uno Lending Volumes

We’re keen to be transparent about exactly which lenders end up providing the loans our customers take out.
Anthony Justice

30 lenders and counting

At uno, we are really proud of the technology we have built, which not only gives us access to home loans from 30 lenders, but empowers customers to access the deals they can get from these lenders, based on their circumstances. Given this analysis is done by machine, it reduces the risk of any bias towards particular lenders. We also have a team of highly qualified brokers who work with our customers to finalise their applications to lenders.

Transparency is key

We’re keen to be transparent about exactly which lenders end up providing the loans our customers take out. Interestingly, in the home loans taken out by uno customers, it’s smaller lenders that tend to feature more heavily. This is often because these lenders provide competitive deals and our technology enables visibility of their products.

We don’t favour lenders

One question we are often asked is, ‘Given Westpac is a shareholder, does uno favour Westpac home loans?’ As you can see from the chart below, the answer to that is, ‘No, we don’t. This is because technology powers the decision process. In fact, Westpac loans comprise a small proportion of the total number of home loans uno customers take out and are less than the share of home loans that Westpac has in the market overall. (WBC has a 23.43% share of the Australian housing market according to the May 2019 APRA Monthly Banking Statistics report). We update this chart regularly to show home loans taken out by uno customers over the past 12 months.

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Anthony Justice

* Two year fixed rate, owner occupier, P&I package loan with a maximum LVR of 70% and a loan amount >=$150k. 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.