86 400 bolsters its broker network with Finsure partnership

86 400 bolsters its broker network with Finsure partnership

Australia’s first smartbank, 86 400, has today announced a strategic partnership with one of Australia’s largest mortgage brokers, Finsure, further boosting its already extensive lending panel and meaning it can help even more Australians secure a smarter home loan, faster.

With over 2,000 brokers on its books, Finsure has experienced incredible growth in the last year, with its settlements increasing by 42% and its total loan book reaching over $56 billion. Partnering with Finsure means even more brokers will now have access to one of the fastest and most streamlined home loan application processes on the market.

Simon Bednar, General Manager at Finsure, said, “We are pleased to announce the addition of 86 400 to our lending panel and to be providing our brokers and their customers more choice when it comes to lending options. Equipping our brokers with one of the most innovative home loans on the market will not only help our brokers excel in the competitive broking world, but will also help more Australians get a leg up on the property ladder.”

George Srbinovski, Head of Broker Distribution at 86 400, said, “With Finsure on board, one of the country’s largest aggregators, we’ll be able to reach even more Australians with our award-winning digital home loan. With next to no paperwork, brokers and their customers are always so surprised by the absolute ease of our digital home loan application process. We’ve experienced strong growth in the past year and look forward to building on this in the months to come.”

This news follows 86 400’s announcing its new 85% Loan to Value Ratio (LVR) tier for Owner Occupied, Principal and Interest home loans, which removed the need to pay Lenders Mortgage Insurance (LMI) with a 15% deposit/equity, knocking thousands off the potential cost of buying or refinancing a property.

86 400 launched its home loan offering with the Own home loan in November 2019, providing the first only and only digital home loan for brokers, with competitive rates and fast turnaround times. Its Neat home loan product was launched one year later, offering Australians an alternative mix of features and rates.

To date, the smartbank has won numerous industry awards for its Own and Neat home loan products, with over $1 billion in home loans settled or awaiting settlement.

To find out more about 86 400 home loans, please visit: www.86400.com.au/homeloans