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How to Use the Traffic Light Rate System
How to Use the Traffic Light Rate System

Stay Up-To-Date with rates!

Jimmy Hyde avatar
Written by Jimmy Hyde
Updated over 8 months ago

Lenders are changing their rates off the back of the RBA announcement and to help you stay up-to-date with which rates are current and which aren't, here's a breakdown of the colours you might see.

🟒 Green Rates are up-to-date or the lender hasn't announced any changes yet.

🟑 Yellow Rates are when lenders have announced a future rate change but its effective date hasn't come yet. Whenever you see Yellow, we'll also include a helpful little blurb with when we expect the rate to change.

πŸ”΄ Red Rates are for the lenders that have announced a rate change and Quickli hasn't updated yet. We don't anticipate you'll be seeing much red because our QC team usually has rates updated within a couple hours of them being released by lenders. But if you see a Red Rate you can see by how out of date it is in the explainer when you hover your cursor over the rate.

Rate Override

If you ever encounter a yellow or red rate you can use the Rate Override button to see how your deal will service with the new rates.

If you have questions or concerns about the rates that are displayed reach out to us on the chat box πŸ€“

Happy Calc'ing!

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