Comparison rate
A rate that combines the interest rate with standard fees, so you can compare loans on a fairer basis than the headline rate alone.
A comparison rate rolls the interest rate and most standard fees into one number. It gives you a truer picture of what a loan really costs, because a low advertised rate can hide high fees that push the real cost up.
Two loans can show the same interest rate but have very different fees. The comparison rate helps you see past the headline and compare like for like.
It does not include every possible cost, such as late fees or one-off charges you choose to take on. So it is a guide, not the final word. Always also check the total cost of credit in dollars over the full loan term.
Our guide rate of 9.95% p.a. is indicative only and not a quote. To see real options for your situation, get your fair rate.
See your repayments, then get a fair rate.
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