Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Online lender undercuts majors by up to 60bps

Notify me of new replies via email
Australian Broker | 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 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
Post a reply