Powered by MOMENTUM MEDIA
realestatebusiness logo

Subscribe to our newsletter

Online lender awarded cheapest home loan

Online lender Loans.com.au has Australia’s cheapest home loan according to 25,000 customers who voted in Mozo’s People’s Choice Awards 2014.

Loans.com.au is backed by non-bank lender Firstmac, whose managing director Kim Cannon said the award was validation of the company’s streamlined online lending model.

“Loans.com.au has gone from strength to strength since it opened in 2011, and not without its share of detractors who speculated customers wouldn’t want a home loan from a lender without a branch network,” Mr Cannon said.

“This People’s Choice Award confirms for us that we were right to rely on the online model we built to keep costs down with the mission of offering the market’s lowest interest rates,” he said.

This year more than 200 home loan providers were ranked by their customers for the Mozo People’s Choice Awards.

Advertisement
Advertisement

Loans.com.au scored 9.2 out of 10.

Mr Cannon said there was no secret formula for the online lender’s performance.

“The world over, the relationship customers want from their lender is changing and Loans.com.au took early steps to cement its place online,” he said.

“Loans.com.au is all clicks, no bricks. Because we don’t have the overhead of a branch network to maintain we can pass on savings to our customers and offer very competitive home loans. Once again, the people have spoken and voted loans.com.au Australia’s cheapest home loan.”

Loans.com.au is backed by Firstmac, a wholesale lender with $6 billion in mortgages under management.

 

Online lender awarded cheapest home loan
mortgagebusiness

Latest News

The chief executive and executive director of Westpac Life is set to become the new CEO of Heartland Bank. ...

Wages growth has slightly lifted, up to its highest annual rate since 2018, with all eyes now shifting to watch for what the Reserve Bank do...

ANZ has shifted its forecasts around the housing market, expecting rising mortgage rates to drag prices by 3 per cent this year. ...

VIEW ALL

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

What is the maximum proportion of income borrowers should use to service a mortgage?

Website Notifications

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