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Internet-based mortgage lender MyRate.com.au has registered a 300 per cent increase in daily inquiries since the major banks lifted interest rates last week, a statement released by the lender said.
According to the lender, savvy consumers are saying enough is enough to the major banks’ money-hungry attitudes and are looking for better deals offered by direct lenders.
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The gap in the interest rate between some major banks and MyRate.com.au is now pushing well over one per cent, said MyRate.com.au managing director Kevin Sherman.
“MyRate.com.au boasts a super low standard variable interest rate and no fees on standard applications – features the major Australian banks simply cannot offer.”
