This calculator helps you to find out the true cost of the loan. It will take fees & charges associated with your loan into account along with interest rate. Hence, provide you with the actual cost of the loan including fees & charges in a percentage value. With this comparison rate you can easily compare various loans from different lenders. For the fees not taken into account, please see the note tab below. From 1 July 2003, the Australian Government made it mandatory to display a comparison rate for any advertisement of a credit rate – including home loans.