Shopping around for home loans may no longer involve a fist full of brochures and juggling appointments with the bank manager, with the launch of the Lenders Online Web site.
The company, which claims it is an independent content provider, has teamed up with Telstra BigPond services to provide the online home loan search service. Lenders who are currently involved in the service include Westpac and ANZ banks, as well as ING Mercantile Mutual, Macquarie, Trust Bank, GIO, Suncorp and Citibank.
The site asks the customers to send in simple loan criteria, such as whether they require a fixed or variable loan, and then the Lenders On Line returns information to the customer about the best loans to suit their needs.
Other free services include consumer loan news, a site outlining the top five loans, and a loan glossary to keep you abreast of financial jargon - especially important when reading the fine print.
As an introductory offer, customers will receive a $300 cashback for completing a successful application, but only until the end of June, 1999.
Lenders On line
Phone: 1800 426 022