Open Home Loan Australia Pty Ltd trading as Benevolence Financial Group (ABN 52634 787 312) is a Credit Representative Number 490057 authorized under Australian Credit License Number 390261, Finance Brokers Association of Australia Limited Member Number: M-345414, and registered with the Australian Financial Compliants Authority Limited.

Comparison websites are straightforward – they let you compare home loan products from different banks quickly and easily, but they can be limited in terms of customization.

Brokers can provide personalized advice and service, but they are often limited by broker clawback – a policy that prevents brokers from informing homeowners about better deals for up to two years after the original loan is taken out. It’s not always in the broker’s best interest to inform homeowners of a better deal if it’s under two years because if they do, the bank takes back the broker’s commission.

Open offers the best of both worlds: convenience and flexibility of a comparison website, with the personalized service and expertise of a broker. We’re a unique blend of both that’s designed to make your life easier.

With Open, you can have peace of mind knowing that your home loan is constantly being monitored to identify opportunities for savings. This means you won’t have to worry about missing out on better rates or losing money in interest payments. The best part? We take out all the guesswork and do all the heavy lifting for you.

Our goal is to increase the likelihood you’re on the best rate with your current bank. Once rate tracking starts, we’ll get notified once we find another loan option that meets your requirements.

Next, we reach out to your bank on your behalf while using that same information to negotiate. Your bank will then have plenty of time and information to review your rate and offer you a fairer deal.

To do this, you’ll need to provide us your loan account number (no passwords or sensitive information) during Sign Up then we automatically review your rate based on the negotiation frequency you set.

The simple answer: The choice is yours to make. We get your requirements before everything else then we do the rest. Because we’re Open – you’ll get the highest level of transparency – without ifs and buts. 

You’ll have all of the information you need to make an informed decision without being kept in the dark. Choose to stay with your current bank or switch to a new one – only if it’s worth it.