Interest rate is the amount of interest you will be paid on the balance of your loan each year.
This has an impact on your monthly mortgage payments.
The comparison rate combines the interest rate with the majority of the loan's fees and charges.
This is intended to assist you in determining the loan's cost more precisely and making product comparisons easier.
If you want to know more about the difference between the interest rate and the comparison rate, please contact the North Brisbane Home Loans team.
Interest rate is the amount of interest you will be paid on the balance of your loan each year.
This has an impact on your monthly mortgage payments.
The comparison rate combines the interest rate with the majority of the loan's fees and charges.
This is intended to assist you in determining the loan's cost more precisely and making product comparisons easier.
If you want to know more about the difference between the interest rate and the comparison rate, please contact the North Brisbane Home Loans team.