Brokers have a new product to offer their clients after one lender launched a “low-rate, fully-featured” home loan that includes a 100 per cent offset account.
Homeloans’ new Optima loan starts at 4.73 per cent and allows customers to borrow at up to 95 per cent LVR. Features include free upfront valuations.
General manager of sales Greg Mitchell said Optima is competitively priced and has all the essentials for purchasing, refinancing and debt consolidation.
“It’s a fully transactional loan which enables borrowers to pay off their loan while maintaining flexibility,” he said.
“In addition, it enables investors to have multiple lines of credit, with a global limit up to $5 million.”
Mr Mitchell said Optima was part of a suite of enhancements that Homeloans had made to its broker offering.
“Our focus has been on product, processes and overall broker support, and the launch of the Optima epitomises the improvements that have been made,” he said.
The non-bank lender has launched two other home loan products this year: Accelerate Prime and Classic.
“Our focus is to continue to innovate and be able to offer a number of solutions to cover a wide range of scenarios and suit a wider range of borrowers. The three new products introduced already this year are testament to this,” Mr Mitchell said.