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LoanOptions gets new local BDM

LoanOptions expands its New Zealand team.

Wednesday, May 29th 2024, 10:01AM

Manish Chandra is the new senior business development manager at NZ LoanOptions.ai.

LoanOptions is an Australian based business which offers an AI solution to help mortgage advisers connect customers with appropriate lenders. It has five staff in New Zealand.

Chandra says his role is to service the adviser channel by expanding and optimising the company's reach within the New Zealand mortgage sector.

"Originally, I'm from India where, interestingly, I graduated as a Mechanical Engineer. However, during the engineering course I realised my true calling was the financial services industry as this empowered me to help people in need of financial assistance. So, I started my career as assistant manager in a bank there. Soon, it became clear to me that in order to tread smoothly and be more efficient, I needed a deeper understanding of the finance industry," he tells TMMOnline.

"Hence, my pursuit for higher education brought me to Auckland in 2014. Here, I studied Post Graduate Diploma in Business Administration majoring in Finance, from Auckland Institute of Studies. My journey into the New Zealand financial services started while I was still studying. In this last decade, I have actively worked in different segments of the industry, namely retail lending, car dealership, trade credit and most importantly, mortgage. My exposure to these segments have given me a unique understanding of how to cater to a customer's needs for different financial solutions.

"My aim is to showcase the benefits of our proprietary AI technology to the end-users, lenders and our partners," he says.

Tags: Advisers

« FMT adds a second Chch BDMLiberty adds a Wellington-based BDM »

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 3.34 - - -
AIA - Go Home Loans 6.14 ▲4.75 5.25 5.29
ANZ 6.04 ▲5.39 5.89 6.09
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - ▲4.79 5.29 5.49
ASB Bank 6.04 ▲4.75 5.25 5.29
ASB Better Homes Top Up - - - 1.00
Avanti Finance - Near Prime 6.60 - - -
Avanti Finance - Specialised 7.75 - - -
Basecorp Finance 6.35 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 6.19 - - -
BNZ - Rapid Repay 6.19 - - -
BNZ - Std 6.09 4.79 5.29 5.29
BNZ - TotalMoney 6.19 - - -
CFML 321 Loans 4.20 - - -
CFML Home Loans 6.30 - - -
CFML Prime Loans 6.45 - - -
CFML Standard Loans 7.20 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Co-operative Bank - First Home Special - ▲4.74 ▲5.29 ▲5.59
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 5.34 ▲4.84 ▲5.39 ▲5.69
Co-operative Bank - Standard 5.34 ▲5.34 ▲5.89 ▲6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 5.09 5.49 -
First Credit Union Standard 6.49 5.69 6.09 -
Heartland Bank - Online 5.80 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 6.50 5.50 5.65 -
ICBC 5.39 4.49 4.99 5.25
Kainga Ora 5.79 4.59 4.95 5.19
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 6.00 5.65 6.09 6.19
Kiwibank - Offset 6.00 - - -
Kiwibank Special 5.75 4.75 5.19 5.39
Liberty 6.65 6.55 6.22 6.20
Nelson Building Society 6.49 4.69 5.09 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 5.84 ▲5.39 5.89 5.89
SBS Bank Special - 4.69 5.29 5.29
SBS Construction lending for FHB 3.74 - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 3.29 ▲4.29 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank 6.59 5.49 6.05 6.29
TSB Special 5.79 4.69 5.25 5.49
Unity First Home Buyer special - 4.15 - -
Unity Special 5.79 4.80 5.29 -
Unity Standard 5.79 5.60 6.29 -
Wairarapa Building Society 6.15 4.95 5.45 -
Westpac 6.14 ▲5.59 ▲6.05 ▲5.95
Westpac Choices Everyday 6.24 - - -
Lender Flt 1yr 2yr 3yr
Westpac Offset ▲8.64 - - -
Westpac Special - ▲4.99 ▲5.45 ▲5.35
Median 6.19 4.85 5.42 5.49

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