Refinancing with Nano Digital Home Loans can save customers up to $128,000—that’s what happened to 33-year-old Pollyanna Strauss from Cairns.
Strauss is the first winner of Nano’s inaugural home loan interest-free competition, saving her up to $89,000 in interest repayments during the entirety of the loan. This is on top of the $39,000 she already saved by refinancing with Nano.
“Today, we’ve changed someone’s life by helping Pollyanna reduce her interest outgoings and
this means she’s one step closer to achieving her financial goals,” said Andrew Walker, chief executive officer of Nano. “The spirit of this competition ties back to Nano’s mission to help rid the industry of unfair costs and flip the system to be fairer for customers.”
Refinancing of housing loan commitments between lenders has reached a record high of $17.2 billion after a 6% rise in July 2021, according to data from the Australian Bureau of Statistics.
“The stay-at-home orders have allowed customers extra time to reassess their home loan situation and identify refinancing opportunities for saving money on their interest payments, particularly in this time of uncertainty,” Walker said.
The final draw that will reveal two more winners will take place on Nov. 10. Homeowners have until Oct. 29 to refinance with Nano to join the competition.
