Xinja was recently granted an ACL by the regulator ASIC! This is an Australian Credit Licence and it means that very soon we can offer home loans. Our goal is to able offer a 20 minute loan, where customers can start an application and be approved within that amount of time. This is scheduled for May or June.
It’s the first of 3 licences we’ve applied for, the others (an AFSL and a RADI) will allow us to offer a transactional account and call ourselves a bank. We’re hoping to get these also by May or June.
The home loans we’re designing are based on a lot of the feedback we’ve had from Founding Xinjas. We’d love to hear your thoughts & ideas about what would make an ideal home loan for you and how you’d like to see it work across all your financial bits and pieces. So please let us know below.
We’ve had a lot of people asking to get one of the first Xinja home loans - if you’d like to be an early Xinja home-loaner - let us know also!