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Get 'free fuel or a cheaper mortgage' with Aussie Home Loans

Get 'free fuel or a cheaper mortgage' with Aussie Home Loans

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Date Published : Tuesday, September 09, 2008

Aussie Home Loans has a proposal that will help save you money one way or another, it has emerged.

The Age claimed that the mortgage lender is offering potential customers $500 worth of fuel if they cannot find them a cheaper home loan.

Earlier this month motortrend.com reported that the average price of fuel in Australia is currently $1.55 per litre, citing fuel price-tracking websitre ExplorOz.com.

Aussie Home Loans' promotion is a sign that chairman John Symond is confident that his mortgage advisers can unearth a cheaper home loan for potential clients than their existing deal, according to the newspaper.

Mr Symond said it is "a great time to seek a better home loan as rates are expected to continue falling, providing even greater savings for families".

It is understood the lender will hand out the $500 voucher to any home loan borrower who has attended an appointment with an Aussie Home Loans adviser and has been unable to leave the office without a better deal.

"Our research shows that more than 50 per cent of customers who speak to an Aussie Home Loans mortgage adviser do not have the best home loan deal," he added.

At the end of August, CBA reached an agreement with the Mr Symond to acquire a 33 per cent share in Aussie Home Loans.

CBA said that the minority stake purchase represented a "strategic investment" in one of the market leading providers in this industry and was a natural fit for the bank.

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