Good to know
How is this calculated?
It uses the standard amortising-loan formula: your loan amount, the interest rate you enter, the term, and how often you repay. It assumes a constant rate for the whole term (real loans vary), so treat it as a guide, not a quote.
Does paying fortnightly or weekly save money?
Often, yes — more frequent repayments can reduce the interest you pay over the life of the loan, because you chip away at the balance faster. Switch the frequency above to compare. Your lender’s rules apply.
Is this my real rate?
No — it’s whatever rate you type in. To get an actual rate, we compare a panel of 40+ lenders based on your situation. Send yourself the figures above and we’ll come back with real options.
Does it include fees?
No. Establishment fees, LMI, offset/package fees and government charges aren’t included here. We factor those in when we prepare your real comparison.