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Interest Rates
Comparing the Interest Rates of Australia’s Major Banks
ANZAustralia and New Zealand
Banking
Credit Cards
• ANZ provides and extensive range of credit card options.
• Some options (‘low interest rate’) have a 0.0% pa rate on balances for 6 months.
• Average rate is approximately 20.74% for purchases.
Home Loans
Fixed Rate• Begins at 6.84%pa and is
8.51%pa for 10 years.• 1 to 5, 7 and 10 year fixed
rate terms available.
Variable Rate• 7.41%pa is the current rate
for variable.• Loan term can reach a
maximum of 30 years.
Personal Loans
Personal Loan• Variable and fixed rate
available.• Loan term spans 1 to 7
years.• Borrow $5,000 minimum.
Car Loan• Loan term spans 1 to 5
years.• Amount of finance must
exceed $7,500.
Commonwealth Bank
Credit Cards
• Low-rate cards have rate of 13.24%pa.
• Other cards have rate of 20.49% on purchases.
• Student card offers rate of 19.99%
Home Loans
Fixed Rate• 1 to 5,7,10 or 15 year terms
available.• Rates begin at 7.09%pa and
reach 8.54% with 15 years.
Variable Rate• Loan term may reach 30
years.• Standard variable rate is
currently 7.36%pa.• Base variable rate is
currently 6.85%pa.
Personal Loans
Personal Loan• All personal loans have an
interest rate from 15.24%pa fixed and from 14.90%pa variable.
Car Loan• (Information in left hand
column)
NABNational Australian
Bank
Credit Cards
• Standard card has rate of 19.49%pa on purchases.
• Low rate Visa cards have rate of 13.24% on purchases.
Home Loans
Fixed Loans Variable Loans
Personal Loans
Personal Loan Car Loan• Fixed rate ranges from
15.80% to 16.65%• Variable rate ranges from
14.90% to 15.75%.
WestpacWestern Pacific Banking
Credit Card
• Most credit cards from Westpac have an interest rate of 19.64%pa.
Home Loans
Fixed Rate• 1 to 5, 7 and 10 year terms
available.• Interest rate is 6.84%pa.
Variable Rate• Range of variable options.• Variable rate is 6.81%pa for
basic home loan.
Personal Loans
Personal Loans• Personal Loans carry an
interest rate of 14.64%pa.
Car Loan• New cars have an interest
rate ranging from 11.49% to 12.99%pa.
• Used cars range from 11.99% to 13.99%pa.
Wizard
Credit Cards
• Interest rate of 12.99%pa.
Home Loans
Fixed Rate• Standard fixed rate ranges
from 6.64% to 7.79%pa.• Loan must range from
$50,000 to $100,000.
Variable Rate• Variable rates range from
7.19% to 7.36%pa.• Loans must range from
$100,000 to $350,000.
Personal Loans
Personal Loans• Loan rates start at
14.49%pa, and this is a fixed rate.
• Recommended borrowing amount is less than $3,000.
• Repayments may be made monthly, fortnightly or weekly.
Car Loans• Car rates start at 13.49%pa,
this is also a fixed rate.• Recommended borrowing
amount is less than $3,000.• Repayments may be made
monthly, fortnightly or weekly.