Legal things you need to know about our rates.
No tricks included.
They’re current as of 20 February 2018; available to all home loans approved on or after this date, and they can change.
We relentlessly review our rates to make sure we stay competitive and offer more Australians a better deal on their home loan.
We work out our variable comparison rate based on a $150,000 loan over 25 years. And for the fixed loan comparison rates, we base them on the loan switching to our variable rate at the end of the fixed term. These rates also factor in all the fees associated with applying for the loan (none) and all the fees associated with having the loan (none) and the fees associated with leaving the loan (a $325 discharge fee).
For a different loan or term, such as our home loan with an offset account, the rate would be different because we charge $10 a month to have an offset account. Or to say that in the way we’re legally obligated to (the aggressive way): WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
But no need to speculate. Test out what your rate will be based on your own situation and the loan you want.