Meet the online lenders saving Aussies millions

Our verdict

Not only is ING one of Australia’s largest 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 simple, great value loans direct to customers. The ING Mortgage Simplifier has a great 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 little wonder that so many borrowers are switching to ING.

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

Our verdict

As one of the top online banks in our database, UBank has our seal of approval when it comes to offering Aussie borrowers the best bang for their buck. Why? Well, for one, with no fees, an ultra low interest rate and plenty of flexible payment options, the UHomeLoan Discount Offer is pretty hard to argue with. Plus, UBank is backed by NAB so you get all of the savings an online lender can offer, as well as the security of big bank backing. It’s 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

Aussie owned loans.com.au has been taking on the banks with low rate online home loans since 2011, and the Smart Home Loan is guaranteed to get borrowers switching. This no-fuss mortgage has all the features you want and none you don’t - you can make unlimited extra repayments and access a free redraw facility, without paying a premium for bells and whistles like an offset account. Plus, they've done away with pesky fees as well. 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 >>

Macquarie's smart online technology is designed to make it easier to apply for, and manage, your home loan. Macquarie has also upped the ante on the value front, with a competitive new fixed rate that lets you lock in at close to 2 percent for 2 years without sacrificing flexibility. You can access free redraws via Macquarie Online, create up to six loan accounts with different rate and repayment types, and mange your accounts all in the one place using the state-of-the-art Macquarie app. Available to borrowers with a minimum 70% LVR.

Where do I get it? Head over to Macquarie 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

Are you in the market for a car loan to get you behind the wheel of your dream car? With Wisr’s competitive fixed loan rates for borrowers with good credit, you’ll be able to borrow between $5,000 and $50,000 to get you on the road sooner. Together with no early repayment fees and no ongoing fees, the Wisr Secured Car Loan could be just what you have been looking for.

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