Calculators · loan comparison
Compare two loans, side by side.
Set both loans, see which actually costs less over the term — and the month a lower upfront fee pays itself back.
Loan A
Loan B
Indicative only — not an offer or a quote. The rates above are editable examples; compare the two on a like-for-like basis. Your actual rate depends on the lender’s assessment of your file. General information, not personal credit advice.
Estimates only. This comparison is based on the rates, fees and terms you enter — it is general information, not personal credit advice. Compare the two rates on a like-for-like basis (e.g. both comparison rates). It excludes cashback claw-back, honeymoon resets, offset savings, lender assessment policy and exit/discharge fees. Your real rate depends on the lender’s full assessment of your file.
The true cost
Most rate comparisons stop at the headline rate — comparing two loans that actually have different repayments and different fees. We fold in the monthly and upfront fees and compare on the real cost: what you actually pay out, month to month. So the number you decide on is the true end result over the life of the loan.
The maths
The winner is decided product-to-product: minimum repayment, fees (ongoing normalised to monthly, plus upfront), full term — extras zeroed on both sides, so identical loans tie. Your extra repayments are a separate layer: we re-run each loan’s schedule against its own no-extras baseline to show the interest saved and years cut. The break-even month is ⌈(upfront delta) / (monthly saving)⌉ on the product-only monthly cost, when the cheaper-monthly loan also has the higher upfront cost. Fortnightly and weekly figures are the monthly amount split pro-rata (÷26, ÷52) — a display equivalence, not an accelerated-payoff schedule.
What this won’t catch
Cashback claw-backs, honeymoon rates that reset, offset interest savings, lender-specific assessment policies, and exit/discharge fees. We model those on the call.
When the number matters
Take the comparison to a broker.
Same calc, but with the rate that actually applies to your file, the policy quirks of each lender, and the structure we’d recommend.