I'm sure it is not the best loan going around, but the convenience of having my savings, credit and home loan accounts all with the one bank probably make it worthwhile. If I took out a new loan, I would certainly shop around.
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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.
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