Close Search

Continue session? We've noticed your session's been inactive for a while. For security, your session will time out in . Continue your session Session time out Your session's been inactive for a while, so we've logged you off from NetBank to keep your accounts and details safe. Close

Close Search

Home loans / Comparison rate warning

Comparison rate warning

Comparison rate is calculated on a $150,000 secured loan, over a 25 year term. WARNING: Comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. For variable interest only loans, comparison rates are based on an initial 5 year Interest Only period. For fixed or guaranteed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed or guaranteed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.

What is a comparison rate?

  • A tool to help you identify the true cost of a loan. It is calculated using a standard formula.
  • It is a rate which includes the interest rate and certain fees and charges relating to a loan.

The comparison rate does not include

  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided.
  • Cost savings such as fee waivers or the availability of interest offset arrangements which can influence the cost of a loan.

We can help

Comparison rate warning

Comparison rate is true only for the examples given and may not include all fees and charges. Comparison rate is calculated on a $150,000 secured loan, over a 25 year term. WARNING: Comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. For variable interest only loans, comparison rates are based on an initial 5 year Interest Only period. For fixed or guaranteed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed or guaranteed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.