New Mastercard BNPL program, Newcastle Permanent supports Aussie Music Industry & car loan pre-approval: This week’s best banking news
- Homeloans.com.au launches new Green Loan
- New ‘Mastercard Instalments’ program to shake up BNPL market
- Regulators to reform home lending as property prices continue to rise
- Suncorp offers solar cashback for home loan customers
- Newcastle Permanent supports Australian Music Industry
- Funding your post-lockdown car purchase with a pre-approved car loan
All in this week’s best banking news recap: editor’s pick.
Homeloans.com.au launches new Green Loan
With increased concerns about the planet, we’re seeing more and more lenders come out with green financial products, giving Aussies greater choice when it comes to making more energy-efficient and environmentally conscious purchases.
Next to join the bandwagon is online lender homeloans.com.au, who’ve just launched a new Green Loan. Available to existing customers, this new loan can be used to fund a range of eligible green purchases, like installing solar panels or electrical energy storage.
The new Green Loan must be used as a top-up to an existing home loan with homeloans.com.au.
Read full article: homeloans.com.au launches a new Green Loan to learn more about this new green product.
New ‘Mastercard Instalments’ program set to shake up the BNPL market
According to Mastercard, its new ‘Mastercard Instalments’ program is set to shake things up in the BNPL later sphere.
“At the heart of it, payments come down to choice – and people want more from their money with greater flexibility and control in how they pay and where they shop,” said Mastercard’s chief product officer, Craig Vosburg.
Read the full article: New ‘Mastercard Instalments’ takes on BNPL’s big players to get the full scoop!
Regulators to reform home lending as property prices continue to rise
According to Treasurer Josh Frydenberg, high debt-to-income ratios are the main focal point of the week for home loan reforms.
“While no definitive plans have been laid, regulators are faced with the task of curbing risks associated with high-debt home loans that have risen in a property market with record-low interest rates and surging housing prices,” said Mozo Money Writer Olivia Gee.
Read the full article: Regulators to reform home lending as property prices continue to rise to hear more.
Suncorp offers solar cashback for home loan customers
This just in: Suncorp has just announced a hot new solar cashback offer for home loan customers.
According to Suncorp, both new and existing home loan customers who have a solar power system (or will have one installed before 31 December 2021) could be eligible to receive a cashback bonus.
This means that new eligible home loan customers can score up to $3,000 cashback! Eligible existing customers who have an eligible solar power system installed, on the other hand, can apply for a $500 cash back reward.
Read the full article: Suncorp offers solar cashback for home loan customers to learn more.
Newcastle Permanent supports Australian Music Industry
Now here’s a fun story to end your week: Customer-owned bank Newcastle Permanent have teamed up with Charitable Foundation partner, Musicians Making A Difference (MMAD), on an innovative solution to help support the Australian music industry.
Newcastle Permanent have replaced its old customer service hold music with 'For The First Time', a song performed by MMAD Ambassador and 2016 Australia’s Got Talent winner Fletcher Pilon.
Newcastle Permanent have also agreed to cover the associated music licensing fees - meaning that any revenue generated from its use of the song will go straight back into funding MMAD’s charitable programs and services for young Australians.
Read the full article: Newcastle Permanent supports Australian Music Industry to get the full story.
Funding your post-lockdown car purchase with a pre-approved car loan
Patiently waiting for lockdown to end so you can go out and treat yourself to a new set of wheels?
Well, if you plan on taking out finance to fund the purchase, then you might want to consider getting pre-approved for a car loan. That way, when you find the car you want, you can get the ball rolling with the peace of mind that you’ll be ready with the money to seal the deal.
Read the full article: How a pre-approved car loan could fund your post lockdown vehicle purchase to learn more about the pros and cons of car loan pre-approvals.
Revving up to get yourself a ride? Then be sure to take a look at our car loan comparison tool below so you can compare car loan options today:
Compare Car Loans today - rates updated daily
New Car Loan
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over 5 yearsDetails
Read our Mozo Review to learn more about the loans.com.au New Car Loan
FixedInterest ratecomparison rate4.89% p.a.to 9.99% p.a.5.44% p.a.to 10.56% p.a.based on $30,000
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Read our Mozo Review to learn more about the Plenti Car Loan
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Read our Mozo Review to learn more about the SocietyOne Car Loan - Excellent Credit
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Read our Mozo Review to learn more about the Wisr Secured Car Loan
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Fixed, SecuredInterest ratecomparison rate4.69% p.a.5.01% p.a.based on $30,000
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Read our Mozo Review to learn more about the Beyond Bank Low Rate Car Loan Special Offer
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