How Sherlok works
Unhappy with your current home loan rate or think your bank can do better? You’ve come to the right place. Sherlok Loans is a tool used by the best brokers to help their clients – that’s you! – get a better rate on their current loans.
This is how it works
1. Sherlock monitors home loan rates 24/7. As soon as we find a better rate for your current loan, we’ll contact the lender on your broker’s behalf to negotiate a lower rate with your current bank.
2. If your bank is happy to reduce your home loan rate, your broker will send you an SMS and an email to let you know the improved rate. There’s absolutely nothing you need to do. Sherlock and your broker will do all the work, and you’ll notice the savings within 30 days!
3. If your bank doesn’t want to reduce your interest rate, Sherlock may be able to find you a better rate with a different bank. If this is the case, Sherlock will send you an email with some different options, and your broker will talk you through them.