Last updated on 18th August 2018

Home Loan Hunger Games: Why Half Of Aussie Borrowers Are Leaving The Major Banks

Property investors are leading the charge as Aussies vote with their feet and leave the banks behind.

This New Site Allows Aussies to Compare Loans from 25 Providers

With the Royal Commission into Australia’s banks in full swing, property owners are voting with their feet. Data from a new AFG report has shown that more people than ever before are choosing to take out loans from non-major lenders, and investors are leading the charge away from the big 4 banks*.

But why? While the big banks have traditionally been a safe-bet for Aussies, it’s given them licence to treat people as numbers and neglect their duty to do right by their customers. As the Royal Commission uncovers more and more dodgy practices within the banks’ profit-first culture, lenders are leaving in droves.

Smaller lenders are rushing to offer great deals to draw in new customers. With lower rates, no ongoing fees and bonus features, these loans are attracting the attention of property investors. But it’s not just investors who should be taking advantage of this value.

Whether you’re looking to refinance for a better rate or you’re shopping around for your first home, you can save with this free service. You can compare rates from trusted lenders across Australia, and get personalised advice from an experienced broker who’ll negotiate loan terms on your behalf.

Here’s How You Do It:

Step 1: Select your State below.
Step 2: After answering a few questions, you will have the opportunity to compare competitive rates and could be eligible for significant savings.

The difference even just a low rate can have on your bottom line is staggering. For example, on a $500,000 loan, the difference between paying a rate of 4.5% and paying 4% works out to a staggering $41,996.77 over the life of a standard 30 year loan. That’s over $40k for you to spend or reinvest.

At Home Loans Australia our team of experienced brokers can walk you through each step to help you save. Finding a better deal on your mortgage doesn’t need to be complicated, and Australians are taking advantage of this free service to make an informed decision and save.

Getting started on your home loan savings is as simple as leaving a few details. From there, our home loans experts will find you the best rates from Australia’s leading lenders, and guide you in choosing a lender that works for you.

Just a few minutes of your time can add up to thousands of dollars in savings. There’s no time like the present to stop wasting your money, so why not try our free service and find out just how much you can save today?

*’Non-majors continue to take home loan share’, AustralianBroker

This article is opinion only and should not be taken as financial advice. Check with a financial professional before making any decisions.