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Why should I consider white-label loans?

When you think about a mortgage, majority of customers start to find out resource via online or social media. While you research about your requirement, you will find many advertisements pop up and distract. If you search about mortgages, you will se many ads from both major lenders and non-major lenders. As an independent Mortgage broker Melbourne, I have 30+ lenders in my lender panel. It covers both major and non-major lenders. As a prospect customer, you will compare your home loan over 600+ different products to find the most suitable product, which suits your objectives and requirements.

A white-label loan is essentially a home-branded loan, much like the home-branded products you see in the supermarket aisles. Like these products, white-label loans aim to deliver many of the same great features as bank-branded home loans, but for a lower cost to you the customer. A trend seen in supermarkets over recent years has been not only an increase in the range of white-label options on offer, but also an increase in the quality of those products. This trend has continued to the extent that white-label products are now frequently of equal, or near equal, quality as their branded counterparts.

In the same way, banks across Australia provide ‘unbranded’ mortgage products to brokers, which increase the range of options within the market and offer customers competitive rates to generate valuable savings. Ultimately, it’s still a high quality product and service, just re-branded with a different name.

Here are five reasons why should you consider a white-label loan;

  • Simplicity is key in white-label products, and they are perfect for home-buyers looking for a straight forward variable or fixed rate loan.
  • White-label loans are quality, cost-effective and flexible. They offer you all the features you need (like redraw, debit card access and a customer care facility) in a home loan, and you don’t have to pay for additional features you are unlikely to use.
  • Through white-label, you essentially receive a better deal because it’s not branded with the name of a big bank and doesn’t carry the cost of providing access to an expensive branch network that you may not need. It’s like a reward for shopping around, and doing your research through a broker.
  • You can only access white-label loans through your broker – this means you are getting access to a product many in the market aren’t aware of, and you can take advantage of your broker’s expertise and guidance.
  • Saving on price does not mean you are compromising on quality or service. Through white-label, you still get access to expert support teams and the facilities to give you quick turnaround times

Contact Mel Finance Services today about white-label home loans, and whether it is right for you.

Lumbini Wekunagoda
I don't just write home loans. I educate my clients and empower them. I do this because I get enormous satisfaction helping people achieve their goals and educating them. Seeing a client in a better position after I have helped them gives me a huge buzz.

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