Discover huge savings - up to $39,000

When you switch your big bank home loan

Switch & Save Sale

Australia's Biggest Home Loan Sale

You’ve estimated the average person can save up to $39K*, how have you calculated this?


RateCity Staff
Apr 28, 2017( 1 min read )

If you have a loan with one of the Big 4 Banks (CBA, Westpac, ANZ and NAB) then you could save up to $39,000* over 15 years by switching. In fact, this is a conservative calculation.

What we’ve done is work out how much you could save if you switched an average-sized mortgage from the average discounted variable rate offered by one of the Big 4 Banks to the lowest variable rate in our sale. We’ve then factored in the discharge fees, application fees and ongoing fees to work out the savings over a 15-year loan term. For more information, see our Assumptions.

Remember that this is a model calculation only and not a prediction. The results are only estimates, whereas the actual amounts may be higher or lower. We cannot predict factors that will affect these results, such as changes in interest rates.


Related FAQs

The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.

That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.

Best of all, the ratings are calculated in real time so you know you’re getting the most current information.

Details  
Compare your product with the big 4 banks, or add more products to compare
As seen on