• Contact
  • Feedback
Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

One Big Switch introduces 2000 borrowers

01 November 2011 5:27PM
The home-loan group buyer One Big Switch says it has introduced about 2000 of its 40,000 registered borrowers to a lender.One Big Switch co-founder Paul Hunyor provided the figure while speaking at yesterday's Lixi conference in Sydney. He also confirmed that all lenders working with the group are small non-bank lenders.One Big Switch was launched in July and partnered with consumer group Choice to build its list of borrowers.Hunyor said that providing leads to lenders was not the group's only benchmark for success. "People are using their experience with us to shop around for themselves or work with their existing lender to get a better deal. We measure our success broadly." One Big Switch has broken its registered borrowers into nine groups, so it can target specific pricing deals. For example, borrowers with loan-to-valuation ratios under 65 per cent are very attractive to lenders and can demand deep discounts. Hunyor said the appeal of One Big Switch for its registered borrowers was that it put them into a community of like-minded consumers where they could engage with each other. "Consumers want to help each other and they feel that in doing that they are having an influence. These people want to be listened to and they want more influence over the borrowing process." Hunyor also said One Big Switch is considering expansion into the electricity and general insurance markets. "Those are the areas our members tell us they want us to look at next," he said.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use