Compare - What is your std variable interest rate?

[ferdinandch]

Because of slippage...ask your broker to get a rate reduction for you.

I will, after my fixed period expired. I just fixed my loan for 2 years for 4.99%.

How to calculate comparison rate for my case, if I don't pay annual fee, exit fee etc (because I didn't move lender). The only fee I pay is $10 account fee for the offset account - which actually has nothing to do with the fixed rate itself.

 

[Deltaberry]

You're completed ripped off.

 

[Aaron_C]

How to calculate comparison rate for my case

Comparison rates for fixed rates are meaningless.

 

[Rolf Latham]

You are probably getting ripped off, well you can try to switch banks. Some banks offer to pay for the exit fee.

But also consider maybe the bank didn't give you the lowest interest rate because they see you as a higher risk.

if you have a personal loan or bad credit history or they wanted 6 months worth of pay slips but you only provided 2.

pretty rare for mainstream lenders to price to that level.

if the deal is bad they dont want it, pricing for risk is pretty much limited to LVR variations

t
arolf

 

[Rolf Latham]

I will, after my fixed period expired. I just fixed my loan for 2 years for 4.99%.

How to calculate comparison rate for my case,

Hi Ferdinand

Your broker or banker will be able to do this for you based on the expected revert rate once you go back to variable

t
arolf