The country's cheapest loans

Web based lender loans.com.au has again been named as the nation’s bargain basement home loan financier.

For the second consecutive year the market leader for online lending has claimed the title as Australia’s Cheapest Home Loan according to Mozo’s People’s Choice Awards 2014.

This year 25,000 clients ranked more than 200 home loan providers for the Mozo's People’s Choice Awards, and loans.com.au scored 9.2 out of 10.

The lender’s Dream Home Loan has a variable interest rate of 4.54% per annum and a 4.56% per annum comparison rate. There is no application, monthly, establishment or ongoing fees plus a full mortgage offset facility.

The Dream Home Loan product has a five star rating for outstanding value by Canstar.

Mortgage originator Firstmac funds loans.com.au. Managing director Kim Cannon says the award was validation of loans.com.au’s streamlined online lending model.

“This People’s Choice Award confirms for us that we were right to rely on the online model we built to keep costs down,” he says.