Practical guidance — short, clear and focused.
The interest rate is one part of the cost. Where a comparison rate is shown, it combines the interest rate with most fees and charges for a specified loan amount and term.
Check the loan amount and term used to calculate the comparison rate, any excluded costs and your quoted total repayments. A comparison rate based on different assumptions may not reflect your loan.
Our finance team can explain the interest rate, fees, comparison rate where applicable, and total repayments before you decide whether to proceed.
Read more about comparing personal loans on ASIC’s Moneysmart website.
