New way to borrow takes Australia by storm

Our verdict

Popular online lender loans.com.au has been taking on the banks since 2011, and the Smart Home Loan is really getting borrowers switching. The low variable rate is a bona fide mortgage crusher, and they've done away with pesky fees as well. This no-fuss mortgage has all the features you want and none you don’t - you can make unlimited extra repayments and free redraws without paying a premium for bells and whistles like an offset account. If you’re borrowing $1 million or less and have at least a 20% deposit saved up, the Smart Home Loan really is a smart choice.

Where do I get it? Head over to loans.com.au to find out more >>

Our verdict

As one of Australia's top-rated online banks, UBank has our seal of approval when it comes to bringing Aussies the best value when it comes to their mortgage. Just how do they do this? With no fees, a super-low interest rate and plenty of flexible payment options to suit you, the UHomeLoan Discount Offer is pretty hard to miss. Plus, UBank is backed by NAB so you score all of the savings an online lender can offer, together with the security of a big bank behind it. This loan is available for loans of $200,000 or more, with a 20% deposit.

Where do I get it? Head over to UBank to find out more >>

Our verdict

Not only is ING one of Australia’s biggest direct lenders, they are also Australia’s most recommended bank, and for good reason. An original pioneer of low cost online lending, ING is changing the way Aussies borrow with easy, great value loans direct to customers. The ING Mortgage Simplifier has a fabulous low interest rate for owner-occupiers and charges no ongoing or upfront application fees. Together with free extra repayments and a free redraw facility, it's not hard to see why so many borrowers are switching to ING.

Where do I get it? Head over to ING to find out more >>

Our verdict

OurMoneyMarket offers low rate personal loans for borrowers with excellent credit, with a super fast online application process that guarantees you a decision in just 1 minute. This competitive unsecured loan lets you borrow between $2,000 and $50,000 at a simple fixed interest rate that can be repaid weekly, fortnightly or monthly over 1 to 7 years. There are no monthly account keeping fees, no exit fees and no early repayment fees. 

Where do I get it? Head over to OurMoneyMarket to find out more >>

Our verdict

If you're in search of a car loan that could save you thousands in interest repayments, this online car loan deal from Beyond Bank might be just what you're looking for. It features a low 4.89% fixed rate (5.16% comparison rate*) and there are no ongoing loan fees to pay. Flexible benefits include free extra repayments, free redraw and an optional offset account to help you reduce interest over the term of your loan.

Where do I get it? Head over to Beyond Bank to find out more >>