Iden Group Home Loan Review
Owned by: Privately owned
Funded by: Advantedge (NAB) and Firstmac
LMI provider: Genworth and QBE LMI
Lender type: Non-Bank, Mortgage Manager
Iden Group is a small non-bank lender based in Parramatta in Sydney, with branch offices Australia wide. They offer home loans and are very experienced with car loans and equipment finance.
Iden is a smaller lender, which means they can offer a personalised service that most other lenders can’t compete with.
However, because they’re small, they don’t have the scale to offer a range of funders like other mortgage managers do. Their partnership with Advantedge (NAB) allows them to offer low interest rates that wouldn’t normally be available through such a small lender.
How do Iden Group’s home loans compare?
They’re great at
But they’ve got some drawbacks…
- Their lending policy through Advantedge is very strict
- People with a bad credit history not typically considered
- Not many mortgage brokers are accredited with Iden
- Their low doc loan range is very limited
- They don’t have a range of funders like other mortgage managers
- Some smaller brands may hike interest rates after your loan is advanced
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They’re experts in car loans and equipment finance
The car loan industry is a bit problematic and has a few unscrupulous operators. Iden are experienced in car loans and equipment finance and are a good choice if you don’t want to go to your bank for a car loan.
They have a range of products on offer including low doc and no doc loans.
What home loans types do they have?
Their home loans funded by Advantedge (NAB) include variable, fixed and line of credit home loans. They have a low doc loan, however, it isn’t as competitive as options that are available from other lenders.
Compare Iden to other lenders
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Talk to one of our mortgage brokers by calling us on 1300 889 743 or complete our free assessment form.