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Further signs that the non-bank sector is gaining ground against the banks continue to emerge with the launch of a low new variable rate loan from Queensland based Allstate Home Loans.
According to Allstate general manager Tony Shield the new product was “superior to the banks’ offering and had no aggregation fees”.
Mr Shield said the new product gave brokers and the non-bank industry a chance to “strike back against the banks and once again offer a competitive alternative”.
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