When you run a product comparison, the Product Rate can change depending on the loan size and LVR tier. Entering the full loan amount and LVR ensures the comparison applies the correct rate for the scenario you’re quoting.
Before you start
Make sure you have:
The full loan amount (total amount the client wants to borrow)
The LVR (loan-to-value ratio)
Enter the full loan amount
In your product comparison (or scenario inputs), enter the full loan amount for the deal.
Important
If the loan amount is partial or missing, the product comparison may apply the wrong rate tier.
Enter the LVR
Enter the LVR for the scenario.
Note
Rates can be tiered by LVR, so leaving this blank (or entering an incorrect LVR) can lead to an incorrect Product Rate.
Confirm the Product Rate applied
After entering both values:
Refresh or rerun the comparison (if required)
Check the displayed Product Rate aligns to the expected loan amount/LVR tier
Need help?
If you need help using product comparison in Mercury Nexus/Apply Online/Loanapp, contact your Partnership Manager or email [email protected].