Amendments to the Consumer Credit Code have resulted in the introduction of comparison rate requirements for all auto financiers including GE Money.

Comparison rates are an additional form of disclosure to enable customers to understand the true cost of credit associated with a financier’s consumer loan products.

It provides a single measure that incorporates the annual percentage rate and certain fees and charges.

The rate is based on a formula in the Code which incorporates certain fees and charges paid by the customer.

The rate is calculated against terms of loans and amounts of finance regulated under the Code.

The availability of the comparison rate is to assist the customer compare different finance products between lenders.

Click here to view the current Comparison Rate Schedule for GE Money Auto Loans.

The Schedule is in Portable Document Format (PDF). If you do not have the reader for this format, you can click here to download an Adobe Acrobat reader free of charge.