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Home Loan Fees


RateCity Staff

By RateCity Staff

8 Jul 20101 min read

What are Home Loan Fees?

Home loan fees are the fees that financial institutions charge borrowers with home loans. Home loan fees are charged when applying for a home loan and throughout the term of the home loan and can include

  • establishment fees
  • exemption fees
  • early-exit fees (now effectively banned)
  • break fees

You can compare the Comparison Rate which is also known as the ‘real rate’, the ‘Annual Average Percentage Rate’ or ‘AAPR’ which calculates the average annual rate including any upfront or ongoing fees over the life of the loan.

In 2009 the Reserve Bank of Australia (RBA) reported that banks received $5 billion from home loan fees from Australian households. The amount charged for home loan fees will depend on the type of home loan, the amount borrowed, the term and the circumstances. Each lender charges different types of home loan fees at different amounts, so be sure to check with your lender before signing the contract.

To find a great home loan use Australia’s leading home loan comparison site, RateCity.com.au.


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About Home Loans Articles

RateCity provides Home Loan news and features, including a range of weekly stories and economic updates. By checking our Home Loan news and features daily, you can ensure that you receive up to date, expert commentary on current financial and economic issues. Before you search, compare or apply for a Home Loan product that may be suitable for your needs, help yourself understand the market by reading Home Loan news and features at RateCity.

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