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Average ratingAverage
3.0/ 5

Based on 10 reviews

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What reviewers say about Rate City

Generated with AI from 10 reviews on Trustburn · updated 3 days ago

Reviews are split roughly evenly, with half of customers rating the site 5 out of 5 and praising it as a user-friendly, informative resource that made comparing loans and other financial products easy. The other half gave it 1 out of 5, citing poor experiences with referred brokers, lack of follow-up, and inadequate customer support, which has led to an overall average rating of 3.0 out of 5.
What does Rate City do?

Rate City is described as one of Australia's leading financial comparison websites, helping users find and compare interest rates, home loans, credit cards, personal loans and related products. It offers tools such as repayment calculators and real-time ratings for popular loans.

What are the most common complaints about Rate City?

The most common complaints involve being referred to unhelpful or pushy brokers, including experiences of being asked to misrepresent contact with the referred broker and being charged referral fees regardless of service. Other complaints mention unresponsive or unprofessional interactions, such as an interview process with no follow-up and a non-functional live chat that only asked for contact details instead of answering refinancing questions.

AI-generated from reviews on this page. Verify anything important with the company directly.

Bernard Hannemann
Reviews 1

Had the worst home mortgage broker referral of my life.
They referred an enquiry to Glenn Rowan from Get Interested - Finance & Property Investment Pty Ltd.

One enquiry sent through RateCity and I get the following request to lie and then a nasty email guilt tripping me for not wanting to lie:

Glenn: "If you don t need my assistance could you please do me a favour and let Rate City or Effi know that you haven t spoken to me, as it costs me $150.00 for your enquiry to be sent to me, even if I don t assist with anything and I can t afford to be throwing $150.00 out.
I hope this is ok?
Please let me know and if it is ok, please tell them you haven t spoken to me and don t require my assistance?"

Glenn: "No replies, no contact and a waste of $165.00 once again. Sick of paying for leads that are a waste of money and time?"

I emailed him to ask him to stop communication and I get this very childlike response which is far from professional:
"The email was meant to go the lead provider not you.
How dare you make accusations and make out I m not a good broker?
You don t know me and I m glad I didn t help you either?
Threatening me with an ombudsman?
Excuse me?
Maybe I wouldn t want you as my doctor, that s if you are one?
Be careful what you claim as someone behind a computer can always be so smug as to make threats and degrade someone?
What is that called, there right a bully or someone who doesn t care about the recipient?
Don t contact me again either!!!"

If that's the sort of broker you want handling your life savings then please go ahead and book in as I'm sure he'll be happy to help out. I'll pass on this one.

Kevin Nolen
Reviews 1

Trying to sell a car. The buyer went through ratecity which use verimoto to confirm the existence of the car and buyer? Wouldn't accept bank details unless on official statement. Hell to the no. Sold cars before with bank cheques without hassle. In the end the buyer got enough money and paid himself because it was easier than dealing with this mob

Blue Franco
Reviews 1

I'm not sure why rate city has a chat functionality on site when no one is there to assist? I had a question regarding refinancing my property and the only response I received was: can we start with your name and to provide my email.. When I'm already registered in their database.

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About Rate City

Find & compare leading interest rates, home loans, credit cards, personals loans and more on RateCity, one of Australia's leading financial comparison websites.

RateCity is a leading financial comparison website in Australia that helps consumers find and compare the best interest rates, home loans, credit cards, personal loans and more. With a user-friendly interface and comprehensive database of financial products from various providers, RateCity makes it easy for consumers to make informed decisions about their finances.

One of the key features of RateCity is its ability to provide up-to-date information on interest rates across different financial products. This means that users can easily compare rates from different providers and choose the one that suits their needs best. Whether you're looking for a home loan with a low interest rate or a credit card with rewards points, RateCity has got you covered.

In addition to providing information on interest rates, RateCity also offers detailed product reviews and comparisons. This allows users to get an in-depth understanding of each product's features and benefits before making a decision. The website also provides helpful tools such as calculators that help users estimate repayments based on different scenarios.

Another great feature of RateCity is its commitment to transparency. The website clearly displays all fees associated with each product so that users can make an informed decision about which option is right for them. Additionally, the site does not accept paid placements or endorsements from any provider, ensuring unbiased recommendations.

Whether you're looking for your first home loan or trying to find the best credit card rewards program, RateCity has everything you need to make an informed decision about your finances. With its comprehensive database of financial products and commitment to transparency, it's no wonder why so many Australians trust this site as their go-to resource for all things finance-related.

So if you want to stay ahead in the game when it comes to managing your finances effectively then look no further than Rate City!

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