Comparison Rate Calculator
The advertised rate is not the whole cost of a loan. A comparison rate folds in most fees and charges to give you a single figure you can use to compare products fairly.
Use the comparison rate calculator
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting.
What the comparison rate calculator tells you
What it shows
The comparison rate for the loan once fees and charges are included.
What you need
Loan amount, term, interest rate, and the establishment and ongoing fees.
What to do next
We can run the comparison rate across the lenders on our panel for your specific loan size.
Three things worth testing
- Comparison rates are standardised on a set loan amount and term, so recalculate for your own figures.
- Some costs, including government charges, sit outside the comparison rate.
- A low comparison rate on a product without an offset account may still cost more overall.
Frequently asked questions
What does a comparison rate include?
Is the lowest comparison rate always the best loan?
Turn the numbers into an approval
A calculator gives you an estimate. A broker gives you a lender, a rate and an approval. Talk to Ezy Loans Australia about what these numbers mean for your situation.
About the author
Amrinder Singh is the founder of Ezy Loans Australia and an Australian Credit Representative (number 505232) of Mortgage Australia Group Pty Ltd, Australian Credit Licence 377294. He works with first home buyers, investors and self employed borrowers across Australia, arranging home loans, refinancing, construction finance and asset finance through a broad panel of lenders.
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting. Calculators are provided under licence from the Finance Brokers Association of Australia. This page is general information only and does not take your objectives, financial situation or needs into account.
Ezy Loans Australia is a Perth-based mortgage and finance brokerage helping first home buyers, investors and refinancers across Australia secure the right loan with confidence.
Contact Info:
- 905 Hay St, Perth WA 6000
- amrinder@ezyloansaustralia.com.au
- 0432 066 362