Loan Comparison Calculator
Compare two loans side by side to see how differences in rate, term and fees affect your repayments and total cost.
Loan A
Loan B
Difference in total cost
$1,749
Ready to take the next step?
We can connect you with a licensed specialist from our network who can discuss options relevant to your circumstances.
Compare two loans side by side
The advertised interest rate is only part of the picture. When you're weighing up two loans, the term and ongoing fees can change which one actually costs you less over time. This tool lets you enter a single loan amount and then set a different rate, term and monthly fee for each loan, so you can see how the numbers stack up on repayments and total cost.
What to look at when comparing loans
- Compare the comparison rate, not just the advertised interest rate.
- Add up ongoing fees over the full term — small monthly fees add up.
- Check whether extra repayments and early payout are allowed without penalty.
- Consider flexibility features like redraw or offset, not just the headline cost.
- Watch for a longer term that lowers repayments but increases total interest.
Once you've run the numbers yourself, Asset Connect Australia can connect you with an independent professional who may discuss available provider options. Eligibility, pricing and any costs are determined by the provider.
Related Reading
Guides from our blog that pair well with this calculator.
Are You Paying Too Much Interest? Real Dollar Examples
A rate that is 'only' a couple of percent too high can quietly cost tens of thousands of dollars. Here is what the gap really looks like on a home loan, car loan, and business loan.
How-To GuideWhy Use a Finance Broker Instead of Going Straight to the Bank?
One bank gives you one answer. A licensed broker can compare a whole panel of lenders — often with faster turnaround and a rate that actually fits your situation.
How-To GuideHow to Get the Best Business Loan Rate in Australia (Broker Comparison Guide)
The rate you are offered depends on more than luck. Here is how licensed brokers compare lenders on your behalf to sharpen your business loan pricing.
Frequently Asked Questions
This calculator provides estimates only, based on the figures you enter, and is intended as a general guide. It does not take your personal circumstances into account and is not financial advice, credit assistance or an offer of finance. Actual repayments, rates, fees and approval outcomes are determined by lenders and licensed professionals. Asset Connect Australia is a referral platform only — we can connect you with appropriately licensed professionals who can assess your circumstances.