Difference between an interest rate and the comparison rate?

Nbhlhomeloans17 Aug, 2021Finance

A home loan interest rate only indicates how much interest you will be charged annually on the principal balance of your loan, which affects your monthly installments. Comparison rates, on the other hand, compare the overall cost of the loan per year, which includes the majority of the fees and charges that may arise at the start of the loan or throughout the year. For more information, please visit the North Brisbane Home Loans website.