Home lending with smaller players will continue to gain momentum as borrowers increasingly turn away from the Big Four banks. Comparison website Finder says its latest Cash Rate Survey shows growing numbers of experts believe we’ll see loans with the Big Four decline.

Graham Cooke, insights manager at Finder, says the impact could be far-reaching. “A third of our experts think that consumers will move away from the big four due to trust issues and stricter lending conditions,” he says.

“We can expect to see more borrowers turning to smaller and online lenders, which typically offer lower rates to lure new customers. They also tend to have easy-to-use platforms which can mean faster application and approval, lower fees and more personalised service.” Cooke says it’s a great time for borrowers to get a good deal. “If your rate doesn’t have a 3 in front of it, you could be doing better,” he says.

The RBA this week announced a hold on the cash rate at 1.5% for the 28th consecutive time.