LOAN COMPARISON CALCULATOR
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WHAT OUR CUSTOMERS SAY
Don't just take out word for it
ANGUS
Panorama
My wife and I had an incredible experience working with Elliot as our mortgage broker. From start to finish he was responsive and extremely helpful. He provided a number of lenders with pros and cons, assisting us with what would work best for us. He took the time to explain the whole finance process to us, notifying us of any additional costs from the chosen lender. This was greatly appreciated as he assisted us with re structuring our accounts.
He helped with moving from start to finish from our current bank through to our new lender including all steps along the way (insurance etc). He was contactable at any time, this made the process stress free and easy, keeping us informed as the loan moved through. With Elliot we felt supported the whole way through and we were extremely happy with the service.
We highly recommend Loan Theory to anyone seeking expert loan advice and support. Loan Theory provides an approachable, professional and friendly service.
FREQUENTLY ASKED QUESTIONS
Here to answer all of the tricky questions
If a calculator can compare loans, why would I need a broker as well?
A calculator can only compare the numbers you feed into it, based on rates and features that are publicly advertised. A broker can access rates and deals that are not always advertised, knows which lenders are more flexible on servicing for your specific situation, and can tell you if a cheaper looking loan actually has conditions that make it a poor fit for you.
Where can I get the lender information to fill in this comparison calculator?
You can find rates and fees on lender websites or your current loan statement, but honestly the easiest option is to skip the digging and reach out to Loan Theory. We can step you through it and pull the numbers together for you, so you are comparing accurate figures rather than guessing.
Why does the calculator include fees in the monthly cost, not just the repayment?
A loan with a lower interest rate can still end up more expensive once you factor in ongoing fees like account keeping or package fees. Including fees in the monthly cost gives you a more realistic picture of what each loan actually costs you day to day, not just the headline rate.
How is the potential savings figure calculated?
It compares the total cost, meaning interest plus fees, of the loans you have entered and shows you the difference between the most expensive and the cheapest option. This gives you a rough idea of what switching or choosing differently could be worth over the loan term, based purely on the numbers you provided.
