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Online lender undercuts majors by up to 60bps

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Julia Corderoy | 23 Feb 2015, 08:11 AM Agree 0
An online lender has slashed its fixed interest rate, undercutting the major banks by up to 60bps
  • Coast Broker | 23 Feb 2015, 09:48 AM Agree 0
    Cheap Interest Rate but no service especially after the loan has settled.
  • Broker | 23 Feb 2015, 10:33 AM Agree 0
    Suncorp and Me Bank ( both with similar service levels I might add) offering similar rates for 3 years, so no real threat here.
  • Amazed | 24 Feb 2015, 10:54 AM Agree 0
    Ubank are offering 4.18% for three years that's lower than the "cheapest"
  • Coast Broker | 24 Feb 2015, 12:22 PM Agree 0
    U Bank same as Loans.com.au in that they provide no service and all processing is done via the internet and phone. A bit border line when it comes to NCCP requirements
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