the cost of finance.