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7 News Exclusive: People Powered Approach To Home Loans

7 News Reporter, Jackie Quirst, shed light on Craggle's revolutionary approach to using collective bargaining to negotiate better interest rates with banks.

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Watch the full story here.

The Australian home loan market was recently taken by storm as Craggle featured in a 7 News Exclusive. Australia's most-watched news program described Craggle as a "people-powered platform" that is redefining how mortgage holders can reduce their loan costs and gain more financial freedom.

The Spotlight: What 7 News Had to Say

The opening of the exclusive segment set the tone: "A new people-powered platform is helping Australian mortgage holders cut their home loan costs. The service uses collective bargaining to pressure banks to lower their rates," said the 7 News. Jackie Quist elaborated, "It's the latest way to secure home loan savings. A new crowd-haggling platform called Craggle acts on behalf of bank customers, using people power to obtain better deals—typically rates that can't be found on websites or aren't advertised elsewhere."

Real Stories: How Craggle Has Helped Australians

Mark Williams, a Craggle customer who is semi-retired, spoke about his experience: "We're 1.14% better off which pretty much cancelled out the last three of the Reserve Bank rises." Williams further stated that his interest rate was slashed from 7.38% to an under-the-average rate of 6.24% thanks to Craggle. "A pressure release" Mark added.

How Craggle Works

"Craggle groups individual bank customers together then gives lenders a chance to retain them with better deals while seeking refinancing options elsewhere," Jackie Quist explained. This sentiment was confirmed by Luke Oxley, the Co-Founder & CEO of Craggle, who highlighted a case where a school teacher from the Gold Coast saved about 1% on their Home Loan through Craggle, equating to an incredible $900 per month, or about $268,000 over his remaining loan term.

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Expert Opinions

Taylor Blackburn from Finder affirmed Craggle's beneficial impact: "They're doing the hard yards for you, so you don't have a lot to lose. So it's an interesting prospect. We're all for anything that helps people save money."

The Bigger Picture

The feature on 7 News couldn't have been timelier. With interest rate rises adding almost $15,000 a year to the average home loan, Craggle is not only timely but imperative for anyone looking to navigate the turbulent waters of home loans.

In a world where everyone deserves a fair go, Craggle is leading the charge by making a real difference to the well-being of home loan holders across Australia. As refinancing options explode amidst the rising interest rates, Craggle is here to provide Australians the fairness they deserve.

Written By


The Craggle Team

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