How Joust works

Joust gets banks and lenders to battle against each other to help get you the best home loan rate. It takes just 3 minutes to set up, is free to use and won’t affect your credit rating. 

Here’s how Joust works.

1. Set up your Joust

You’ll need to enter some key info:

To ensure we get you the best rate available, make sure all information entered is correct as this information is also used to obtain your credit score. Your credit score will help lenders determine your creditworthiness for a mortgage and if the information entered is incorrect your Joust won’t register with the lenders. The higher your credit score, the harder lenders will compete to get you the best home loan rate. 

•    The desired value of the loan
•    Employment information
•    Your name
•    Your income
•    Your current address


2. Watch lenders battle

A Joust is effectively a reverse auction – banks and lenders bid against each other in a battle to win your business.

Each bid has to be lower than the previous bid. The auction goes for up to 3 business days and you get to watch the bidding online as it happens.


3. You choose who wins

At the end of the Joust, you select the winner if you’re happy with a particular bid. You don’t have to accept any offers and your information is kept private until you choose a winner.

Using Joust is obligation free, its free to use and won’t affect your credit rating. There’s no pressure. No strings attached. Just access to the best rates going.