The Banking Royal Commission and what it means for our business.
There’s been a lot of commentary in the media about the role of a broker and our relationship with banks now the Royal Commission into Financial Services is underway. This is an opportunity for me to share a few things that as your broker, I am very proud of.
I don’t work for a bank. In fact, Loan Market is not a bank, nor is it owned by a bank. We’re a home-grown Australian company - still proudly family owned and led.
The wonderful thing about being a family business is that families take care of families. And that’s what Loan Market has been doing for 25 years - helping Australians find the right loan for their goals and importantly, each unique situation.
While we’re not owned by a bank, we do have one of the biggest lending panels. This means you can select from over 40 lenders, from the Big 4 to the smaller lenders - all in one place. It’s our job as brokers to keep the market competitive for you and negotiate with all the lenders on your behalf. It creates vital competition to keep the industry fair for you.
Finally, I’m in business for the right reasons - you.
My livelihood is reliant on your positive referral so I’m motivated by you. I live for securing the right finance for my clients. In 2017, Loan Market helped over 21,000 Australians secure finance - and those people were happy with the service they received with 9 out of 10 customers recommending Loan Market’s service to family and friends. Plus, our score on ProductReview.com.au is 4.8 out of 5 stars and has been for 5 years - it’s the highest score in our field.
So, who do I work for? I work for you.