Interest Rates / Fees
RHG recognises that the interest rate on your home loan is a major component, however it's not the only feature you should take into account when deciding on the product that suits you best. The current interest rates are detailed in the RHG comparison rate schedules.
What is the comparison rate?
A comparison rate is designed to indicate the "true" cost of a loan. It takes into account some of the costs associated with setting up a loan including the interest rate, the loan establishment fees and any other up-front or ongoing fees. The comparison rate doesn't include government fees and charges or any fees that are contingent or that are not ascertainable at the time of calculation.
Comparison rates:
Effective 1 July 2003, legislation was introduced that requires lenders to display the comparison rate in all credit advertisements where an interest rate is mentioned. The advertised comparison rate will be based on the model loan amount and loan term.
Why was this legislation introduced?
The aim of the legislation is to assist consumers to make comparisons between the different loan products offered by the various finance providers.
Comparison rate schedules:
Review RHG commparison rate Schedules:
Comparison rate schedule - Variable rates
Comparison rate schedule - Fixed rates
Comparison rate schedule - Pro Pack rates
Review RHG PS2 comparison rate schedules:
RHG PS2 Comparison rate schedule - Variable rates
RHG PS2 Comparison rate schedule - Fixed rates
RHG PS2 Comparison rate schedule - Pro Pack rates
RHG Fee Summary:
