CBA’s new digital mortgage to be offered direct
CBA's new digital home loan business will offer 'direct-to-customer' home loans
The Commonwealth Bank of Australia (CBA) has confirmed that its soon-to-be-launched digital home loan, Unloan (part of its venture-scaling entity x15ventures), will be launched predominantly direct via digital channels.
The upcoming direct-to-consumer digital mortgage offering called Unloan, backed by x15, was first flagged last month and is expected to launch “at the end of the year”.
When asked by Mortgage Business about the new product and its distribution, CBA’s group executive of retail banking services, Angus Sullivan, confirmed that it would launch as a direct-to-consumer product.
Read the full article at Mortgage Business.
Original Story Published in the Mortgage Business by Annie Kane on 21 August, 2021
Notes from the editor
Unloan is a new kind of home built for a digital world. We believe home loans should be easier to get and easy to live with. That’s why we have built a Home Loan with an increasing rate discount which you can apply for in as little as ten minutes.
For more information visit www.unloan.com.au
About Commonwealth Bank of Australia
The Commonwealth Bank of Australia (ASX:CBA) is one of Australia’s leading providers of personal banking, business and institutional banking and share broking services. With more than 15 million customers and a history spanning more than a century, the Group’s purpose is to improve the financial wellbeing of its customers and communities. The Commonwealth Bank is Australia’s leader in digital banking and maintains the largest branch network across the country. Headquartered in Sydney, Australia, the Bank operates brands including Bankwest in Australia and ASB in New Zealand. For more information on Commonwealth Bank, visit www.commbank.com.au.
x15ventures is a wholly-owned subsidiary of Commonwealth Bank, with funding from CBA's $1 billion annual technology investment envelope, its own delivery model, and a dedicated management team. x15ventures is working with leading global businesses, including Microsoft, KPMG, to deliver ongoing expertise and support for digital innovators. The CBA venture-scaling entity is building the next generation of solutions for our 15 million customers and beyond by unlocking new value from CommBank's assets through partnerships with the tech and innovation community. x15ventures partners with seasoned entrepreneurs, offering them support, guidance and access to CBA's customer base and distribution networks. For more, visit: www.x15ventures.com.au.
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