subscribe to our newsletter
Online mortgage marketplace offers insurance rebate

Online mortgage marketplace offers insurance rebate

HashChing is offering customers who settle a new mortgage through its platform a 25 per cent rebate off the premium of a one-year home insurance policy.

Launched in partnership with CGU Insurance, the offer will see customers receive an email with a link to generate an online insurance quote (with options available for building, contents, and building and contents insurance) on approval of their new or refinanced home loan. 

Once finalised and paid for, HashChing will rebate 25 per cent of the written premium (excluding GST and taxes) for the first year to those who settle within three months of the policy period. 

HashChing CEO Mandeep Sodhi commented: “Saving money for our customers is at the heart of our business, and now that we’ve conquered the process of offering the best home loan deals on the market, securing a great deal on home insurance – which is mandatory for property purchases – is our next target. 

“We’re always looking for ways to make the home loan process smoother and more efficient, and by offering a healthy discount from well-respected insurance provider CGU Insurance, we’re eliminating that last source of friction for home loan settlement on behalf of our customers.” 

CGU Insurance’s national relationship manager Stephen Hamilton said the company was “pleased to partner with HashChing to offer mortgage customers the option to take out home insurance”, adding: “At CGU, we’re always looking for ways to help customers and provide a seamless experience, and this is a great example of that.” 

[Related: Banks and tech players in digital mortgage race]

 

Online mortgage marketplace offers insurance rebate
mortgagebusiness logo

Latest News

The rapid growth in dwelling values over the past decade is unlikely to be replicated in the near future given current housing market cond...

A new study from the Reserve Bank of New Zealand (RBNZ) seeks to demonstrate how applying limits to loan-to-value ratios (LVR) helped de-ris...

Delinquencies on prime residential mortgages are rising while those on non-conforming mortgages are falling, the latest data from Standard...

Promoted Stories

podcast

LATEST PODCAST: Wayne Byres on mortgages, trusted brands and broker remuneration

Do you expect access to credit to get harder this year?