What is a ‘white label’ loan?
‘White label loan’ is a term that is becoming more common in the mortgage industry. Still, for those who may not have come across white label loans before, the concept of what a white label loan is and how it works can be confusing.
A white label loan is essentially a home-branded loan, a similar concept to home-branded products found in supermarket aisles. White label loans deliver many of the same great features as bank-branded home loans at sharply competitive rates for customers.
Loan Market brokers have access to a broad panel of lender products including the white label home loans range – Loan Market Go. Featuring sharply priced loan products, Loan Market Go products offer customers many useful home loan features.
Loan Market Go home loans give customers the option to access lower rates if they provide a larger deposit or opt to fix the rate on up to 50 per cent of their loan. There is a fixed, interest only or a combination of both rate options available, providing flexibility. Customers can also split their facilities up to four times at no additional cost.
Apart from the sharp interest rates, there are also few upfront fees on Loan Market Go home loans. There is no upfront application, valuation or legal fees – just one loan processing fee. In addition, currently, the annual loan fee is only $120*.
At the same time, all the important features like ATM access through the rediATM network, electronic redraw and online account access are available to customers at no charge*.
While you might think that less fees could mean reduced customer service, this is not the case with Loan Market Go. Loan Market Go borrowers have access to a post-settlement Customer Care team in Australia over the phone 8am – 7pm Monday to Friday. The Customer Care team help you manage your loan with ease and are able to assist you with your loan enquiries.
Best of all, Loan Market Go loans are funded by the Advantedge Financial Services residential loan program, part of the National Australia Bank Limited (NAB) Group. Loan Market Go customers can expect personalised service with the comfort of dealing with a market leading funder.
There are a lot of good reasons for you to consider a white label loan. Combining competitive rates and low fees with all the essential features and the flexibility for you to choose the options that suit your needs, white label loans truly offer a compelling alternative to your traditional bank-branded home loan.
Whether you’re buying your first home, upgrading or renovating, Loan Market Go can get you to where you want to go.
For more information about a Loan Market Go home loan and to find out the current Loan Market Go home loan interest rates, speak to your local Loan Market broker today or visit www.loanmarketgo.com.au
*Loan terms provide for fees and charges to be introduced and varied from time to time.
Loan Market Go products are funded by the Advantedge Residential Loan program. AFSH Nominees Pty Ltd (AFSH) ACN 143 937 437 Australian Credit Licence 391192 is the program lender and Advantedge Financial Services Pty Ltd (Advantedge) ACN 130 012 930 Australian Credit Licence 391202 is the program loan servicer. The program is funded under arrangements with National Australia Bank Limited (NAB). Each of AFSH and Advantedge are members of the NAB Group. NAB does not guarantee the obligations of its subsidiaries. Loan Market Go products are promoted by Loan Market Pty Ltd (ACN 105 230 019) Australian Credit Licence 390222.