loanScore Explained

loanScore is a simple way of seeing if the home loan you have at the moment is a good deal or not. We want you to know whether you are getting a good deal based on your circumstances such as the value of your property, the preferences you have for your loan

What is loanScore?

loanScore is a simple way of seeing if the home loan you have at the moment is a good deal or not. We want you to know whether you are getting a good deal based on your circumstances such as the value of your property, the preferences you have for your loan and other home loans currently available.

Using the information you give us, we calculate a score based on how the loan you have compares with loans from 30 lenders. We then give you a score out of 100 to indicate how good your current loan is. The higher the score, the better the deal.

loanScore does not necessarily tell you whether you would be approved for loans with a higher score. Calculating a loanScore does not assess your credit record for example. Each lender has its own lending criteria, so it is possible that loans with a higher score would not be available to you if, for example, you have a poor credit history.

On average, UNO loanScore subscribers could be saving over $17,000 by changing lenders with a better rate.

Check how good my loan is with loanScore

How do I use my loanScore?

loanScore helps you understand how close your loan is to the best deal available to you. The higher the score, the better the deal.

Once you know your loanScore, we can help you optimise your situation to save you money.

How is my loanScore calculated?

Your loanScore can change based on variables such as the interest rate, other loans available to you in the market and your personal circumstances, i.e. your borrower profile. Your loanScore is a point-in-time statement and should not be regarded as any kind of representation as to your future loanScore.

What does my loanScore mean?

The loanScore you receive is just a number. It’s designed to give you a quick and easy view of whether you have a home loan that compares well to the home loans available to you in the market at that point in time. UNO has designed a unique calculation to determine your loanScore at a given point in time.

Alongside your loanScore, you will see how much we think it might be possible to save by taking action to improve your home loan. This could be through talking to your existing lender, moving to another lender or by simply making some changes to the way you pay off your loan.

Why did my loanScore change?

Your loanScore can change for a number of reasons. Here are a few common ones:

  • Lenders change interest rates on various products regularly and introduce new lending products from time to time that you may be eligible for.
  • You changed the preferences for your loan. For example, if you choose to just compare against loans from the Big 4 banks, your loanScore might be different from when you compare with loans from all 30 lenders on our panel.
  • The value of your property changed. House prices rise and fall and the service we use to value your property will change the estimated value over time. The loans available to you will change depending on the loan size you are looking to borrow compared to the value of your property. Typically, the higher the percentage of your property value you are looking to borrow, the higher the interest rate you will be charged by your lender. So, if over time your house price goes up and the percentage you are borrowing falls, you might be able to get access to a better rate on your home loan.
  • If the way you use your property changes – lenders offer different rates for owner occupied properties than they do for investment properties. So, if you change the use of your property, the range of loans available to you will change.

Book in a quick call with our customer care team.

Find out your loanScore here​

*The average potential three (3) year savings of loanScore subscribers who change lenders is $17, 638. Your potential savings value may differ from this based on your individual circumstances. Terms and Conditions apply.


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TESTIMONIALS

What our customers are saying

John Cahill
March 7, 2024
Scott Wilkinson was my broker last year when I sought finance for a new property investment and refinance for my property port folio. He was an absolute delight to work with. He was always professional, on time and always available to talk at a moment's notice to discuss my credit options and give well considered advice; usually this was very much after-hours due to my work commitments during the day. He was always happy to talk. I had not used a mortgage broker in a long time opting to do the re-financing myself. This was primarily due to disappointing experiences I'd had with mortgage brokers in the past. However with the increasing complex nature of dealing with credit providers, I could see that I needed a good advocate to act on my behalf for this particular refinance. In all honesty I did not hold much hope that in the current credit environment I would be able to secure the finance I required for the new property investment I was wishing to secure. Scott found a way however and was able to secure the finance along with the refinance of my portfolio. I have since referred friends to Scott and I know they have been very happy with his work. He is ideal for property investors who have busy day-jobs and need someone who understands property investment strategy and is able to tailor credit advice and options to their needs. Scott provides this advice and information in a way that is clear and concise. He kept me up to date continually during the application process. He made what could have been a very stressful and frustrating process easy and straightforward. I could not recommend Scott and the team at UNO Home Loans more highly. They are all a delight.
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Sally Mackenzie
February 19, 2024
We chose Uno Home Loans from their impressive web site knowing we were going to find it hard, on many fronts, to qualify for a home loan. We were incredibly fortunate to be assigned Mike Parsons as right from the get-go, despite the complexities, he hit the ground running for us. He was incredibly knowledgeable, with years of experience but what was immediately apparent and impressive was that he was totally invested in getting us over the line, doing absolutely everything possible, including working around the clock. Despite it being a relatively small loan in the order of things, Mike never missed a beat, getting docs ready, following up and answering every request from the proposed funder immediately. He kept us informed on progress the minute anything happened, and again if anything needed to be done, he was right on it. In short, we highly recommend Uno, and Mike, knowing what a remarkable job he did, over many weeks, to get us our loan. He got us a great deal, with far better rates than we expected, so we couldn't be happier. In fact, without doubt, you'd be hard pressed to find a more personable, sharp, hard working, dedicated professional who clearly prides himself on getting his customers standout results.
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Rod
February 13, 2024
Scott and his team were just A-mazing. We felt supported through the whole process with the greatest quality and care. Every question answered right in time, or even before we asked. The process was smooth and we got the best outcomes we could have wished for.
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Angela Biddle
February 6, 2024
Our mortgage recently came up for renewal, and with interest rates skyrocketing we were looking for ways to minimise the impact. Michael and his team were proactive and attentive. Michael spent time with us to understand our circumstances. He found mortgage options that worked with our current financial situation and longer investment plans. He presented clear options, providing guidance where needed. He and his team were helpful and responsive - streamlining the process and keeping us updated through the negotiations. In the end, Uno did the heavy lifting and secured a significantly better rate than our current bank offered, all with friendly, personal service. We would highly recommend UNO Home Loans.
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Fotis Bikas
January 15, 2024
I cannot help but congratulate Scott Wilkinson of UNO Home Loans for being an absolute credit to both his company and the entire loans industry. Scott is a truly rare gem of a broker in that he will not only go the extra mile to achieve for each customer the very best deal, but his knowledge of all and sundry within the industry is unsurpassed (you will see what I mean if you speak to him). Additionally, Scott has a clear passion for imparting his wealth of information with each customer, whereas the conversation with most other brokers would simply be over if they could not get you the best deal. For me, Scott Wilkinson of UNO Home Loans stands head and shoulders above the competition and I feel privileged to benefit both from his expertise and professionalism whenever it is time for a refinance or new loan.
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Tomoharu Matsui
January 11, 2024
Michael Parsons helped me a lot when it's difficult to establish my capabilities in loan.
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Gillian Kearon
January 9, 2024
I highly recommend Mike Parsons as a mortgage broker. I couldn't fault the service provided by UNO. Thanks Mike!
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Taner T
December 20, 2023
Thank you Eren Tan for the amazing service and support. Our Loan was a little tricky and complex for other lenders but Eren managed to get it over the line in record time. His professionalism and dedication to our needs was exceptional. If you need a Loan no matter how complex your situation, make sure you contact Eren at UNO Home Loans.
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Karaipu Brown
December 20, 2023
Buying & selling a house at the same time is very stressful but Scott Wilkinson from UNO home loans made sure we knew what was happening & took most of the stress away. He always kept us up to date and if we had a concern or wanted clarification on something we were able to call him, if he didn’t know the answer straight away he will find out and contact us back.. now we are enjoying our new house and turning it into a home :)
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Chris Anderson
December 18, 2023
Just completed my first loan with UNO which was so much easier than with other other brokers I have used in the past. Our broker MIKE PARSONS always had time for me and broke things down for me in the simplest of terms and was very patient with my silly questions and my constant changing of plans. I wish I had used them in the past as I wouldn't be in the situation I'm in now. Can't recommend them highly enough. Thanks UNO and Thanks MIKE 😊
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Stephen Broomfield
December 11, 2023
To be able to recommend Scott Wilkinson for your mortgage broker was a privilege. We had deals fall through but Scott supported, guided and stuck with us, proper partnership. The whole team at UNO helped us and supported us right through to after settlement. Made sure everything was correct and how we are progressing. Communication was amazing and straightforward and easy to understand. Transparent. We can not Recommend Scott and the team as Uno high enough. Use UNO with confidence.
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Tarek Hussain
December 6, 2023
Can't thank Amy enough for her hard work, dedication and determination on getting multiple loans completed for me. I wouldn't hesitate in recommending Amy and the Uno team to any of my associates. Will definitely be back in the near future!
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