Sharechat Logo

E-Loan -- NZ yes, Australia no?

By Phil Boeyen, ShareChat Business News Editor

Tuesday 5th September 2000

Text too small?
The home loan service of listed tech company, e-Ventures, is ploughing ahead with further online developments despite rumblings of tough times across the Tasman.

E-Loan New Zealand says it is adding the ability to chat live with a consultant at its website, and has also added the ability to access the site with WAP (Wireless Application Protocol) hardware.

It is also offering home loan products from six new lenders, bringing to the total number of lenders to 24.

Since it launched its website in June, E-Loan New Zealand says it has received over 250 home loan applications.

However it appears to be a different story in Australia, where a media report claims the brand is struggling, and the company there says it is "re-evaluating" E-Loan.

It's believed E-Loan Australia has spent millions on television advertising but online borrowers have not been knocking on its doors.

The media report says the Nasdaq-listed E-Loan reported a net loss of $US47.9 million for the six months to June 2000, with the company saying it expected this level of loss to continue for the foreseeable future.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Tech stocks keep investors guessing

IRG See IRG research reports