When choosing a suitable loan for you your Bernie Lewis mortgage adviser will consider the interest rate along with other aspects of the loans offered by the wide choice of banks, credit unions and other lenders on our partner panel.
Many people see interest rates as the most important factor in choosing a loan. We agree the interest rate is important, but you should also consider the features, benefits and flexibility of the loan to ensure it suits your personal circumstances and needs.
Here's a snapshot of our most competitive interest rates on offer today. These rates do not include packaged loans, low loan variation ratio loans or large loan amounts where further discount to rates will apply.
When comparing interest rates you should look at the comparison rate as this will give you the true figure you'll repay, including fees and charges associated with the loan.
| Home Loans | Normal Rate (% p.a.) | Comparison Rate (% p.a.)* |
|---|---|---|
| Variable | 6.35 | 6.37 |
| 1 Year Fixed | 5.99 | 6.40 |
| 2 Year Fixed | 5.89 | 7.09 |
| 3 Year Fixed | 5.99 | 6.32 |
| 5 Year Fixed | 6.45 | 7.15 |
| Line of Credit/Overdraft Loan | ||
| Variable | 6.79 | n/a |
*Comparison rates are based on a secured loan of $150,000 over a 25 year term & only apply to the example or examples given. Different amounts & terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, & cost savings such as free waivers, are not included in the comparison rate but may influence the cost of the loan. Information is correct as at 21/02/2012. Interest rates are subject to change without notice. Lenders terms, conditions, fees & charges apply
