Queenslanders Credit Union
Home loan hype and advertising often centres on the cheapest interest rates and lack of fees, but the features of a mortgage are what allow you to find the perfect product for you, or tailor its structure to your needs.
Home loan hype and advertising often centres on the cheapest interest rates and lack of fees, but the features of a mortgage are what allow you to find the perfect product for you, or tailor its structure to your needs. In fact, it’s a flexible
set of features that is more likely to save you a bundle in interest repayments over the term of your home loan, not a percentage point or two off the interest rate. Offsets, unlimited additional repayments, and the ability to split loans or move them across properties make home loans beneficial for owner-occupiers and investors alike, while products without these features can have
savings from cheaper interest rates whittled away due to their rigid guidelines.
Winner of the gold award in the best loan features category is Queenslanders Credit Union. This popular institution from up north has a range of products that offer all the most desirable features. It even throws in extra benefits, such as a 10% discount on home and contents insurance, unlimited free transactions on linked bank accounts, and special discounted rates on personal overdrafts.
Brett Maunder, Queenslanders Credit Union executive manager, sales and marketing, says being close to customers allows his organisation to get a feel for what they need in a loan. “Price is important, but so is ensuring the loan has everything you need to make your life easy and that there are no hidden catches that cost you extra down the track,” Maunder says.
“Our reasonably flat organisational structure means our front-line lenders get to talk to the product and pricing people about what members want and need. We encourage them to provide feedback and do our best to implement any changes they suggest.”
Congratulations to the other winners, AMP and Loans.com.au.