Compare Home Loans - MyRate vs the rest

See how we stack up against competing lenders. Use the table below to compare interest rates, fees and total savings over the life of your loan.

Repayment Type:
Loan Amount:
Loan Term:

Interest rate comparison chart^{^}

Institution (mouse over for product name)	Variable rate (p.a.)	Comparison rate# (p.a.)	Est. Monthly repayment	Annual savings	25 yr Savings

MyRate	7.03%	7.03%	$2,126.08
Aussie Home Loans	7.65%	7.70%	$2,246.33	$1,442.93	$36,073.28
BankWest	7.65%	7.86%	$2,246.33	$1,442.93	$36,073.28
Wizard	8.49%	8.55%	$2,413.66	$3,450.93	$86,273.25
Westpac	7.71%	7.84%	$2,258.11	$1,584.38	$39,609.41
St. George	7.74%	7.84%	$2,264.02	$1,655.22	$41,380.40
RAMS	7.59%	7.46%	$2,234.57	$1,301.80	$32,544.98
Commonwealth	7.74%	7.86%	$2,264.02	$1,655.22	$41,380.40
Nab	7.74%	7.88%	$2,264.02	$1,655.22	$41,380.40
HSBC	7.74%	7.81%	$2,264.02	$1,655.22	$41,380.40
ANZ	7.74%	7.84%	$2,264.02	$1,655.22	$41,380.40

Fees comparison chart^{^}

Institution (mouse over for product name)	Application	Valuation	Legal	Settlement	TOTAL UPFRONT FEES	Fee/ Redraw	Service fee

MyRate	$0*	$0*	$0*	$0*	$0*	$0*	$0*
Aussie Home Loans	$500			$100	$600
BankWest	$700				$700	$50	$15/mth
Wizard	$100			$660	$760
Westpac	$600				$600		$8/mth
St. George	$600			$100	$700	$10	$10/mth
RAMS	$395	$200		$250	$845
Commonwealth	$450				$450	$5	$8/mth
Nab	$600				$600		$10/mth
HSBC	$500			$150	$650
ANZ	$600				$600		$5/mth

^ Other fees and charges may be payable depending on the final loan details. Monthly repayments are calculated using the variable rate listed over 30 years for a $300,000 loan. The information presented in this table was sourced from InfoChoice.