Powered by MOMENTUM MEDIA
subscribe to our newsletter

Online lender adds free ‘value pack’ to home loans

Online lender loans.com.au has broken new ground with the launch of its ‘value pack’ that adds free property reports, financial planning, and a conveyancing voucher to its mortgages.

Firstmac managing director Kim Cannon, owner of loans.com.au, said the lender had doubled its efforts to drive competition in the home loan sector.

“Competition is fierce and loans.com.au is determined to stay ahead of the field,” Mr Cannon said, adding that the flood of borrower incentives made it difficult for customers to identify a good value home loan.

“The true cost or value of a home loan shows in the comparison rate, so borrowers should always look for the lowest interest rate and the comparison rate should be very close to the interest rate,” he said.

“With its value pack, loans.com.au has managed to retain the lowest variable interest rate in the country at 90 per cent LVR, bundled with free products and services that really help customers get off to the best start in their new home and on a path to building wealth.”

Advertisement
Advertisement

The value pack has a 4.54 per cent interest rate, 4.56 per cent comparison rate, free property report, $150 conveyancing voucher, Loan Tracker premium service, a 100 per cent offset facility, competitive rates on home and contents insurance, $500 worth of financial planning, and no monthly or annual fees.

“Buying a property is a stressful time when customers need simplicity and support,” Mr Cannon said.

“They don’t need gimmicks like cash back that coincides with the date; they need a genuine low interest rate and straightforward good value,” he said.

“The value pack offers customers tangible benefits in a timely way, with property reports to help make the purchasing decision with confidence, discounts and vouchers to make conveyancing and insurance cheaper, Loan Tracker to streamline the application process, and financial planning to keep financial goals on track.”

 

PROMOTED CONTENT


Online lender adds free ‘value pack’ to home loans
mortgagebusiness

Latest News

The RBA has cautioned lenders and the financial sector against “excessive risk-taking” amid rising asset prices, including looser lendin...

First home buyer loans hit its second highest level in over a decade in February, but levels are expecting to drop as house prices continue ...

A not-for-profit organisation has announced a new grant funding round for social and affordable housing projects in the Northern Territory a...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: Tackling the home deposit challenge

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.