When we launched loanScore, our plan was to create transparency about loans for customers – and where possible, enable them to get a better deal. Knowing that many of our consumers had never asked their lender or broker for a better rate since they took out their loan, we wanted to create a simple way for borrowers to assess if their loan was healthy. Secondly, we wanted to be able to update them regularly on the health of their loan and empower them to take control of their finances, using technology, their own data and the knowledge that there might be a better option out there for them. UNO’s loanScore tool enables customers to analyse how their loan compares to others in the market and see how much they might save if they take action to switch it. Curious to know how much you could be saving? Why not check out our loanScore tool today. It takes two minutes and it’s totally free. It’s a great place to start to see if you could be on a better rate. Or read on to see how PJ used loanScore to get a better rate.
UNO customer PJ signed up (it’s free) and used loanScore to test how her investment loan was performing. After plugging in a few details, PJ learned that at 5.01%, the interest rate she was on was more than two percentage points higher than a lot of the rates on our panel at that time. “The tool showed me I could save over $10,000 over 3 years,” PJ says. “I’m quite happy with my lender ING but that kind of saving opportunity was enough to make me switch. “Armed with the information from UNO, I called ING and they dropped my rate and have agreed to keep the discount off the standard rate for the life of the loan.” In just a few months, thousands of Australians like PJ have signed up to UNO’s free refinance calculator. Some have found peace of mind upon learning their loan is in good shape. Others have been able to take action to improve their position. PJ says: “I’m so glad I used the UNO loanScore tool. By using the tool across my two investment loans I could see how how bad my rate really was. I’ll definitely be checking the health of my loans more often now. Thank you, UNO.” Check your loanScore now
We are thrilled for PJ and so glad we were able to save her some money. While PJ was happy to use the information she had from UNO and make a quick phone call to her lender, UNO can actually do this for you. UNO’s Active Home Loan Management service is founded on the principle of acting in the best interests of home loan customers. UNO will proactively manage the home loans of Australians on their behalf, so home loan customers can be confident they are getting real value and saving money as often as those savings become accessible. If you would like to see how you can save money on your home loan book a call with our customer care team today. Book a call in with UNO