Property Dollar and Effi to launch ‘Loan Optimiser’ – A game-changer for property investors
In a groundbreaking move set to transform how Australians manage their mortgages, Property Dollar has partnered with Effi to introduce Loan Optimiser – a revolutionary tool designed to empower homeowners and investors with real-time loan insights and expert guidance at their fingertips.
A Smarter, Faster Way to Optimise Your Loans
Property Dollar users can now instantly analyse their existing home loans, search for optimal rates in real-time, and receive expert mortgage advice — all within one seamless platform. No more navigating through multiple comparison — Loan Optimiser consolidates everything into a single, efficient, and user-friendly experience.
Addressing a Significant Market Need
Australia’s mortgage landscape is substantial, with approximately 3.2 million residences currently under mortgage, excluding investment loans. The average mortgage size has seen a notable increase, rising from $580,240 in June 2023 to $636,597 in June 2024, reflecting a $56,357 uptick. This growth underscores the critical need for efficient tools that enable borrowers to navigate their loan options effectively.
With this feature, users can:
- Compare loan options in real time – Get the best available interest rates tailored to their financial profile.
- Analyse and optimise existing loans – Ensure they’re always on the most competitive deal.
- Consult top mortgage brokers via Effi – Have their loan strategy reviewed by experienced brokers without waiting.
- Make informed decisions anytime – No need to rely on third-party recommendations or manual searches.
Industry Leaders Weigh In on the Partnership
Vishal Gupta, CEO of Property Dollar, emphasized the significance of this innovation, stating, “The biggest challenge for property investors and homeowners is staying updated with the best loan options without spending hours researching. Loan Optimiser takes away the complexity, offering real-time insights and access to expert brokers, so users can always secure the best deal. This partnership with Effi is a game-changer for anyone managing a property portfolio.”
Mandeep Sodhi, CEO of Effi, shared his vision for the collaboration, adding, “Effi has always been about empowering mortgage brokers with cutting-edge technology. By integrating Loan Optimiser into Property Dollar’s ecosystem, we are bringing that expertise directly to property investors, enabling them to make better financial decisions faster. It’s about putting control back in the hands of the borrower.”
Sodhi also added that within their first week of launch, a customer managed to secure 5.64% from Westpac through their network of experienced brokers
A New Era of Property Finance Management
With the Australian property market evolving rapidly and interest rates fluctuating, having instant access to loan optimisation tools can make a significant difference in an investor’s financial strategy. Loan Optimiser ensures transparency, speed, and expert-backed decision-making for both existing loans and new property purchases.
With the total value of new housing loans rising to $30.4 billion in August 2024 — a 1.0% increase from the previous month — the demand for efficient loan management tools is evident. The ‘Loan Optimiser’ addresses this need by providing a centralized platform for real-time loan analysis and expert consultation, eliminating the necessity for borrowers to navigate multiple channels.
Loan Optimiser is now live on the Property Dollar platform. Investors and homeowners can start analysing and optimising their loans today.
