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MyRate.com.au records surge in inquiries as banks hike rates

Staff Reporter 1 minute read

Internet-based mortgage lender MyRate.com.au has registered a 300 per cent increase in daily inquiries since the major banks lifted interest rates last week, a statement released by the lender said.

According to the lender, savvy consumers are saying enough is enough to the major banks’ money-hungry attitudes and are looking for better deals offered by direct lenders.

The gap in the interest rate between some major banks and MyRate.com.au is now pushing well over one per cent, said MyRate.com.au managing director Kevin Sherman.

“MyRate.com.au boasts a super low standard variable interest rate and no fees on standard applications – features the major Australian banks simply cannot offer.”

 

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MyRate.com.au records surge in inquiries as banks hike rates
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