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 Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed 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.

• A comparison rate includes the interest rate as well as certain fees and charges relating to a loan.
• The aim of the comparison rate is to help you identify the true cost of a loan and compare loans and services offered by financial institutions and mortgage providers.
• The formula for calculating a comparison rate is regulated by the Consumer Credit Code, and all Australian financial institutions and mortgage providers use this same formula.

• 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.