86 400 from the obstructs as first neobank that is australian provide mortgage loans

86 400 from the obstructs as first neobank that is australian provide mortgage loans
To express that 2019 is a huge year that is big 86 400 can be an understatement, but today’s milestone is obviously certainly one of their biggest yet.

After finding a complete banking licence back in July and completely starting bank records and cost cost savings reports towards the public in September, 86 400 has today end up being the very first Australian neobank to provide mortgage loans to Australian clients.

In typical neobank fashion 86 home that is 400’s aren’t your typical offering though, alternatively these are typically just available through agents (for now at the very least) via an entirely digitised application and approval procedure.

Based on 86 400, digitising the broker procedure shall all but eradicate paperwork (apart from the agreement of sale) and then make the approval procedure as much as six times quicker than compared to the major Four banking institutions.Read more