Redraw
	Comparison Rate
	Exit Fee or Early Repayment Penalty

Redraw: Redraw is the funds paid in excess of your minimum loan repayments. For example, if you had to pay a minimum of $500 per month on your loan and you were actually paying $1,200 per month you could redraw $700 per month from your loan, or after five months you could redraw $3,500, if you needed it.
top

Comparison Rate: All lenders must disclose a benchmark comparison rate in their advertising of home loans and personal loans. This Comparison Rate is designed to reflect the total annual cost to a borrower of a loan, by expressing the interest and fees into one rate.
top

Exit Fee or Early Repayment Penalty: Fee imposed by some lenders if a loan is repaid before the end of its term or if the borrower has sought to refinance with another lender within the first few years of the loan.
top