
Sunrise featured our rate as best in the country!
Forget the big banks!
Sunrise on Channel 7 featured Illawarra Home Loans as having the best mortgage deal on the market with our Bank Beater Home Loan interest rate of 6.68% p.a.
Rate Update
Our Bank Beater Home Loan variable rate has been cut even further down to 6.18% p.a.
This is in addition to our Bank Beater Home Loan being labeled as a ‘Highly Commended’ home loan by the Financial Review Smart Investor Blue Ribbon Awards 2011 for Variable Rate Home Loan.
What Sunrise didn’t mention is that in addition to the incredibly low interest rate of 6.68% p.a, we’ll beat your interest down even further with a 0.05% rate cut after 5 years PLUS your set up costs are on the house meaning:
- $0 application fee
- $0 valuation fee
- $0 lender’s legals
As Illawarra Home Loans is an online mortgage lender we can keep our rates low as we don’t have large overheads like big branch networks, we don’t pay commissions to brokers as you deal with us directly and we offer great service where you get to talk to a home loan expert (not telesales) who doesn’t get paid commission so you get expert advice with no pressure.
Non-Bank Lenders Have the Same Regulations as the Big Banks
Whilst our home loan rates are stated by Sunrise as the best in Australia, many people are weary about getting a home loan with a non-bank lender as they are concerned about what will happen with their home loan if the lender closes their doors.
Nicole Pendersen-McKinnon from Smart Investor Magazine correctly states in the clip that you can rest assured as non-bank lenders have the same regulations as the big banks and she also points out that it’s a little different when you owe someone money rather than someone taking your money and owing you.
Illawarra Home Loans have been financing Australians since 1989 and have recently moved our business online to give you a better rate for your home loan. So, if you want to find out more about our famous Bank Beater Home Loan, request a call back and we’ll help you join our many happy customers in savings thousands on your home loan.



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