Home loan comparison rates are calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. For variable Interest Only loans, comparison rates are based on an initial 3-year Interest Only period. For fixed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period, your payments will not reduce your loan balance and this may mean you pay more interest over the life of the loan.
Personal loan comparison rates are calculated based on $30,000 over a term of 5 years on monthly repayments for secured and unsecured loans. Rates quoted may vary depending on loan purpose and security offered.
Warning: The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.