A comparison rate is the true cost of the loan. It takes into account the interest rate, loan set-up costs, the term of the loan and any other upfront or ongoing fees associated with the loan.
In order to get the best deal, compare the comparison rates rather than just the interest rates.
Keep in mind that a comparison rate does not include redraw fees or fee waivers, but includes everything that is integral to borrowing money that can be based off the average loan.
View our Comparison Rate Schedule