AFG’s loan comparison tool stands out for helping Australians find the best home loan options in minutes. By customising loan amounts, terms, and rates, you receive tailored results that ensure clarity and confidence in your choices.

The tool allows users to compare two loans directly, revealing potential savings that could reach over $39,000. Adjustable inputs for upfront and ongoing fees, introductory rates and terms, help you visualise monthly and total payment differences instantly.

Loan 1 features an initial monthly repayment of $2,397.08 and ongoing monthly repayments of $2,824.90 over the term. Loan 2 starts at $2,499.70 monthly but drops to $2,706.55, leading to total payments of $967,213—$39,882 lower than Loan 1, highlighting the savings potential of careful comparison.

How to Apply for an AFG-Recommended Home Loan

1. Enter the loan amount and desired term using the calculator.
2. Input details for each loan option: upfront and ongoing fees, interest rates (intro and ongoing), and introductory periods.
3. Review the instant comparison chart and savings breakdown.
4. Contact AFG by calling 1300 130 987 or submitting an online enquiry to get in touch with a local broker.
5. Speak to a broker for personalised guidance and finalise your application.

Major Advantages

AFG’s calculator is easy to use and makes comparing home loans simple. You can see potential savings up front, which empowers you to make better financial decisions.

The ability to tailor your comparison to your specific needs makes the tool suitable for both first-home buyers and refinancers.

Key Drawbacks

As an independent reviewer, note that actual savings depend on your circumstances and market variation. Only two loans can be compared at once, limiting options.

Also, while the tool is a great guide, you still need to speak with a broker for a full assessment and to move forward.

Unbiased Verdict

AFG’s loan comparison tool offers clear, immediate insights for Aussies wanting to save on home loans. It’s a convenient, independent way to start your journey towards the right mortgage, supported by expert advice.