Third new product this year for non-bank lender

by AB12 May 2014
Non-bank lender Homeloans is offering a new loan – the Homeloans Optima – which includes a 100% offset account, free upfront valuations and interest rates starting at 4.73% per annum (comparison rate 4.76% per annum).
 
“This product forms part of a suite of enhancements we’ve made to our broker proposition,” said Homeloans general manager of sales Greg Mitchell.
 
“Our focus has been on product, processes and overall broker support, and the launch of the Optima epitomises the improvements that have been made.”
 
The Optima is designed to appeal to both owner-occupiers and investors alike, and is user-friendly for brokers, Mitchell said.
 
“It’s competitively priced with lower fees and has all the essentials for purchasing, refinancing and debt consolidation. It’s a fully transactional loan which enables borrowers to pay off their loan while maintaining flexibility.”
 
Investors may have multiple lines of credit, with a global limit up to $5 million.
 
This is the third product Homeloans has released this year, Accelerate Prime and the Homeloans Classic.
 
“Our focus is to continue to innovate and be able to offer a number of solutions to cover a wide range of scenarios and suit a wider range of borrowers,” Mitchell says. “The three new products introduced already this year are testament to this.”

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