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Sale
Is the sale just for home loans? What about personal/car loans and credit cards?The current Switch & Save Sale is for home loans only. Keep an eye out for other events from RateCity in the future.
Mark Bristow -
05 May, 2017 -
1 min read
Sale
Can I select more than one home loan offer?Yes. You can select a few different offers and compare. Just remember you have 30 days to get more information, decide on one and submit your application.
Mark Bristow -
05 May, 2017 -
1 min read
Sale
What is the Switch & Save Sale?The Switch & Save Sale is Australia’s first industry home loan sale.
RateCity -
28 Apr, 2017 -
1 min read
Sale
Is switching simple? Why should I refinance?Refinancing is when you change your home loan from one loan to another – provided either by the same lender or by switching to a different lender. When you refinance, you are technically paying out your old home loan early and starting up a new one.
Mark Bristow -
04 May, 2017 -
3 min read
Sale
I am looking to buy my first home – can I access the sale?Unfortunately, the Switch & Save Sale is only for people who already have a home loan and want to refinance. There are thousands of other products on the ratecity.com.au site for first home buyers to consider outside of the sale event.
Mark Bristow -
05 May, 2017 -
1 min read
Sale
Do I have to make a decision in 40 hours?No. Refinancing your home loan is likely to save you a lot of money, but it is a big financial decision. You just need to select the product(s) you are interested in during the 40-hour sale. After this time, you’ll have 30 days to decide and submit your application.
Mark Bristow -
04 May, 2017 -
1 min read
Sale
The fine print – what is the eligibility criteria for the sale?The sale is only available to people wanting to refinance – you must already have a home loan. Additionally, customers cannot take up an offer from their existing lender, i.e. if you are currently with ING, then you can’t refinance to an ING product in the sale.
RateCity -
28 Apr, 2017 -
1 min read
Sale
Should I pick the loan that has the lowest rate?We are unable to give advice or make any recommendations on what product to pick.
Mark Bristow -
05 May, 2017 -
1 min read
Sale
Are there any risks with changing to a smaller lender?A smaller lender is almost any institution outside of the big four banks (ANZ, CBA, NAB and Westpac). These include credit unions and building societies and ‘non-bank’ lenders. These lenders must follow the National Consumer Credit Protection Act 2009, which ensures the lender properly assesses whether a potential customer can realistically repay a loan, and that a specific standard if information is made accessible to potential customers.
Mark Bristow -
05 May, 2017 -
1 min read
Sale
Who are the lenders?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)...
Mark Bristow -
04 May, 2017 -
3 min read
