When you're advertising an interest rate and/or loan repayments, regardless of whether or not it is directed at any lender, there needs to be a comparison rate which is just as clear as the interest rate you are promoting. Our recommendation is that you go onto the lender's website and check what the comparison rate for that product is and include that statement.
The 'recommended' comparison rate disclaimer:
Interest Rates are correct as at xx/xx/xxxx and subject to change at any time. The comparison rate is based on a loan amount of $150,000, over a 25 year term. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Terms, conditions, fees and charges apply and your full financial situation would need to be reviewed prior to acceptance of any offer or product.
Please send all advertising to email@example.com for review and approval prior to publishing