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Switch & Save Sale

Australia's Biggest Home Loan Sale

Who are the lenders?


Mark Bristow
May 4, 2017( 3 min read )

All the lenders participating in the Switch & Save Sale are regulated by either the Australian Prudential Regulation Authority (APRA) or the Australian Securities and Investments Commission (ASIC).

Community First is a credit union that was established in 1959. It offers home loans, car loans, personal loans, term deposits, savings accounts, insurance and credit cards. Over the years, it has featured in Money magazine’s Best of the Best awards and the Australian Financial Review’s Smart Investor Blue Ribbon Awards.

HSBC has had banking operations in Australia since 1986. It offers home loans, personal loans, savings accounts, credit cards, insurance and financial planning. HSBC is one of the world’s biggest banking groups, with more than 37 million customers in 70 countries.

IMB Bank was founded in 1880. It offers a full range of banking solutions including home and personal lending, savings and transaction accounts, term deposits, business banking and financial planning, and can organise a range of insurance and travel products. IMB has branches in Sydney, Melbourne, Canberra and regional NSW.

ING Direct is the Australian arm of European banking giant ING Group and has operated in Australia since 1999. Its products include home loans, commercial loans, savings accounts, superannuation and insurance. ING Direct was named Australian Financial Institution of the Year – Non Big 4 at the 2016 RFi Australian Retail Banking Awards.

Loans.com.au is an online-only non-bank lender that was founded in 2011. It regularly offers some of Australia’s cheapest mortgage rates. Loans.com.au took out the Best Property Investment Loan category in 2015 at the Australian Financial Review’s Smart Investor Blue Ribbon Awards.

Mortgage House is a non-bank lender that was founded in 1986. It offers home loans, personal loans and business loans. Mortgage House won Your Mortgage magazine’s award for Best Introductory Loan Non-bank in 2011 and the Australian Mortgage Awards’ award for Best Low-doc Loan Non-bank in 2010.

Reduce Home Loans is a non-bank lender that was founded in 2010. It operates mainly online and regularly offers some of Australia’s cheapest mortgage rates. Reduce Home Loans was awarded Best of the Best Cheapest Home Loan in 2016 and 2017 by Money magazine.

State Custodians is a non-bank lender that was founded in 2007. Money magazine named State Custodians its Non-bank Lender of the Year from 2011 to 2015. State Custodians also won the award for Cheapest Line of Credit Loan Non-bank in 2016, as well as Best Line of Credit Loan Non-bank from 2013 to 2015.


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