Mortgage

Apr
15

86 400 secures national distribution with Vow Financial, readies home loan offering

86 400, a genuine alternative to Australia’s Big Four banks, has secured national distribution with Vow Financial, one of the largest aggregators in Australia – part of the Yellow Brick Road Group. The partnership will enable 86 400 to deliver home loans via Vow Financial’s network of over 1,200 brokers. This development brings 86 400 [...]
By Australian FinTech | Banking . FinTech . Mortgage
DETAIL
Apr
12

HashChing outlines new funding plans

The COO of digital mortgage marketplace HashChing has revealed the company is repeating last year’s fundraising exercise after failing to achieve its $5m target. Last May, HashChing attempted to use equity crowdfunding space Equitise to raise $5m in a month and a half. Interested investors could back the fintech for as little as $250. However, [...]
By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Mortgage
DETAIL
Apr
09

A home run for home buyers: Tic:Toc launches new low deposit home loans and $1000 cashback

Award-winning fintech company, Tic:Toc, today announced the launch of its low deposit home loans, offering low-cost digital home loans to customers with as little as a 10% deposit. The fintech has simultaneously launched a $1000 cashback offer to all customers who take out a Tic:Toc home loan.  Tic:Toc’s new low deposit option, allows customers with […]

By Australian FinTech | Borrowing . FinTech . Lending . Mortgage
DETAIL
Mar
27

RBA warns the banks ‘don’t be stingy’

The Reserve Bank of Australia has warned banks to loosen up their lending practices when approving home loan applications. Following the Royal Commission banks have become cautious and their frontline lending staff are knocking back home loan applications which usually would get approved. Speaking at a function in Perth, Reserve Bank assistant governor Michelle Bullock […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending . Mortgage
DETAIL
Mar
25

Borrowers switch to P2P lending for home loans

The irresponsible lending practices uncovered by the year-long inquiry by the Royal Commission on big banks seemed to have pushed borrowers to alternative lending providers, the CEO of peer-to-peer loan provider SocietyOne said. SocietyOne’s Mark Jones told Yahoo Finance that peer-to-peer loans have already gained traction in the industry. In fact, figures from the Australian […]

By Cameron Dart | Borrowing . FinTech . Lending . Mortgage . Peer-to-Peer
DETAIL
Mar
20

Virgin launches new digital portal for mortgage applications

The lender has announced the launch of a new digital platform designed to improve the efficiency of the home loan application process for mortgage brokers. Virgin Money Australia has revealed that it plans to issue the majority of its home loan applications via its new Digital Acceptance Document Portal. The online delivery and signing platform […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Mortgage
DETAIL
Mar
11

SocietyOne and Loan Market collaborate to broaden customer offering

Australia’s leading marketplace lender, SocietyOne, and Australasia’s largest family owned mortgage brokerage, Loan Market Group, have joined forces in a new partnership through which Loan Market will distribute SocietyOne personal loans. The partnership indicates a growing trend of brokers embracing alternative lenders in the wake of the banking Royal Commission, according to SocietyOne, as consumers […]

By Australian FinTech | Borrowing . FinTech . Lending . Mortgage
DETAIL
Mar
08

Fintech unveils mortgage under 3.5%

Fintech and online lender loans.com.au has unveiled its newest home-loan offering for owner-occupiers with a low interest rate of 3.48%. Dubbed the Smart Home Loan, the mortgage product is a principal-and-interest loan that has no ongoing fees and has a comparison rate of 3.5%. The product has a maximum loan amount of $1m and has […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Mortgage
DETAIL