• Contact
  • Feedback
Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Kogan to move into home mortgages

05 September 2018 5:11PM
According to an ASX announcement late last week from Kogan.com, the next business venture from the pure-play online retailer will see the company branch out into the mortgage sector. Fresh from last month's 277 per cent rise in full year profit to A$$14.11 million - an increase of more than $10 million in one year - the ASX-listed Kogan.com has signed multi-year agreements with Adelaide Bank and Pepper group. These deals will see Kogan Money Home Loans, to be launched in FY19, become the first of several financial services products Kogan plans to offer that year.Under an agreement with two lenders, Kogan will call on Adelaide Bank to offer conforming or prime home loans. Pepper will make near prime, non-conforming or specialist, home loans.Kogan stated it will pocket fees from every mortgage, although details such as the pricing of fees and interest charges are expected closer to the launch date.This latest venture adds to the diversification from Kogan.com, which already has home and contents, car, landlords and travel insurance policies among its online offerings. This insurance is underwritten by Hollard Insurance.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use