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loans.com.au backs property investors

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04 March 2024
loans.com.au backs property investors

Leading online lender loans.com.au has backed property investors by bringing back its popular “Owner-Occupied-and-Investor Package”, where borrowers get a sharply-reduced investment loan rate if they bring over both their Owner-Occupied and Investment properties.

Managing Director Marie Mortimer said loans.com.au has doubled-down on its commitment to the investment property market, which has always been an important part of its business.

“We understand that getting a great rate can be the difference between an excellent and a mediocre investment return,” Ms Mortimer said.

“We are big supporters of property investors and we want those investors to come to us, so we are offering a package with a significantly-discounted investor rate to encourage that."

Under the new package, investors who bring both their Owner Occupied and Investment loan to loans.com.au will get the investment loan starting from just 6.28% (6.30% comparison), and the home loan from 6.04% (6.06% comparison).

Securities in the Owner-Occupied-and-Investor package do not need to be cross-collateralised.

Ms Mortimer said the offer reduced the usual premium that borrowers had to pay for investment loans due to the incorrect assumption that they are much higher risk.

“Paying an excessive premium for an investment property loan isn’t fair to investors and most borrowers realise that, so we think this new offer will be very popular,” Ms Mortimer said.

The products in the Owner-Occupied-and-Investor Package are fully-featured with free and unlimited redraw, no annual or ongoing fees, the option of an offset sub-account, Online services, loans.com.au Smart Money app, Apple & Google Pay, Visa debit cards and more.

Founded in 2011, loans.com.au has grown to become one of Australia’s largest online lenders, with thousands of happy customers across Australia. loans.com.au is backed by the financial strength of our parent company Firstmac, which is a leading non-bank lender. Firstmac has been operating successfully for more than 40 years and it has more than $14 billion in mortgages under management.

loans.com.au provides home and car loans to people in every state of Australia, and for more than 10 years customers have trusted their expert team to provide low home loan and car loan rates through the online app.

Media enquiries

For all media enquiries, please email Duncan Macfarlane at duncan.macfarlane@firstmc.com.au or call 0434 184 264.

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