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.
Fixed rate
Benefits of fixed rates
- Interest rates are not impacted by increases in market rates.
- It's predictable, making it easier to budget.
- Most lenders cap how many extra repayments you can make during the fixed period. Check your limit and any fees for exceeding it.
- If you end your fixed rate early, you may be charged a break cost. This varies based on your loan and how long is left in your fixed term.
We're here to help
Our friendly team are here to help you through the home loan process and choose the right loan for you.
Important information
* Minimum redraw is $500.