Meet the lenders who get Australian borrowers at very low rates
Australian borrowers are now resorting to rival lenders for very low rates, fast approval processes, and flexible lending terms, and with so many lenders cutting floating rates to compete for mortgage clients, big savings can be made.
Macquarie, HSBC and the Bank of Queensland are proving to be a popular alternative to the big 4 banks after lowering their floating interest rates on home loans to new lows in recent weeks. HSBC and the Bank of Queensland now offer floating rates below 2.00% for low LVR borrowers.
On the internet lender front, Australian owned website lend.com.au convinces weary bank borrowers with ultra-low interest rates, hassle-free online applications and 30-day settlements, while UBank gains digital-minded customers with its brilliant new rates and super-fast online application process .
With the average floating rate for home loans still at 3.12%, savvy borrowers can potentially access huge savings by simply shopping. Start by comparing some of the best home loans from competing lenders below….