The "Calculator" utilises information supplied by the User and assumptions made by the Calculator to provide a guide only.

The Calculator demonstrates the potential cashback that may be generated by clients of Mates Rates Mortgage Brokers ("Mates Rates"). The Calculator also demonstrates the potential savings that may be generated by crediting all cashback payments to the loan as received.

Actual results will depend upon future interest rates, future commission structures, future repayment amounts including additional repayment amounts; and other factors such as offset accounts and specific product features. The information produced by the Calculator is not an indication of nor is it intended to predict future interest rates, fees or charges that may apply to any loan.

Approval of all loans and credit cards are subject to the Credit Provider's individual lending criteria and no assumption can be made that a loan will be advanced by a Credit Provider as a result of information obtained from us or the Calculator.

We accept no liability for any expenses or losses that any person or entity may incur as a result of relying upon the Calculator or information provided by us or produced by the Calculator. You should obtain independent taxation and investment advice from a qualified accountant and a qualified financial advisor.

The Calculator makes a number of assumptions including:

• Mates Rates charges clients a fee of 0.65% of the loan amount which is taken from the upfront commission. The fee is a Lender Commission Leveller ("LCL"), meaning that when the upfront commission is higher than the LCL, the difference is credited to the loan at commencement. When the upfront commission is lower than the LCL, the difference is debited to the loan at commencement.
• Mates Rates charges clients an Administration Fee of $10 per month to manage the credits of cashback to their nominated loan or account. The Administration Fee is debited from the cashback credit (being equal to the trailing commission) in month 3 after commencement of the loan and monthly thereafter until the cashback credit is less than the Administration Fee, at which juncture the cashback credit and the Administration Fee cease.
• Cashback credits relating to month 1 of the loan are credited in month 3 of the loan and then monthly thereafter.
• The loan is a 30 year, Principal and Interest loan, in which both the principal and the interest are paid during the term of the loan and whereby interest is calculated daily and charged monthly in arrears. For the purposes of the simulation, a month is calculated as 365.25 days divided by 12.
• Apart from fees mentioned herein these Assumptions and Disclaimers, no other fees (e.g. application, valuation, settlement or periodic fees) are factored into these calculations. Mates Rates will provide quotes in relation to specific products to disclose and factor any such fees when you request its services.