Comparison Rate Calculator
A comparison rate gives you a clearer picture of the true cost of a loan by taking into account not only the interest rate, but also many of the fees and charges associated with the loan. It can be a useful way to compare different loan options side by side.
Use the calculator below to compare loans and better understand how fees and interest rates can affect the overall cost of borrowing. If you'd like help making sense of the results or comparing lenders, I'm here to help.
What Affects Your Borrowing Power?
Lenders look at a range of factors when assessing how much you may be able to borrow, including:
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Income and employment
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Existing loans and credit cards
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Living expenses
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Number of dependants
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Deposit size
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Credit history
While online calculators provide a useful starting point, your actual borrowing capacity may vary depending on the lender and your personal circumstances.