Loan Comparison Calculator
Confused with the several borrowing options available?
Unless you’re a financial advisor, it can be difficult to determine which loan will be suitable for you. That’s why Your Mobile Broker has built a loan comparison calculator. It’s an easy tool to compare your loan options side by side and find the best option for you.
Loan comparison calculators to help you work out your financial position
With the help of our loan comparison calculator, you can find the best home loans for you. All you have to do is enter the amount you wish to borrow and the worth of your dream home, and it will work out the suitable loan options.
Benefits of using a Loan Comparison Calculator
Here are some benefits of using a loan comparison calculator:
- It helps you compare different home loans available
- It compares more than just interest rates. Instead of lower interest loan, it helps you find the best value loans.
- It’s easy and quick.
What should I consider when comparing loans?
There are a number of factors that should be taken into consideration when comparing loans:
- Your loan amounts
- The loan period
- The interest rate
- Any other repayments you’re making
- Offset account
- Redraw facility
While not every lender will offer extra flexible features, you should consider a lender who does. These features give you an option to repay the loan faster. However, extra features might also mean higher fees or rate. So, choose carefully.
What’s the comparison rate and how do I use it?
When you’re researching home loans, you’ll see a comparison rate along with the interest rate. Just because a loan has a lower interest rate, doesn’t mean it’s the better option. This comparison rate considers the interest rate and loan fees to give you an idea of the loan’s cost. By analyzing this rate, you will be able to gauge the value of a loan. However, this will just guide you about a loan and not your particular loan. If you want an accurate estimated, then use our loan comparison