Just bought your first home and want smaller repayments to begin with? Our free introductory rate loan calculator shows you exactly what you’d pay during the discount period. It also shows what your repayments look like once that period ends and the standard rate kicks in.
An introductory rate loan starts with a lower rate, then switches to the lender’s standard rate after 6 to 24 months. Our intro rate loan calculator shows both sides, your discounted repayments now and what they’ll jump to once the honeymoon ends. Enter your loan amount, intro rate, period, and revert rate to see the full picture. Whether you’re a first home buyer in Melbourne’s west or elsewhere in Victoria, it helps you budget ahead instead of getting caught out later.
Everything you need to know about using our introductory rate home loan calculator.
An introductory rate loan (or “honeymoon loan”) offers a discounted interest rate for a fixed period at the start of the loan. It then reverts to the lender’s standard rate, and it’s designed to lower your repayments in the early months of the mortgage.
Most introductory or honeymoon periods run for 6 to 24 months, depending on the lender and loan product. After that, your rate and repayments switch to the lender’s standard variable or fixed rate.
Once your discount period is up, your rate jumps to whatever the lender’s standard rate is, and that’s usually higher than what you’ve been paying. Your repayments will go up too, so it pays to know roughly what that new number looks like before it actually happens.
Not necessarily. Repayments are lower during the introductory period, but the standard rate that follows may be higher than rates available elsewhere. The comparison rate gives a clearer picture of the total cost over the full term.
This rate compares the introductory rate, the revert rate, and most of the fees that you’ll pay over the course of the loan. It gives you a more true picture of the costs than just the headline discount.
Yes, though some lenders charge exit or discharge fees for refinancing early. It’s worth weighing that cost against what you’d save once your rate reverts.
No. They’re most common on variable loans, but some lenders offer a discounted fixed-rate period too. Our brokers can help you find the structure that suits your situation.
We compare introductory rate offers across 52+ lenders, factoring in the revert rate and comparison rate, not just the headline discount. That way, you choose a loan that stays affordable after the honeymoon ends.
From borrowing power to repayments, explore every calculator you need to plan your next move.
Check what you’d pay now, and what’s coming once your rate changes, then chat with a broker about locking in something that works long term.
Credit Hub Australia
Join our dynamic team at Credit Hub Australia as a Finance/Mortgage Broker in our conveniently located Point Cook office, close to the freeway and train station, with free parking available.
In this role, you will be responsible for providing personalised mortgage solutions to our valued clients and also managing your colleagues by co-ordinating the allocation of files and general day to day running of the broker team. With a focus on delivering exceptional customer service, you will guide clients through the entire mortgage process, from initial application to final approval.
“Position is for Mortgage broker on commission/contract basis.”
Sales, cold calling, and networking come naturally to you. You thrive on engaging with prospective clients to understand their unique financial needs and goals.
You will act on leads and existing database as provided and generate sales and ongoing relations.
Actively participate in team meetings and contribute to the overall success of the business
You are an existing broker with proven experience in Mortgage Broking or lending abilities, or in a similar financial services role looking to take your career further with a successful Mortgage house.
In-depth knowledge of the Australian mortgage market, including products, policies, and regulatory requirements.
Excellent communication and interpersonal skills, with the ability to build lasting relationships and earn client trust.
A strong commitment to delivering outstanding customer service and consistently exceeding client expectations.
Self-motivated and capable of working independently, while also thriving in a collaborative team environment.
Relevant industry qualifications, such as a Certificate IV in Finance and Mortgage Broking.
Ability to manage multiple tasks, stay organized, and work reliably without supervision.
A results-driven mindset with a strong sales focus, coupled with exceptional work ethic, time management, and multitasking abilities.
At Credit Hub Australia, we are committed to providing our team with a supportive and rewarding work environment. Some of the key benefits of joining our team include:
Credit Hub Australia is a leading provider of mortgage and finance solutions, with a strong presence in the Point Cook in the Western Suburb of Melbourne and surrounding areas. Our mission is to empower our clients to achieve their financial goals by delivering personalised, expert advice and exceptional customer service. We are a dynamic and growing team, driven by a passion for helping our clients and making a positive impact on our local community. We are with Finsure as an agrregator Group.
If you’re ready to take the next step in your career as a Mortgage Broker, apply now to join our team at Credit Hub Australia.
