What a comparison rate actually tells you
The comparison rate exists because advertised rates hide fees. Here is what it includes, what it leaves out, and why it never quite matches your loan.
June 2026 Read guide →
The loyalty tax
Find out what your old rate is costing you.
$378 a month
is the gap between your repayment and the same loan at 5.44% — the lowest rate on this site — over 30 years. On that rate you are already at or under the cheapest loan here. Nothing to switch for.
Sample figures. The comparison rate above belongs to a fictional lender, so treat this as a worked example of the arithmetic rather than a quote.
11 lenders · sorted by comparison rate · nothing paid for placement
18
Loans compared across variable, fixed, offset and investor products
11
Lenders on the table, sorted by comparison rate rather than by what pays best
3
Calculators that work on your numbers, not a marketing example
Today's sharpest
The five lowest comparison rates
Sorted by comparison rate, because that is the number that includes the fees. Open the full table to filter by deposit, features and loan type.
| Lender & product | Interest rate | Comparison rate | Monthly repayment | Features | Actions |
|---|---|---|---|---|---|
| Northwind Mortgage Co Low Rate Variable | 5.44% p.a. | 5.49% p.a. | $3,666 per month |
| Enquire |
| Harbour Mutual Essentials Variable | 5.49% p.a. | 5.52% p.a. | $3,687 per month |
| Enquire |
| Kestrel Financial Refinance Variable | 5.52% p.a. | 5.56% p.a. | $3,699 per month |
| Enquire |
| Kestrel Financial First Home Variable | 5.58% p.a. | 5.61% p.a. | $3,723 per month |
| Enquire |
| Vantage Home Loans Value Fixed 2 Year | 5.39% p.a. | 5.74% p.a. | $3,646 per month |
| Enquire |
No loans match those filters. Try widening your deposit or rate type.
Repayments assume principal and interest over the full term at the advertised rate and exclude fees. Comparison rates are based on a $150,000 loan over 25 years — the Australian standard — so they will not line up exactly with your own loan size.
How it works
Three steps, no sales call
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Set your numbers
Tell us the loan size, your deposit and whether you are buying to live in or to rent out. The table filters itself as you type.
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Compare the real cost
Look past the headline rate. We show the comparison rate, the ongoing fees, the upfront fees and the monthly repayment on your loan size — side by side.
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Enquire when you're ready
Found one worth a look? Send an enquiry and we will put you in touch. Nothing happens until you ask it to.
Calculators
Work out the number that matters to you
Repayment calculator
What a loan costs each month, each fortnight or each week — and how much of it is interest over the full term.
Work out repayments →Borrowing power
A realistic estimate of what a lender would lend you, including the 3% buffer they are required to stress-test against.
Estimate borrowing power →Refinance savings
What switching would actually save after costs, and how many months it takes to break even.
Check refinance savings →Why Beta Deal
Built to be read, not to harvest your details
Most comparison sites make you hand over a phone number before they show you a rate. We think that is backwards.
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Rates visible before any form
Every number on this site is on the page. No gate, no "get your personalised rate", no callback.
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Sorted by comparison rate by default
The honest ordering, not the one that pays best. Sort by whatever you like — the default is the fair one.
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The exclusions spelled out
We say plainly what a comparison rate leaves out, what the calculators assume, and where our figures come from.
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How we get paid, in writing
Comparison sites earn commission from lenders. Ours is disclosed on the about page, not in a footnote.
Guides
The bits lenders gloss over
How much deposit you actually need
The 20% rule, what happens below it, what LMI really costs, and the government schemes that change the maths for first home buyers.
June 2026 Read guide →
How lenders decide what you can borrow
Serviceability, the 3% buffer, expense benchmarks and the things that quietly shrink your borrowing power. What actually happens to your application.
June 2026 Read guide →
FAQ
Questions people actually ask
Does Beta Deal charge me anything?
No. Comparing loans and using the calculators is free. Comparison sites are normally paid a commission by the lender when a customer takes out a loan, which is why we show you how we are paid on our about page rather than burying it.
Are these real interest rates?
Not yet. Beta Deal is a new site and the rates currently shown are illustrative sample figures against fictional lenders, clearly marked wherever they appear. Once a live rate feed is connected, the tables will show real products and the sample notices will disappear.
Why is the comparison rate higher than the interest rate?
Because it includes most of the compulsory fees, not just the interest. It is the fairer number to sort by. Our guide on what a comparison rate actually tells you explains where it helps and where it misleads.
Do you show every lender in Australia?
No comparison site does. Some lenders do not distribute through comparison channels at all, and some products are only available direct or through brokers. Treat any comparison table — ours included — as a strong starting point rather than the whole market.
Is this financial advice?
No. Everything on Beta Deal is general information. It does not consider your objectives, financial situation or needs. Before applying for any loan, read the lender’s terms and consider getting advice from a licensed credit assistance provider.
Find out what you're overpaying
It takes about two minutes. Put in your loan size and current rate, and see where you sit against everything else on the table.