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Athena empowers Aussies to pay down home loans faster with $100,000 giveaway
1 min read | 16 Aug 2021
As many are feeling the financial impacts of recent lockdowns, Athena Home Loans is giving Australian homeowners the chance to win $100,000 towards their home loan.
Everyone who applies for an Athena home loan between now and 31st October will get an entry into the draw for this incredible prize when they are approved.
“Athena’s mission is to help customers pay off their home loan faster!” says Athena’s Chief Marketing Officer, Natalie Dinsdale. “So far we have saved Australians $365 million** over the life of their loans, but we want that number to double as quickly as possible.”
“We launched this competition to highlight to customers that we are on their side and by putting money towards your home loan - you actually save more in the long run.”
“To encourage homeowners to take that step towards financial freedom, we’re putting money where our mouth is and giving away $100,000.”
“When the lucky winner puts the $100,000 prize towards their home loan with Athena - they will effectively double their winnings. On an average home loan, it instantly knocks 8 years off the loan and will save almost $200,000 in repayments over the life of the loan*.”
“We’re proud to deliver all Athena customers no nasty fees, one of the lowest variable interest rates in the market and an automatic rate match. Empowering homeowners to slice a pretty huge chunk of time and money off the life of their loan,” said Dinsdale.
Athena’s Head of Marketing Campaigns, Katie Cummings called on consumers to enter the competition and said everyone taking part would benefit financially by entering.
“Approved applicants will have a chance to win $100,000 towards their home loan. This is on top of the $56,000** the average customer saves just by switching to Athena - empowering them to pay off their home loan faster and live a debt-free life sooner. It’s a win-win.”
“There’s really nothing for Aussies to lose by entering this competition or referring a friend to - just a lot of money to gain,” said Cummings.
Whilst Athena may not be able to lend to everyone who applies, they have a program called Athena Select which matches applicants with other lenders – and all these approvals will be entered too. Existing Athena customers can also enter by referring a friend or moving another property over to Athena.
For more information and to enter the competition, learn more here.
About Athena & Product
Athena launched in February 2019 on a mission to change home loans for good and help Aussies pay down their home loan faster.
All our product features are designed to fulfil this mission:
Rates that reduce as you pay down your home loan and get as low as 1.99%
No fees. None. Zero.
Automatic rates match promise – the first lender in Australia to make a commitment to existing customers that we’ll always match shiny new customer rates for them too on like for like loans
These features mean, on average, our, almost 10,000, customers are saving $56,000 over the life of the loan when they switch to Athena and are 3 years ahead on repayments.
You’ve got nothing to lose except your home loan!
Start saving a whole lotta time and money
*Estimated savings based on average loan of $432k (ABS May 2021) and RBA average rate of 2.88% (May 2021) and monthly repayment amount of $2000.
*The interest savings estimate is an average of modelled savings of real customers who have refinanced to Athena since launch. The savings are modelled estimates only and are not a prediction. The actual future savings of these customers may be higher or lower. The estimated savings depend on assumptions that may change over the life of the loan, such as future interest rates and future borrower repayment behaviour. In making the average savings estimate, we assume the rates of the existing lender and Athena continue for the life of the loan, and we do not include the fees which may be charged by the existing lender. The remaining term and repayment frequencies are assumed to be the same as the Athena loan, and all repayments are assumed to be made on time with no redraws or credit limit increases. Every borrower’s situation is different. Your actual savings opportunity may differ from this average.