Know your rights when debt collectors call
21st November 2024
Comparison Rate Calculator
Most people will be familiar with what an interest rate is. However, there can be differences in fees and charges which impact the actual cost of a loan.
Add to this that you may be considering a loan with an introductory interest rate and comparing the real cost of a loan product can become quite confusing.
That’s where the Comparison Rate comes in. A Comparison Rate takes into account those additional costs, and adds them proportionally to the standard interest rate. This produces a more accurate representation of the cost of different loan products. Use the calculator below to see how fees and introductory rates impact your Comparison Rate.
