Comparison Interest Rate

A comparison interest rate or also commonly known as the 'real rate', 'Annual Average Percentage Rate' or 'AAPR' is the most important rate to consider when calculating your home loan repayments. This is because the comparison interest rate includes other additional fees and charges such as ongoing monthly or yearly fees and upfront fees such as application or establishment fees that you may incur depending on the loan. These fees are combined with the interest rate and averaged over the life of the loan. Comparison interest rates give you a more realistic interest rate and allow you to budget your expenses and repayments much more effectively.

The table below today's best variable interest rates.