Home Loan Key Facts Sheet
A Key Facts Sheet is a simple and quick way to compare home loans from different lenders. It is provided in a standard format so you can compare loans side-by-side, tailored to a specific loan product, loan amount and loan term.
Apart from basic information about the loan like interest rate, repayments and fees, it also lists the total amount to be paid back over the entire term plus a personalised comparison rate. These two figures can then be used to help compare different loans for your loan amount.
The Key Facts Sheet also provides other useful pieces of information like:
how much would repayments increase by, if interest rates increased by 1% or
if you increased your repayments by $200 per month, how much quicker would you pay off your home loan.