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What is a Comparison Rate?

A comparison rate is the rate displayed next to the interest rate and must be included with any advertised home loan interest rate. It’s designed to give you a more accurate picture of the loan you’re considering with some of the associated costs included.

The comparison rate is calculated by adding any fees and charges to the interest rate and then converting that figure to a percentage rate.

Other factors can also affect the rates, such as the loan amount, the loan term, and the repayment frequency.

Using one of the many free comparison rate calculators available online will help give a more accurate cost of the particular loan you’re considering. You can find our loan repayment calculator here.

Found in:

  • Home loan ready

Found in:

Legal things about our rates
Our home loans are subject to credit criteria and eligibility requirements. Home loan interest rates are for new customers only and can change. Our comparison rates are based on a $150,000 loan amount over a 25 year term. They factor in fees associated with applying for the loan; ongoing fees and fees associated with leaving the loan. Our fixed loans roll to a variable principal and interest rate at the end of the fixed term. If the interest only period is not specified, the comparison rate is calculated on a one year period.

WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Tiimely Turnaround™
^Our turnaround times are up to 2x faster than the industry, based on a comparison of our average platform submit to approval time compared to industry submit to approval time, published here  (June 2023). Customer turnaround times are dependent on individual circumstances and may require an assessor to obtain more information.

Our trade mark
Tiimely is a registered trademark of Tiimely Pty Ltd.