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Non-major banks dominate 5-Star Bank Awards


Regardless of ongoing COVID lockdowns, Australians’ love affair with property stays unbreakable. More and more it’s the non-major banks which can be reaping the advantages and rising their market share.

Residence mortgage development has defied all expectations that the pandemic would dampen the property market and brokers are turning to a various vary of lenders to help their purchasers.

Because the monetary companies market turns into extra aggressive, non-major banks are proving their price to brokers who worth high know-how, help employees, quick and environment friendly service and mortgage product vary.

Australian Dealer surveyed greater than 400 brokers throughout the nation for the 5-Star Financial institution Awards to find out Australia’s greatest banks.

By means of in-depth cellphone interviews brokers have been requested what options in a financial institution have been most vital to them. They rated all banks throughout 9 standards – product vary, rates of interest, dealer communication, commissions, dealer coaching and growth, BDM help, digital expertise, credit score coverage and turnaround time. Brokers recognized 4 banks which achieved greater than 80% rankings throughout all standards.

Australian Dealer can now reveal these 4 banks, all non-majors, have received a 5-Star Financial institution Award: Adelaide Financial institution, Bankwest, Macquarie Financial institution and ING.

Senior executives from the 4 banks have instructed us how vital brokers are in terms of mortgage settlement development and of their dedication to the dealer channel.

Learn the complete particular report on the 5-Star Financial institution Awards here



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