Online brokerage offers super contributions to borrowers - TheAdviser
By Annie Kane, 9 Dec 2020
uno Home Loans has partnered with Super-Rewards to offer borrowers superannuation contributions when they use the loanScore service or apply for a loan.
Online brokerage uno Home Loans (uno) has partnered with Super-Rewards, an online portal that aims to help Australians boost their superannuation by earning cash back when they shop for goods or services.
The Super-Rewards platform, which was designed for women (given that women generally retire with low superannuation balances) but is open to any gender, sees users earn cash back when they shop through partner providers. This is then paid into the Super-Rewards platform, which then contributes the earned rewards into the user’s fund on a monthly basis.
Under the partnership - which will go live on 14 December - uno customers with a Super-Rewards account will receive a $500 contribution if they complete a loan application of over $250,000 to purchase or refinance a residential property by 28 February 2021 and settle the loan by 30 April 2021.
It will also contribute $10 to eligible new loanScore customers who complete an eligible subscription with uno’s loanScore service before 30 April 2021.
Anthony Justice, uno Home Loans CEO, said the partnership was a natural extension of uno’s promise to ensure its customers are always getting the best deals – not just on their home loan.
“[O]ur purpose at uno is to help our customers start on a great rate and stay on a great rate the whole time they have a loan. We do the hard work to find savings, so our customers can spend more time and money on things that are important to them.
“This partnership with Super-Rewards means members will be able to top up their super when they sign up for our award-winning loanScore tool or settle a loan with uno. It is a way to save later for their super and possibly save money on their home loan, today,” he added.
Super-Rewards CEO and co-founder Pascale Helyar-Moray noted that women make 80 per cent of household spending choices and lead the bigger financial decisions, including mortgage decisions, adding that more women than men own their own homes, too.
Ms Helyar-Moray commented: “The partnership between Super-Rewards represents an important milestone in our offering and an alignment of what matters to us most – supporting women’s financial freedom.
“uno is on the same page… So, if by lining up a home loan through uno, our members are possibly saving money,” she added.