Money.com.au

Money.com.au, financial comparison backed by brokers

Money.com.au is an Australian financial product comparison platform that combines technological tools with a human team of brokers. Its approach works in two ways: users can compare and apply directly with the provider, or rely on an in-house broker for a second opinion, to negotiate with the lender or to handle the paperwork, at no cost to the client according to the company itself.

The company states it works with more than 100 banks, lenders and insurers, and structures its offering into six main areas: home loans, business loans, car loans, health insurance, credit cards and savings accounts and term deposits.

Home loans and home financing

In the home loan section, the platform allows you to compare purchase, refinance and investment products, and includes specific categories for first home buyers, home loan cashback, low doc loans and the best fixed and variable rates. The team of mortgage brokers includes professionals such as Michael, Nicole McAtee, Yang Qiu, Nick Burgess and Katey Russo, who handle purchase, refinance and investment transactions.

Business loans and commercial finance

For the business segment, Money.com.au offers comparison of small business loans, equipment finance, commercial vehicle leasing, unsecured loans, overdrafts and lines of credit, as well as low doc loans. Specialists in this area include Jane Lim, in commercial finance, and Phil Collard, in asset finance and business loans.

Personal and car loans

The platform covers loans for new, used, green and private sale cars, secured loans, loans for customers with bad credit and for ABN holders. In personal loans, it includes debt consolidation, caravan and boat loans, green loans, unsecured and low doc loans, as well as options for profiles with bad credit history.

Health insurance, cards and savings

In health insurance, comparison covers hospital and extras cover, with categories for families, couples, singles, single parents, pregnancy, mental health, dental and optical, as well as offers with no waiting periods and not-for-profit insurers. In credit cards, the offering includes balance transfer products, sign-up bonuses, business cards, American Express, rewards, cashback, Qantas and Velocity points, travel cards with insurance or lounge access, no international fees, low rate, no annual fee and interest-free cards. In savings, high interest accounts, bonus saver accounts, term deposits from one to five years and business savings accounts and term deposits are compared.

Cited results and editorial content

The website includes real cases attributed to the activity of its brokers, among them a home loan refinance with $16,000 in interest saved in the first year and a rate reduction from 6.83% to 5.90%; a $40,000 working capital deal resolved in one day; a refinance with more than $1,000 reduction in monthly repayments; a first home purchase with an additional $200,000 in borrowing capacity; a consolidation of two loans with $4,000 in monthly savings; a simplification of business facilities with a reduction in weekly payments from $3,500 to $2,000; and an investment deal with $180,000 in liquidity and $1.1 million refinance approved in one hour.

In addition, the company publishes guides and analyses written by its own brokers, such as Nick Burgess, Katey Russo and Phil Collard, on topics of refinancing, choosing a non-bank lender and equipment finance.