Home loan rates
Home loan rate. Comparison rate.
Here's what each means and how they affect what you pay.
Interest rate
The base rate that your home loan interest is calculated on.
Comparison rate
The interest rate of the loan, including some of the fees and charges you will accumulate. This figure is designed to show you the true cost of a loan.
Variable rate
Benefits of variable rates
- Provides more flexibility for you to change your loan arrangement without financial penalty.
- Allows you to make additional repayments and redraw*.
- As interest rates decline overall, so can your repayments.