An Australian first: goes live!

Australians can now access private quotes from major finance organisations with the launch of a new finance comparison marketplace called DealMax.
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Nov. 27, 2012 - PRLog -- 27 November 2012, Melbourne: (DealMax), a marketplace that allows consumers to request private quotes and access exclusive deals directly from Australian financial institutions, has launched.

As a true marketplace, DealMax ( facilitates two-way and real-time exchange of information between consumers and an ever growing number of financial institutions.

With consumers increasingly conducting research online and with banks now readily offering ‘personalised’ pricing to prospective customers, the site could not have come at a better time.

Pedro Goncalves, Chief Executive Officer and Founder of DealMax, says “The best rates on money are not always publically displayed, so we’ve created a way for consumers to get these online in seconds.”

The company has spent years building its unique technology platform in consultation with consumers and financial institutions across Australia.

“We’ve put a lot of effort into getting this right. Consumers, on the one hand, have told us they want better online price discovery capabilities than those offered by existing rate comparison sites. Banks, on the other hand, have been waiting a long time to be able to segment and target customers with different rates via the online channel. Our model delivers real value to both sides of the market,” says Mr. Goncalves.

Using DealMax, a person seeking home loan rates, for example, can enter simple information such as the amount they wish to borrow, how much they have to put towards the deposit and the state they live in. They can then select the participating financial institutions they wish to receive a private quote from. DealMax then moves the individual into a private and secure environment where the quotes appear in seconds.

Moving the user into a private environment is important because the rates shown are not necessarily the rates financial institutions publically display.

It’s a free and no obligation service and users remain anonymous unless they wish to take advantage of a quote.

Unlike some websites, which ask consumers to enter their contact details and then send these off to a broker, DealMax promotes consumer-direct-to-bank communication. There are no broker commissions paid to DealMax.

Owen Harris, Head of Business Development, says “The outcome is probably no different to picking up the phone, calling eight banks, which could take well over an hour, and asking for their best rate. With DealMax, however, you bypass the phone queues and get the best rates in next to no time.”

DealMax also offers a free membership program. Members receive exclusive deals on a wide range of financial products from participating financial institutions.

“The great thing about membership is that we send you exclusive deals that are not available elsewhere. Even if you don’t want to take up an offer, membership allows you to constantly check you’re getting the best rate on your savings or paying the lowest interest on your loans,” says Mr. Harris.

One lucky DealMax Member will also win $5,000 cash in the coming weeks. Entry into the draw is automatic upon becoming a member. The cash giveaway is sponsored by CUA.

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Source:DealMax - Great Deals on Money Products
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Tags:Compare Home Loans, Compare Credit Cards, Compare Car Loans
Industry:Banking, Deals
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