National Australia Bank-owned 86400 will form a strategic partnership with Plan Australia, one of the country’s largest mortgage aggregators as it continues to grow its broker network.
To date, the neobank has signed 15 strategic partnerships - including 8 major aggregators - and has $675 million in home loans settled and awaiting settlement.
The alliance with Plan Australia adds over 1,600 brokers to 86 400’s network and means over 85 percent of Australian brokers can now access 86 400’s digital home loans.
And the lender has no plans to quit
“We’ve experienced incredible momentum in the mortgage space this year and look forward to building on this and working with even more brokers in the months to come,” said George Srbinovski, head of broker distribution at 86 400.
“With Plan Australia on board, one of the country’s largest aggregators, 86 400 can reach even more brokers than ever before.”
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 homebuyers an alternative mix of features and rates.
Anja Pannek, chief executive of Plan Australia, said: “We are committed to seeing our members grow, thrive, and service their customers with a suite of innovative lending products that span the spectrum of needs. Partnering with 86 400 is yet another step in supporting our brokers excel in the competitive broking world.”