New fintech uno & 86 400 bank partner to offer digital home loan solution
Australia’s first digital home loan solution provider uno announced that neobank 86 400 has joined its lender panel. Both 86 400 neobank and uno are challengers in the digital mortgage driving competition and delivering options to meet and enhance the lives of Australian homeowners.
86 400 is Australia’s first smart bank and the first neobank to partner with uno as a lender partner. It plans on giving customers access to digital home loans with competitive rates, negligible paperwork and 6 times faster approval than a Big Four bank. The partnership arrives at a pivotal juncture as application turnaround times for some home loan lenders in the non-digital space continue to lag.
86 400’s partnership with uno
With 86 400’s home loan product called ‘Own’, after lodging an application through an uno broker applicants can finalise their applications right form their smartphone. The product of 86 400 dramatically simplifies and enhances the application process by eliminating the guesswork and other endless hassles.
The neobank’s home loan products which are available for refinancers, purchases, owner-occupiers and investors is a fully-featured loan with variable and fixed rate options. Earlier in August, the neobank introduced tiered variable rates for borrowers which gives customers with higher deposits access to lower rates. Their variable rates begin from 2.59 per annum.
86 400 CEO, Robert Bell says uno’s customer-first mindset to doing business aligns perfectly with their own, helping Australians take charge of their money. Mr Bell adds that the bank’s smarter approach towards loans doesn’t just include better rates but also a streamlined digital application process and a super-fast approval time which means borrowers can own their home sooner, he adds.
About uno and its digital home loan solution
Australia’s first digital home loan solution helps Australians to move into their own home via a better home loan. The home loan management services helps customers find and apply for a home loan across top 30 lenders in Australia. Their team of home loan specialists helps customers negotiate with lenders and navigate through the home loan approval process.
The specialists also help customers save money on their home loans via a three-stage Active Home Loan Management system, analysing the industry everyday and alerting prospective customers when they can save through timely updates.
Anthony Justice, uno Home Loans CEO says their #1 goal at uno is to make the home loan process seamless, easier and more transparent to help its customers get great rates and stay on great rates. They know that their customers wish to do more online, so being able to bring a digital lender onboard to complement their digital broking is a critical step in their mission to be the go-to destination for a competitive and fast-growing online home loan, he adds.
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