Test Your Loan With the Australian Lenders' Index

Find out what your loyalty is costing you.

Please enter loan amount

Brought to you by
Data provided by Finware, the Reserve Bank of Australia
and each lenders' website.


The potential savings across 3717 Australians

Testing your lender now...


2008 March

Your journey begins here when the average home loan rate across the four major lenders was 8.66%

Back then, your loan with Commonwealth Bank could have been costing you around 25,860 per year in interest.

In July 2009, Commonwealth Bank's interest rate had changed to 5.24%.

At that time, this was the lowest interest rate of the major lenders considered.

Less than a year later, in July 2009, Commonwealth Bank's interest rate had changed to 5.24%

At that time, this was the highest interest rate of the major lenders considered.

Then, in November 2010 the RBA increased rates by 0.25%.
2010 November

2 days later, Commonwealth Bank increased their interest rate by 0.45% - almost double the RBA cash rate change.

On average, over the last 5 years, Commonwealth Bank passed on a rate increase in 4 days but took 9 days to pass on a cut.

2013 March

Commonwealth Bank only passed on the full rate cut 6 out of those 12 times.

In comparison to the most competitive lender identified by the Australian Lenders' Index Commonwealth Bank's interest rate movements may have cost you an additional $8,000 in interest and monthly fees over the past 5 years.

Commonwealth Bank's price on loyalty.

Over the life of your loan this test has revealed a potential saving of $12,000

For the first time ever 1300HomeLoan and their network of brokers are able to reveal insights into the historical interest rate performance of lenders.

To find out which lenders have offered the most competitive rate over the last five years, call 1300HomeLoan (1300 466 356) or simply fill out your details below:


This test is based on the standard variable professional pack interest rate of lenders compared and has certain assumptions that may not hold true to all situations and circumstances. Interest Rates and Fees may vary over the life of the loan. Past interest rate performance is not necessarily indicative of future interest rate performance. Loan Switching Costs have not been considered and may vary with each lender. Potential Savings are based the assumption that your loan has a 30 year term and interest calculated monthly.
For further information please refer to How Test Your Loan works, Terms and Conditions, Privacy Policy or Disclaimers.