Select Loan & Mortgage is currently accredited with 30+ lenders. Our mix of lenders boasts traditional banks, including the big four, and non-traditional banks, such as online banks and specialist lenders.
1. Traditional Lenders
Traditional lenders are typically well-established banks providing a large array of loan products and have physical branches in Australia. They have the strongest market credibility and policies compared with other types of lenders. The big four banks, which are considered the strongest and biggest banks in Australia alone, make up about 80% of Australia’s mortgage system.
Listed below is our traditional lender panel.
Big four banks:
ANZ (Australia and New Zealand Banking Group)
NAB (National Australia Bank)
Commonwealth Bank of Australia
Westpac
Other major banks:
Macquarie Bank
St George Bank
Suncorp Bank
Bank SA
AMP
2. Online Lenders
Online lenders or digital banks are just like traditional banks in terms of operations and policies, the only difference being that they do not have physical branches. Thus, these banks can transfer the benefit of not having to bear that operational cost by providing better interest rate deals than traditional lender banks.
Listed below is our online lender panel.
UBank
ING
Better Mortgage Management
3. Specialist Lenders
Specialist lenders or non-confirming lenders are the home loan providers that cater to special cases that normally don’t qualify with traditional banks easily. They have more lenient home loan criteria and packages but charge a higher interest rate than both traditional and online lenders.
Listed below is our current specialist lender panel.
Firstmac
Connective Elevate (Bluestone)
Connective Essentials (Advantage)
Connective Select (Adelaide Bank)
Connective Solutions (Pepper Money)
Pepper Money
