Bendigo Bank’s range of digital home loans are going from strength to strength with BEN Express hitting $100 million of lending since inception.
The Bank’s digital offering had a bumper October, which saw the highest ever month for applications – helping the Bank to exceed the $100 million new business target set earlier this year.
BEN Express is powered by home loan approvals platform Tic:Toc, which allows customers to apply for a home loan online in minutes and be approved in under 60 minutes.
Chief Transformation Officer at Bendigo and Adelaide Bank, Ryan Brosnahan said it’s a core part of who we are at Bendigo Bank to offer these cutting-edge home loan experiences to customers.
“Bendigo Bank was the first lender globally to offer a digital home loan application in partnership with Tic:Toc and we’re really seeing that innovation take off,” Mr Brosnahan said.
“Our partnership with Tic: Toc, and our recent partnership with acquired business Ferocia both underpin our commitment to partnering for innovation and speed as a core part of our how we bring great customer propositions to life here at Bendigo Bank.
“We’re also working on some great new features for our BEN Express offering which will make applying online simpler and easier – and we can’t wait to share this news with our customers in 2023,” Mr Brosnahan said.
Richard Fennell, Chief Customer Officer Consumer Banking at Bendigo and Adelaide Bank said he expected BEN Express to continue its strong growth into 2023.
“We expect BEN Express to continue its strong growth trajectory, as we continue to give our customers choice, flexibility, and our lowest variable rates, which is increasingly important to people given the economic environment we’re currently in,” Mr Fennell said.