Q: How much does it cost to use Monetas?

Nothing. Our service is free. We are paid a commission by the lender when your loan settles, and we share how much we are paid in your Credit Proposal.

Q: Where do my savings come from?

Your savings come from two places: a lower cost loan found through our wider search of 80+ lenders, and an ongoing cashback where we pass back our trail commission to you.

Q: How is my cashback calculated?

We find the lowest cost loan in the market that fits your needs, even if it is from a lender we don't work with. This is the benchmark. We then find the closest match from lenders we can access. If our recommended loan costs more than the benchmark, we refund the difference from our commission so you pay no more than the benchmark cost. At a minimum, you always receive a cashback equal to the trail commission.

Q: How is Monetas different from other brokers?

Three ways. First, we search 80+ lenders including those that don't pay us commission, so we find the true lowest cost loan. Second, we pass back our entire trail commission as cashback, making your loan cheaper than going direct. Third, we re-optimise your loan every 3 months or after RBA rate changes, so the savings don't disappear over time.

Q: How do I know you're not biased toward certain lenders?

We compare 80+ lenders, including many who don't pay us a commission. We are independently owned, not by any lender. And we back it with our Savings Commitment: if you find a qualifying loan with a lower total cost elsewhere, we will either present a comparable or better option or provide $1,000, subject to terms and conditions.

Q: What if interest rates change or better loans become available later?

We re-optimise your loan every 3 months or after RBA rate changes. If a new product could lower your cost, we alert you and help you switch.

Q: Are you just another cashback broker?

No. Cashback brokers typically refund only the trail commission. We go further: we benchmark your loan against the lowest cost option across 80+ lenders, including ones we can't access, and provide additional cashback so that your total cost is no higher than that benchmark. We also re-optimise every 3 months, which cashback brokers do not offer.

Question 1

Australian Owned & Operated & Regulated

Answer

Regulated & supervised by ASIC, AFCA, and MFAA
Australian credit licence 389087 | Australian credit representative 565680

Question 2

Includes Lenders that don't pay us

Answer

Not owned by a Lender. Zero conflict of interest.
Search across 80+ lenders including the ones that are on typical lender panels

Question 3

Smart use of technology to lower your cost

Answer

Use of open banking and A.I intelligently to reduce your document gathering work, find better products, and lower the cost of processing

Question 4

How much does it cost to use Monetas?

Answer

It costs you nothing. We’re paid a commission by the lender when your loan settles. We share how much we are paid in your Credit Proposal.

Question 5

Where do my savings come from?

Answer

Your savings usually come from two places:
* A cheaper loan than the one you currently have.
* Cashback — we give part of our commission back to you.

Question 6

How is my cashback calculated?

Answer

We start by finding the lowest-cost loan in the market that fits your needs — even if it’s from a lender we don’t work with. This is the benchmark. Then we find the closest match from the lenders we can access. If our recommended loan costs more than the benchmark, we refund the difference from our commission so you pay no more than the benchmark cost. At a minimum, you’ll always receive a cashback equal to the trail commission.

Question 7

How can you assure savings?

Answer

Three ways. First, we search across 80+ lenders to find you a genuinely competitive rate. Second, we pass 100% of our trail commission back to you, reducing your effective rate further. Third, we back it with our Savings Commitment: if you find a lower total-cost loan elsewhere, we'll pay you $1,000.

Even if your current loan is already well-priced, our cashback means you'll pay less than you would staying where you are or going through a traditional broker.

Question 8

How do I know you’re not biased toward certain lenders?

Answer

We compare over 80 lenders, including many who don’t pay us a commission. We’re independently owned, not by any lender, and do not have a conflict of interest.

Question 9

Ok. So, what's the catch?

Answer

There isn’t one — but here are some key details:
* You must be eligible for the recommended loan.
* If your circumstances have changed significantly since your original loan, such as reduced income or higher debt, refinancing may not be available, or may not lower your costs.
* The cashback is paid yearly, and as long as your loan remains active through Monetas.
* To keep your loan optimised, we re-check your benchmark and cashback periodically. If there’s a change in your cashback or total cost, we’ll send you an updated savings analysis so you always know where you stand.
* Full details are in our Loan Savings Terms.

Question 10

What if interest rates change or better loans become available later?

Answer

We keep monitoring your loan and the market. If a new product could save you money, we’ll alert you and help you refinance easily.

Question 11

Are you just another cash-back broker?

Answer

No. Cash-back brokers typically refund only the trail commission. We go much further — not only do we refund the trail commission but we also provide additional cashback to match the benchmark, which is the lowest-cost loan across that we can find that also meets your needs.

Question 12

Have more questions?

Answer

See here for more FAQs.

Answer 1

We see rates most brokers literally can't show you. We then filter for your specific situation (LVR, loan purpose, property type) and factor in all lender costs (application fees, discharge fees, any lender cashbacks) to find the lowest total-cost product for you. This is your benchmark.

Answer 2

Some lenders don't work through brokers, or your situation might not fit their criteria. So we find the lowest-cost loan you qualify for and is matched to your requirements. Sometimes, this is the benchmark itself. When it's not, step 3 closes the gap.

Answer 3

We pay the gap between your loan cost and the benchmark as cashback. And if our trail commission is higher than that gap, we pass on the higher amount. That means your effective cost can end up lower than going direct to the lender. We repeat the benchmarking process every 3 months and after every RBA rate changes, so your savings don't erode over time.

Find your lowest cost home loan or $1,000 on us^*

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New Purchase or Refinace

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Features

Monetas

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An Expert that Pays You

Save where it truly Matters

What could you do with the savings?

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Frequently Asked Questions

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Important Information

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80+