Introductory Rate Loan Calculator
Use our simple calculator to calculate the total cost of an introductory loan including after the initial interest rate period.
Understanding Introductory Rate Loans
Introductory rate interest loans have been a popular option for those looking for the lowest interest rates – but does this come at a cost? What can sometimes be a very attractive starting interest rate, many introductory rate loans can revert to less competitive cost products later on. If you’re considering an intro rate loan, you need to consider:
- how long does the introductory rate last before reverting to a higher interest rate
- Is the higher interest rate more expensive than other basic home loan offers which don’t use introductory rate pricing?
- What is the cost to setup and discharge the loan if you want to refinance the loan when the interest rate rises
- Are there any other fees or costs which when you calculate them the product more expensive expensive when you refinance at a later date
Do you need assistance with finding out whether an introductory rate home loan is right for you? Speak with a broker today.
Disclaimer: The calculations do not take into account all fees and charges. The results provided by this calculator are an estimate only, and should not be relied on for the purpose of making a decision in relation to a loan. Interest rates and other costs can change over time, affecting the total cost of the loan. Borrowers should consider discussing their individual situation with a qualified Australian Credit Licensee or authorised Credit Representative.