This is the interest rates published by the lender. Rates ‘from’ indicates that it is a minimum rate and most borrowers will pay higher based on your credit profile and other factors. ‘Headline rate’ indicates that this is an indicative rate from the lender and actual rates may be higher or lower based on your credit profile and other factors.
This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. It is calculated based on a loan of $30,000 over 5 years, and represents the effective rate on a loan.
Fees are calculated using the setup fee and then a monthly stipend.
Initial monthly repayment includes upfront lender fees and is an estimate based on the loan amount, loan term and credit score you select. Actually repayments may vary based on your individual circumstances and interest rate changes.