Working out the differences between two loan options
What to know what the difference is between two different loan options? Our loan comparison
calculator gives you an estimate of the difference in repayments and interest expense between
one loan and another.
This is a handy step to take if you have the options of two different loan options and you want to
make sure you are choosing the option that will suit you and avoid the option that will cost you
more.
By entering the loan amount and loan term, then putting in the details for each loan, this
calculator will provide you and estimate of repayments over the loan period and total cost of each
loan. It will also indicate which loan will work our cheaper for you.
Make sure you enter realistic figures so that you can give yourself a more accurate picture. This
can help to plan more effectively. To work out how much you can save from switching your
current loan to a new one, try our mortgage switching calculator.
“*The calculator has been provided in good faith as a guidance tool only. Results are not financial
advice, are a guide only, and are not a guaranteed outcome or quote. Borrowers should always
discuss their individual situation with an Australian Credit Licensee or authorised Credit
Representative”