Now is the time to check out smaller lenders
Non-bank lenders that do not accept deposits (like, for example, loans.com.au) are not subject to new capital rules on banks and credit unions. That means they are free to offer great deals that can undercut the majors. The big banks currently enjoy more than 80 per cent of the mortgage market in Australia but could change as borrowers look to refinance and save money. Property investors in particular are expected to shop around and compare deals looking for better rates.
Source: The New Daily