Eventures pleased with online loan deals

The first e-business offshoot of listed internet accelerator company eVentures New Zealand has done its first deals.

Five weeks after its launch E-Loan New Zealand said it has received almost 150 applications for home loans, totalling more than $23 million.

The speedy timeframe in which the first settled applications have been achieved was a global first for the E-Loan international company.

"It's a particularly pleasing result given the current subdued market and the drop in house purchasing levels compared with last year," E-Loan New Zealand chief executive Bruce Gordon said.

Eighteen of the country's top lenders, including the four largest banks, have made their home loans available online through E-Loan.

E-Loan allows customers to compare hundreds of loan options online.

EVentures, a company backed by media mogul Rupert Murdoch and local entrepreneur Craig Heatley, floated in June with a $30 million share offering.

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19th June 2019 Morning Report