The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $999,999 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $1,000,000 and $2,000,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $2,000,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $2,000,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $149,999 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan between $50,000 and $149,999 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan between $150,000 and $999,999 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan between $1,000,000 and $2,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $50,000 and $149,999 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $50,000 and $149,999 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $150,000 and $2,000,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $150,000 and $2,000,000 with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $150,000 | $999,999 |
| | Owner Occupier | Principal & Interest | < 80% | $1,000,000 | $2,000,000 |
| | Owner Occupier | Principal & Interest | 80%-90% | $150,000 | $2,000,000 |
| | Owner Occupier | Principal & Interest | 90%-95% | $150,000 | $2,000,000 |
| | Owner Occupier | Principal & Interest | < 95% | $50,000 | $149,999 |
| | Owner Occupier | Interest Only | < 95% | $50,000 | $149,999 |
| | Owner Occupier | Interest Only | < 80% | $150,000 | $999,999 |
| | Owner Occupier | Interest Only | < 80% | $1,000,000 | $2,000,000 |
| | Investor | Principal & Interest | < 80% | $50,000 | $149,999 |
| | Investor | Interest Only | < 80% | $50,000 | $149,999 |
| | Investor | Principal & Interest | < 80% | $150,000 | $2,000,000 |
| | Investor | Interest Only | < 80% | $150,000 | $2,000,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $150,000 $999,999
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $1,000,000 $2,000,000
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $150,000 $2,000,000
Owner Occupier (Principal & Interest)
LVR 90%-95%
Loan: $150,000 $2,000,000
Owner Occupier (Principal & Interest)
LVR < 95%
Loan: $50,000 $149,999
Owner Occupier (Interest Only)
LVR < 95%
Loan: $50,000 $149,999
Owner Occupier (Interest Only)
LVR < 80%
Loan: $150,000 $999,999
Owner Occupier (Interest Only)
LVR < 80%
Loan: $1,000,000 $2,000,000
Investor (Principal & Interest)
LVR < 80%
Loan: $50,000 $149,999
Investor (Interest Only)
LVR < 80%
Loan: $50,000 $149,999
Investor (Principal & Interest)
LVR < 80%
Loan: $150,000 $2,000,000
Investor (Interest Only)
LVR < 80%
Loan: $150,000 $2,000,000
On the prowl for a low cost home loan with some nifty features? ING’s Mortgage Simplifier has competitive interest rates starting from 2.45% p.a. (2.48% comparison rate*) for loans over $1 million, with no monthly or annual service fees and no upfront application fee. Combine this with the home loan’s free extra repayments and redraw facility and you’ve got yourself a nice blend of low rates and flexibility.
Whether you’re an owner occupier or investor, the ING Mortgage Simplifier has pretty low variable interest rates. For owner occupiers, loans from $150,000 and under $1 million start from 2.49% p.a. (2.52% comparison rate*) while those over $1 million start at 2.45% (2.48% comparison rate*). For investors, loans from $150,000 to $2 million start from 2.64% (2.67% comparison rate*).
You can borrow from $50,000 up to $2 million, and the amount you borrow, as well as your LVR will determine the interest rate you get.
The loan is available to owner occupiers with an LVR up to 90% (which means a 10% deposit) and investors with an LVR up to 80% (a 20% deposit), but don’t forget if you have less than a 20% deposit (an LVR higher than 80%), you'll need to budget for Lenders Mortgage Insurance.
An innovative feature that comes with the Mortgage Simplifier is its everyday round up for home loans. Linking your Orange Everyday Account to your home loan means you’ll get free ATM access Australia-wide. Plus, you can also round up ING Orange Everyday Card purchases to the nearest $1 or $5 and then the difference is paid from your Orange Everyday account to help pay down your mortgage. Another feature is the option to have a split account between fixed and variable rates, but take note that the Mortgage Simplifier doesn’t come with an offset account.
You can also have flexibility in choosing between fortnightly or monthly repayments. Plus, if you’re looking to pay your loan off quicker you can make additional payments through the extra repayments facility for free and if it comes down to it, you can access those funds again through the redraw facility (minimum redraw amount for as little as $1).
There are also no application, valuation, legal or service fees, although you will need to keep an eye out for the $299 settlement and $250 discharge fee.
If you're already an ING customer, you'll get the benefit of their sweep tool, so even though it’s a great deal for anyone it's particularly great for existing ING customers
Although it’s not a dealbreaker, if you are on the hunt for a home loan with an offset account, that’s one significant feature missing from this loan.
| 2.49% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.52% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $299.00 | |
| n/a | |
| $0.00 | |
| $250.00 |
| $150,000 | |
| $999,999 | |
| none | |
| 80.00% |
| Owner Occupier | |
| Principal & Interest | |
| Fortnightly, Monthly | |
| yes - free | |
| none | |
| yes - free | |
| $1.00 | |
| yes | |
| no | |
| none | |
| Everyday round up available, a feature that automatically rounds purchases made on INGs Orange Everyday transaction account to the nearest $1 or $5 and transfers the difference against your loan balance. | |
| Receive $3,000 cashback when you refinance your home loan from another lender, apply by 31 Dec 2021, settle by 31 March 2022, and open an Orange Everyday account within 70 days. Minimum amount of $500,000 and LVR less than or equal to 80%. |
WARNING: 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
| 2.45% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.48% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $299.00 | |
| n/a | |
| $0.00 | |
| $250.00 |
| $1,000,000 | |
| $2,000,000 | |
| none | |
| 80.00% |
| Owner Occupier | |
| Principal & Interest | |
| Fortnightly, Monthly | |
| yes - free | |
| none | |
| yes - free | |
| $1.00 | |
| yes | |
| no | |
| none | |
| Everyday round up available, a feature that automatically rounds purchases made on INGs Orange Everyday transaction account to the nearest $1 or $5 and transfers the difference against your loan balance. | |
| Receive $3,000 cashback when you refinance your home loan from another lender, apply by 31 Dec 2021, settle by 31 March 2022, and open an Orange Everyday account within 70 days. Minimum amount of $500,000 and LVR less than or equal to 80%. |
WARNING: 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
| 2.59% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.62% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $299.00 | |
| n/a | |
| $0.00 | |
| $250.00 |
| $150,000 | |
| $2,000,000 | |
| 80.00% | |
| 90.00% |
| Owner Occupier | |
| Principal & Interest | |
| Fortnightly, Monthly | |
| yes - free | |
| none | |
| yes - free | |
| $1.00 | |
| yes | |
| no | |
| none | |
| Everyday round up available, a feature that automatically rounds purchases made on INGs Orange Everyday transaction account to the nearest $1 or $5 and transfers the difference against your loan balance. | |
| none |
WARNING: 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
| 3.00% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.03% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $299.00 | |
| n/a | |
| $0.00 | |
| $250.00 |
| $150,000 | |
| $2,000,000 | |
| 90.00% | |
| 95.00% |
| Owner Occupier | |
| Principal & Interest | |
| Fortnightly, Monthly | |
| yes - free | |
| none | |
| yes - free | |
| $1.00 | |
| yes | |
| no | |
| none | |
| Everyday round up available, a feature that automatically rounds purchases made on INGs Orange Everyday transaction account to the nearest $1 or $5 and transfers the difference against your loan balance. | |
| none |
WARNING: 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
| 3.92% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.94% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $299.00 | |
| n/a | |
| $0.00 | |
| $250.00 |
| $50,000 | |
| $149,999 | |
| none | |
| 95.00% |
| Owner Occupier | |
| Principal & Interest | |
| Fortnightly, Monthly | |
| yes - free | |
| none | |
| yes - free | |
| $1.00 | |
| yes | |
| no | |
| none | |
| Everyday round up available, a feature that automatically rounds purchases made on INGs Orange Everyday transaction account to the nearest $1 or $5 and transfers the difference against your loan balance. | |
| none |
WARNING: 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
| 3.85% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.87% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $299.00 | |
| n/a | |
| $0.00 | |
| $250.00 |
| $50,000 | |
| $149,999 | |
| none | |
| 95.00% |
| Owner Occupier | |
| Interest Only | |
| Fortnightly, Monthly | |
| yes - free | |
| none | |
| yes - free | |
| $1.00 | |
| yes | |
| no | |
| none | |
| Everyday round up available, a feature that automatically rounds purchases made on INGs Orange Everyday transaction account to the nearest $1 or $5 and transfers the difference against your loan balance. | |
| none |
WARNING: 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
| 2.94% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.97% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $299.00 | |
| n/a | |
| $0.00 | |
| $250.00 |
| $150,000 | |
| $999,999 | |
| none | |
| 80.00% |
| Owner Occupier | |
| Interest Only | |
| Fortnightly, Monthly | |
| yes - free | |
| none | |
| yes - free | |
| $1.00 | |
| yes | |
| no | |
| none | |
| Everyday round up available, a feature that automatically rounds purchases made on INGs Orange Everyday transaction account to the nearest $1 or $5 and transfers the difference against your loan balance. | |
| Receive $3,000 cashback when you refinance your home loan from another lender, apply by 31 Dec 2021, settle by 31 March 2022, and open an Orange Everyday account within 70 days. Minimum amount of $500,000 and LVR less than or equal to 80%. |
WARNING: 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
| 2.90% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.93% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $299.00 | |
| n/a | |
| $0.00 | |
| $250.00 |
| $1,000,000 | |
| $2,000,000 | |
| none | |
| 80.00% |
| Owner Occupier | |
| Interest Only | |
| Fortnightly, Monthly | |
| yes - free | |
| none | |
| yes - free | |
| $1.00 | |
| yes | |
| no | |
| none | |
| Everyday round up available, a feature that automatically rounds purchases made on INGs Orange Everyday transaction account to the nearest $1 or $5 and transfers the difference against your loan balance. | |
| Receive $3,000 cashback when you refinance your home loan from another lender, apply by 31 Dec 2021, settle by 31 March 2022, and open an Orange Everyday account within 70 days. Minimum amount of $500,000 and LVR less than or equal to 80%. |
WARNING: 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
| 4.00% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 4.02% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $299.00 | |
| n/a | |
| $0.00 | |
| $250.00 |
| $50,000 | |
| $149,999 | |
| none | |
| 80.00% |
| Investor | |
| Principal & Interest | |
| Fortnightly, Monthly | |
| yes - free | |
| none | |
| yes - free | |
| $1.00 | |
| yes | |
| no | |
| none | |
| Everyday round up available, a feature that automatically rounds purchases made on INGs Orange Everyday transaction account to the nearest $1 or $5 and transfers the difference against your loan balance. | |
| none |
WARNING: 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
| 4.30% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 4.32% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $299.00 | |
| n/a | |
| $0.00 | |
| $250.00 |
| $50,000 | |
| $149,999 | |
| none | |
| 80.00% |
| Investor | |
| Interest Only | |
| Fortnightly, Monthly | |
| yes - free | |
| none | |
| yes - free | |
| $1.00 | |
| yes | |
| no | |
| none | |
| Everyday round up available, a feature that automatically rounds purchases made on INGs Orange Everyday transaction account to the nearest $1 or $5 and transfers the difference against your loan balance. | |
| none |
WARNING: 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
| 2.64% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.67% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $299.00 | |
| n/a | |
| $0.00 | |
| $250.00 |
| $150,000 | |
| $2,000,000 | |
| none | |
| 80.00% |
| Investor | |
| Principal & Interest | |
| Fortnightly, Monthly | |
| yes - free | |
| none | |
| yes - free | |
| $1.00 | |
| yes | |
| no | |
| none | |
| Everyday round up available, a feature that automatically rounds purchases made on INGs Orange Everyday transaction account to the nearest $1 or $5 and transfers the difference against your loan balance. | |
| Receive $3,000 cashback when you refinance your home loan from another lender, apply by 31 Dec 2021, settle by 31 March 2022, and open an Orange Everyday account within 70 days. Minimum amount of $500,000 and LVR less than or equal to 80%. |
WARNING: 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
| 2.89% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.92% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $299.00 | |
| n/a | |
| $0.00 | |
| $250.00 |
| $150,000 | |
| $2,000,000 | |
| none | |
| 80.00% |
| Investor | |
| Interest Only | |
| Fortnightly, Monthly | |
| yes - free | |
| none | |
| yes - free | |
| $1.00 | |
| yes | |
| no | |
| none | |
| Everyday round up available, a feature that automatically rounds purchases made on INGs Orange Everyday transaction account to the nearest $1 or $5 and transfers the difference against your loan balance. | |
| Receive $3,000 cashback when you refinance your home loan from another lender, apply by 31 Dec 2021, settle by 31 March 2022, and open an Orange Everyday account within 70 days. Minimum amount of $500,000 and LVR less than or equal to 80%. |
WARNING: 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
Communication is ING's down-fall and for that, they have completely lost my trust. Their service and mechanisms to receive it are appalling (no case continuity, repeated requests to send the same documentation, new consultants every call despite the 1 application, and generally long wait times in comparison to competitors). I've lost count the amount of times I've had to chase ING for advice or an update, which is so disappointing. I've finally made the decision to re-finance my loan with another institution after 1.5 years and I was gobsmacked how much of a breeze a loan application can be (compared to how it was with ING). Unfortunately though, ING haven't changed and although my refinance has settled with my new financial institution, ING are experiencing 'longer than usual service times', so have actually failed to close my loan account more than a week after settlement (including taking another mortage repayment even though the security is no longer with them). And of course I had to contact them to follow up. Honestly have no words - just stay away. You can negotiate the product features with other financial institutions who actually want you as a customer.
Read full reviewCommunication is ING's down-fall and for that, they have completely lost my trust. Their service and mechanisms to receive it are appalling (no case continuity, repeated requests to send the same documentation, new consultants every call despite the 1 application, and generally long wait times in comparison to competitors). I've lost count the amount of times I've had to chase ING for advice or an update, which is so disappointing. I've finally made the decision to re-finance my loan with another institution after 1.5 years and I was gobsmacked how much of a breeze a loan application can be (compared to how it was with ING). Unfortunately though, ING haven't changed and although my refinance has settled with my new financial institution, ING are experiencing 'longer than usual service times', so have actually failed to close my loan account more than a week after settlement (including taking another mortage repayment even though the security is no longer with them). And of course I had to contact them to follow up. Honestly have no words - just stay away. You can negotiate the product features with other financial institutions who actually want you as a customer.
Unreliable information. Late with legal documents. Don’t return calls. The list goes on.
Read full reviewUnreliable information. Late with legal documents. Don’t return calls. The list goes on.
I was initially concerned by not having the ability to go into a Branch due to ING not having any physical branches; however their online and phone customer service is on par if not better than other banks I have dealt with at the Branch level.
Read full reviewI was initially concerned by not having the ability to go into a Branch due to ING not having any physical branches; however their online and phone customer service is on par if not better than other banks I have dealt with at the Branch level.
When I asked for a rate reduction, I was given this but it was very small. I would have got a better deal if I refinanced.
Read full reviewWhen I asked for a rate reduction, I was given this but it was very small. I would have got a better deal if I refinanced.
I have all my accounts in one and ING are fee free. Love it.
Read full reviewI have all my accounts in one and ING are fee free. Love it.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.09% p.a.
fixed 3 years
3.58% p.a.
Bank of Queensland
Fixed Rate
2.19% p.a.
fixed 3 years
3.03% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a.
2.21% p.a.
Bank of Queensland
Economy
1.98% p.a.
2.15% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.09% p.a.
fixed 3 years
3.58% p.a.
Bank of Queensland
Fixed Rate
2.19% p.a.
fixed 3 years
3.03% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a.
2.21% p.a.
$0.00
Bank of Queensland
Economy
1.98% p.a.
2.15% p.a.
$10.00 monthly
WARNING: 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
