86 400 launches a Neat new option for Australians to own their home sooner
86 400, Australia’s first smartbank has announced the addition of its lowest variable rate loan, the 86 400 Neat home loan – today boasting the lowest ongoing variable rate via brokers from a bank.
Available to brokers as of Monday 16th November, the Neat home loan has been developed to offer customers an alternative mix of features and rates to provide even more choice when it comes to finding the right home loan for them.
The Neat variable rates start from 2.19% p.a. (2.20% p.a. comparison rate*) and include tiered rates by LVR, no ongoing fees, unlimited additional repayments and redraw facilities.
Being a fully licensed bank, 86 400 is able to offer customers a full range of banking facilities including real-time access to your funds via redraw with OSKO along with a fee free transaction account linked to a Visa Debit card as well as Apple Pay, Google, PayTM and all of the features you’d expect from a bank such as BPay and scheduled payments.
“With home loan rates continuing to drop across the nation, we’re committed to staying competitive for our customers and brokers. Our new Neat home loan is doing just that currently with the lowest ongoing variable rate via brokers from a bank,” said Robert Bell, CEO of 86 400.
Bell continues, “We’re continuing to challenge the status quo of banking to help more Australians buy, refinance or invest with a range of products to suit them. With approval times in as little as two hours, Australians can see there is a smarter way to getting a home loan in today’s competitive market.”
86 400 launched its home loan offering with the Own home loan in November 2019, which has quickly become a favourite of mortgage brokers nationwide who have taken advantage of the digital solution, competitive rates and fast turnaround times.
The 86 400 home loan solution enables digital verification of identity, digital collection of expense and income information and all 86 400 documents are signed electronically. 86 400 however, goes beyond just innovating across the application process for customers, it directly addresses some of the biggest pain points for brokers such as digital accreditation and speed to decision.
In addition to its home loan offering, 86 400 continues to provide customers with a smarter alternative to the way they bank today with features like allowing customers to connect their external bank accounts to the 86 400 app to gain a better view of their financial picture and automatically predicting their regular bills from across all of those connected accounts.
To find out more about 86 400 home loans, please visit: www.86400.com.au/homeloans
* Comparison Rate: The comparison rate is based on a loan of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
