Is Reduce Home Loans Reliable?

LGormalagoo on 06/10/2019 - 11:59
Last edited 06/10/2019 - 12:27 by 2 other users

Is this company reliable?

Rates are really low ATM and think to switch my home loans.

Any advice for refinancing please.

Thanks.

Financial

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Reduce Home Loans
Reduce Home Loans

Comments

  • xeion on 06/10/2019 - 12:13
    +2

    I'll give you my personal experience, I've had an application in for 3 months. They've requested the same paperwork 3-4 times.
    This is all after I've paid all their fees. Starting to think I should have gone with TicToc/Athena/UBank

  • bloom on 06/10/2019 - 14:06

    How big of a hit will my credit score take if I get rejected by Athena and apply with another? Heard they are super strict

  • reddwarf on 06/10/2019 - 14:12

    Their rate is cheap when you sign up.
    New loans get better treatment than old loans.
    Bank interface is basic.
    Deposits are not covered by a government guarantee.
    Their products are not really compatible with auctions.

    Been with them for 2 years, considering a refinance to homestar finance

    • bohn on 06/10/2019 - 15:20

      Deposits are not covered by a government guarantee

      Same with Homestar Finance isn't it?

      • reddwarf on 06/10/2019 - 23:32

        Same indeed

  • marcnunes on 06/10/2019 - 21:39

    I am with Reduced. If I had the option of refinancing today I would go to Athena or Ubank. Reduced third place. Reduced has higher rates for existing customers. Not as bad as banks but not the best option in my opinion.
    They were a couple of years ago, not anymore in my opinion.

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