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The MFAA has announced an upgrade to its consumer loan calculators, with 10 out of 20 online calculators now available on all modern smartphones.
The announcement comes three months after the MFAA's initial launch of the consumer loan calculators and will be available at no extra cost.
“Not only are our prices at $99 per annum – which is a minimum $300 saving for many members – they also now align to key consumer mobile and tablet search behaviours,” MFAA chief executive Siobhan Hayden said.
According to the MFAA, brokers need consumer-friendly tools built into their websites to maximise online visibility.
“Free calculators that are hidden in password-protected, third-party sites are of no value to brokers,” Ms Hayden said.
“The MFAA understands that paying over $400 for these tools to load into a broker site is a major cost to any business.
“That’s why we have provided real value with this member benefit and will fulfil our promise to continually upgrade capability as technology evolves, enabling our members to remain top brokers in their field.”
The MFAA noted it plans to extend the upgrade to its remaining online calculators soon.
[Related: MFAA urges government to protect small business borrowers]
