Standard principal & interest, one fixed rate for the life of the loan, no offset account and no fees. Interest is charged at the nominal annual rate divided by the number of payments a year, which is how Australian lenders quote it — that is precisely why the true fortnightly payment saves so little and the half-the-monthly version saves so much. Lenders differ on whether they offer the second option and on whether they recalculate your minimum. Doesn’t include fees, stamp duty or LMI. Indicative only. Not financial advice.