What is Active Home Loan Management?

With our unique technology, uno can proactively manage your home loan so you don't have to. Our customers get regular alerts and updates so they can see if they could be getting a better deal.
Anthony Justice

Our research has uncovered some uncomfortable facts about how little action most borrowers take to maintain a healthy home loan.

  • For example, 59% of consumers have never asked their lender or broker for a better rate since they took out their loan.
  • Most Australians stay with the same home loan product for more than five years.

Five years is a long time! In that time, a number of factors might have changed (rising or falling interest rates, rising or falling house prices, your job situation etc) that will have impacted how good that loan is today.

By not checking on your loan and doing something to change it if it’s no longer in good shape, you could be costing yourself a lot of money. We estimate Australians waste more than $4bn a year in excess interest paid on their mortgages.

That’s why uno has pioneered Active Home Loan Management.

Active Home Loan Management means uno is taking an active approach to making sure you have the best loan out there for your circumstances.

By keeping an active eye on your interest rate, comparable to other rates out there in the market, uno makes sure you know you’re still on the best rate. And if you’re not? uno makes sure you know that also.

We are invested in fighting home loan waste for you.

There are three stages to uno’s Active Home Loan Management service:

First, you sign up to loanScoreTM, uno’s unique technology that can check your loan against thousands of other home loan products in the market. You let us know how much you’d like to save, so we have a better idea of which rate products are going to suit your needs.

Secondly, when a rate (or rates) becomes available that will enable you to hit your savings threshold, we send you an email to let you know.

Finally, with your approval we negotiate a better deal with your lender to make sure you get that better rate – or switch you over to a better deal with an entirely different lender.

Already, loanScore customers have been shown to have a potential median 3-year saving of $10,901.

So, sit back and let uno fight home loan waste for you. We’ll help Australians fight home loan waste today and for the whole time they have a home loan.

This information in this article is general only and does not take into account your individual circumstances. It should not be relied upon to make any financial decisions. uno can’t make a recommendation until we complete an assessment of your requirements and objectives and your financial position. Interest rates, and other product information included in this article, are subject to change at any time at the complete discretion of each lender.

Anthony Justice
* Four year fixed rate, owner occupier, P&I loan with a maximum LVR of 70% and a loan amount >$150,000. Lender rates and products may change. We cannot suggest you remain in or switch to any loan until we complete our assessment. Fees and charges apply. ^WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The comparison rate is calculated on the basis of a loan of $150,000 over a term of 25 years. ± All loan applications are subject to uno assessment and lender approval. uno does not guarantee that it will be able to find a customer a better loan than the one they currently have or to save them money.