Comparison Rate Calculator

The comparison rate, or true rate, is the interest rate plus certain fees and charges related to the finance. This is can be more useful than the standard interest rate when comparing lenders.

Fields marked with * are required.

Comparison Interest Rate Calculator:

"Residual Value"

A lump sum owed to the financier at the end of a loan's term, expressed either as a dollar value or a percentage of the amount borrowed. If you are unsure whether you require a residual, leave this value as 0%.

*Loan amount:

*Term (length) of loan:

2 years 3 years 4 years 5 years 6 years 7 years

Residual / balloon (percentage):

%

Residual / balloon (amount):

*Interest rate:

5.00% 5.50% 6.00% 6.50% 7.00% 7.50% 8.00% 8.50% 9.00% 9.50% 10.00% 10.50% 11.00% 11.50% 12.00% 12.50% 13.00% 13.50% 14.00% 14.50% 15.00% 15.50% 16.00% 16.50% 17.00% 17.50% 18.00% 18.50% 19.00% 19.50% 20.00%

*Are payments made in advance?(i.e. at the start of the month)

• Yes
• No

Loan setup fee:(e.g. establishment fee, settlement fee)

Is this fee paid upfront?(as opposed to it being added to your loan amount)

• Yes
• No

Loan discharge fee:(i.e. fee paid when your loan ends)

Recurring fees:(e.g. monthly account keeping fee)

per Week Fortnight Month Year

Disclaimer: While we make every attempt to give you the best possible tools and information, Stratton Finance Pty Ltd, its agents, employees and accredited lenders will accept no responsibility for any loss that may arise.