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In a bid to become a viable alternative to the majors, intouch Home Loans will substantially grow its regional footprint over the next 12 months
The non-bank lender plans to open branches in Dubbo, Armidale, Albury, Nowra, Orange, Bathurst, Port Macquarie, Coffs Harbour, Lismore, Grafton, Parkes and Singleton.
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Chief executive Paul Ryan said the move would provide genuine job opportunities for these communities, as well as a much-needed alternative to the big four banks.
“Under the banner of intouch Finance, rural and regional Australia will get greater access to financial products, including home loans, commercial loans, business finance, farm financing, debtor finance, asset and leasing finance, wealth creation through financial planning and risk insurance,” he said.
Mr Ryan added that he understood the pressures facing country people.
“My own family experienced troubled times, and it has a huge impact for everyone involved,” he said. “Unfortunately, many families continue to face the same kinds of pressure and are struggling to find financial options as the banks monopolise the marketplace.”
