The Mozo office is buzzing amidst the announcements of the 2019 Mozo Experts Choice Award winners, with one particular online lender taking out one of the major gongs with a loan feature being touted as a “credit card killer.”
Loans.com.au took home the Mozo Experts Choice Award for Best New Feature with its ZIP Debit Card, an interest-free $5,000 credit facility, which borrowers access with a visa debit card.
With the growing cost of living causing Aussies everywhere to tighten their belts, Peter Marshall, Mozo’s Data Manager and Mozo Experts Choice Award judge called this feature, “a novel solution for a growing problem.”
“The ZIP Debit Card is especially handy for home buyers looking to do things like furnish a new house or cover unexpected moving expenses without having to borrow more and as a result, have additional interest costs. It’s a great budgeting tool that adds real value to the ZIP Home Loan,” he said.
Aside from being innovative, our experts also highlighted the ZIP Debit Card as being cost-friendly, with a 0% p.a. interest rate, no fees and $100 monthly repayments to keep you on track.
Read all about the loans.com.au ZIP Home Loan below, or in our full Mozo review.
But that’s not the only Mozo Experts Choice Award loans.com.au won. Its Essentials Variable Home Loan also took home a win in the Low Cost Home Loan category. Its low variable rates and flexible repayment features, like free extra repayments and a redraw facility, were just some of the stand out features contributing to its win.
“The rate offered by loans.com.au are always up amongst the best in the market and it’s great to see that after all these years they are still continuing to not only push the boundaries and innovate, but also back that up with genuinely good value products,” Marshall said.
Here are some of the finer details of the award-winning products: