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Online mortgage lenders offering rock-bottom rates
Aussies are looking beyond big banks and turning to online lenders to save thousands on their mortgages. RateCity’s database shows that on average, online-only lenders offer lower owner-occupier home loan rates (paying principal and interest) than the big four banks.
Another big plus, online lenders allow you to do everything digitally. Many offer a simplified online loan application with a significantly faster approval process, when compared to traditional banks. To speed things up, most online lenders will verify your identity and check your financial history online.
What you may not know is that online lenders may also offer competitive home loan benefits like an offset account and redraw facilities. Plus, many have smart online portals, allowing you to monitor your mortgage via your mobile.
To meet some of the online lenders helping Aussies to save big, take a look at the competitive home loan deals being offered below.
Disclaimer
This article is over two years old, last updated on July 18, 2021. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent home loans articles.
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Product database updated 02 Nov, 2024
