: Since this blog post is had written Nano has expanded its eligibility requirements to include house income more than $100k and you may LVR of 80% or below.

If you’re almost every other loan providers have trouble with enough time turnaround times and you may clunky recognition techniques, fintech Nano have introduced an alternate mortgage where mortgage acceptance are supplied at that moment. What’s the hook?

New home loan is being given by Nano, that is perhaps not a vintage financial, co-creator Andrew Walker says to Finder.

Its a financial technical providers one employs complex research and you will imaginative electronic technologies, supply people ideal financial services, the guy teaches you.

Nano’s first financial product is available with an incredibly competitive varying interest regarding dos.19%. Crucially, its sleek on the internet home loan procedure claims application approvals just moments maybe not months otherwise months, with some loan providers already mired during the backlogs through providing a virtually all-digital, paperless feel.

Nano electronically approves home loan apps within seconds, maybe not weeks… We explore county-of-the-artwork tech to evaluate investigation on the applicants’ financial purchase record so you can make a risk character, and gauge the ability to service a mortgage [immediately], Walker confirms. (more…)