the adviser logo

Lender offers fuel discount

by Staff Reporter10 minute read
The Adviser

Staff Reporter

One non-bank lender is offering substantial fuel discounts to mark its birthday.

Iden Group, which turns 12 in April, is offering a discount of up to $1 per litre on fuel to customers.

The company’s director, Barrie Gaubert, said the promotion was significantly more discounted than those of the big supermarkets – which had found great success with their campaigns.


“We appreciate that fuel is a currency that everyone understands, so we decided to provide our customers with an extraordinary fuel discount bonus,” he said.

Iden’s fuel discount starts with a minimum loan amount of $200,000, with customers receiving 10 cents per litre off their fuel costs.

The discounts increase in increments and clients can receive a discount of up to $1 per litre.

“Our offer easily beats the major supermarkets’ four cents per litre deal. With the supermarket programs, your fuel benefit is not linked to your expenditure. If you spend $30, you get a four cents per litre discount and if you spend $300, you still get just the four cents per litre fuel discount,” Mr Gaubert said.

“I don’t believe that’s fair. We’re providing our customers with a fuel savings benefit that grows proportionately with the loan increments.”

Mr Gaubert said clients can go to any petrol station in Australia and then go online to claim the rebate.

Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more