Margin Loan Comparison Calculator - step-by-step guide

The Margin Loan Comparison Calculator helps you work out which BT Margin Loan suits you best.

Step 1:

Enter the following loan details into section 1 ("Enter your loan details" section):

  • Your average monthly loan balance in the "Loan balance" field. You will find this information on your last statement, or you can login to check your investments online.
  • Your typical monthly number of transactions* in the "Number of transactions per month" field. You will find this information on your monthly statements. A transaction is defined as any of the following: CHESS purchase; CHESS release; CHESS sale; CHESS transfer; Cash advance; Managed Fund application and redemption.

Step 2:

In the "Compare the cost of the two BT Margin Loans available" section, check that:

  • The BT Margin Loan current variable interest rate is 8.40% p.a. You can change this rate if you are currently on a different rate to this or simply want to compare the new BT Margin Lending_Online loan with another Margin Loan. (Note that the latter calculation will not include any transaction fees).
  • The "Fee per transaction*" field shows the relevant fee structure for your loan balance:
    • $5 fee per transaction* every month for average monthly loan balances under $20,000.
    • The first 5 transactions* are free in one calendar month. It's then $5 per transaction thereafter, where the average monthly loan balance is greater than or equal to $20,000 and less than $250,000.
    • Unlimited free transactions for average monthly loan balances over $250,000.

Step 3:

Click on the "Calculate your loan cost" button

Step 4:

The result will show the total monthly loan cost for each loan based on the details entered. According to your investment and transaction activity, you now have the option to:

  • Switch to the new BT Margin Lending_Online loan.
  • Do things differently. You can increase your loan balance or reduce the number of transactions per month, to get the most out of the new BT Margin Lending_Online loan. This saves you interest.
  • Do nothing and keep your standard BT Margin Loan.

To switch from a standard BT Margin Loan to the new BT Margin Lending_Online loan, download the Switch Form. Please read the Terms and Conditions of the BT Margin Lending_Online loan before completing and returning the Switch Form.