@puerazaelis You’re assuming comparison is the only thing someone looks at, and then trashing the entire measure on that basis.
If I was getting a loan now, I wouldn’t get fixed. So comparing CBA vs UBank, let’s assume $400k at 80% LVR.
CBA has the standard variable for 6.09% (comparison 6.47%), that already tells me there are additional fees (hence a useful measure). They also have the extra home for 6.04% (comparison 6.05%). So now I consider if the first one has features that are worth it to me. And it might, who knows, this was done on a quick scan.
UBank has 5.54% (comparison 5.56%), that to me seems much lower. So if I’m going to talk to the banks, I already have a front runner in mind.
Edited for correct CBA rates at 80%