Loan Comparison Calculator
Compare two loans side by side — including fees, not just the headline rate — to see which one actually costs you less over the full term.
Last verified: 5 May 2026Reviewed by the Savings Mate editorial team — figures fact-checked against the ATO, Services Australia and ASIC MoneySmart.
Which loan is actually cheaper?
Not always the one with the lower rate — fees matter. The cheaper loan is the one with the lowest total cost (repayments + fees) over the same term, which is what the legally-required comparison rate captures in one number. Source: ASIC MoneySmart.
General information and estimates only — not financial, tax, or legal advice. Always verify with a licensed adviser or the ATO.
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