An online business passes on the cost savings to its customers through exceptionally low interest rates
Melbourne-based Freedom Lend is a 100% online lender, which means it doesn’t have the overheads of a bricks and mortar bank and so can pass the savings, through lower interest rates, onto its customers. “Freedom Lend gained top spot as the non-bank home loan lender of the year thanks to their exceptionally priced variable home loan,” says Canstar analyst Jack Smart. “The rate for residential variable loans comes in well below the market average by 0.96%.” This category focuses on owner-occupied loans.
“While Freedom Lend has one of the cheapest rates in the market, their variable home loan offers a wealth of functionality and flexibility – from redraw and top-up facilities to a 100% offset account. Additional repayments are permitted and the loan is available to use for construction purposes.”
This story is from the June 2017 edition of Money Magazine Australia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the June 2017 edition of Money Magazine Australia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.
