Athena Home Loans

Logo for Athena home loans.

This fintech lender touts its low rates as a product of its efficient platform. Athena is planning to launch in 2019.

Athena is a new fintech mortgage provider that promises to use its technology to streamline the home loan process and deliver low rates to borrowers.

Athena – everything we know so far

Athena's mortgages aren't available to the general public right now. But according to their website, Athena:

  • Will only offer home loans and says its platform allows it to access a variety of funding sources which will help it undercut its competition on rates and fees.
  • Is backed by Macquarie Bank, Square Peg, Hostplus, Rice Warner, Apex Capital, Resimac Group and Airtree Ventures.
  • Will use bank-level encryption to keep customer data safe.

A fintech lender, not a neobank

Athena is an Australian fintech company but it is not a neobank. New digital banks like Xinja, Up and Volt Bank offer similar high-tech finance solutions, but they are competing with traditional banks in areas such as savings accounts and payments. Athena is solely focused on mortgages.

What home loans will Athena offer?

Athena is launching new products in early 2019, but its home loan is currently in its pilot phase. As of January 2019, the lender offers a home loan for refinancing for borrowers who fit the following criteria:

  • PAYG employee (primary applicant)
  • LVR of 80% or below
  • Property in a capital city or major metropolitan area

How do I apply for a home loan from Athena?

At present, you can register your interest on Athena's website. You'll be contacted by an Athena lending specialist. Remember that Athena home loans are only available for refinancing, though a purchase loan is set to launch soon.

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