Online lenders are back with a roar, taking on the banks with competitive low rates and responding to consumer demand for faster, more efficient approval and funding processes for home loans, personal loans and even business loans.
According to CoreLogic, property prices have risen by +8.3% in the last year – more than completely recovering their -7.5% fall in 2022. Now, between interest rate rises and prices, home loan affordability is top of mind for Aussie home buyers.
If you’ve been looking to refinance to a competitive rate with flexible features, Qantas Money’s ground-breaking home loan is here to show you that you can expect more.
If you’re one of the millions of mortgage holders who has built up substantial equity in your home, you may not know it, but there is a battle taking place right now for your home loan. With home loan interest rates steadily increasing some challenger banks and lenders have been tweaking their home loans and are offering borrowers with low loan-to-value ratios (LVRs) lower interest rates, loyalty bonuses and even cashback in a bid to woo them away from the Big 4, where the current average^^ owner-occupier variable home loan rate sits at 7.29%.So, if you’ve been feeling the pinch of higher repayments lately and you’re likely to qualify for refinancing, take a closer look at what these loans have on offer to see how they stack up...
Finding the right home loan could mean the difference between tens of thousands of dollars in interest saved over the life of a loan, but Aussie borrowers can be forgiven for finding it hard to pick the best option given the mountain of different lenders and rates available.
Aussie borrowers looking for lower rates, faster approval processes and flexible lending terms are deserting the big banks in earnest for more competitive smaller lenders, and in 2023 a handful of rival lenders in particular stand out from the pack.
If saving money on your home loan in 2023 is what you’re after, then you've come to the right place. Discovering a great value home loan could mean the difference between tens of thousands of dollars saved in interest over the course of your loan, but in practice it can be hard to find the best option amongst the dozens of different lenders and rates on the market.
These days, Aussies have more choice than ever before when it comes to borrowing money, and as everyone searches for faster, easier ways to control their finances, online lenders are emerging as real challengers to the big banks.
2023 is shaping up as the year of the online lender, with rising rates driving borrowers away from the big banks and a whopping six in ten borrowers in Australia now considering low cost loans from online lenders instead.
With rising rates driving borrowers away from the big banks and a whopping six in ten borrowers in Australia now considering low cost loans from online lenders instead, 2023 could shape up to be the year of the online lender.
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