NRMA to offer home loans funded by Bendigo Bank
James EyersSenior Reporter
NRMA Insurance will start offering home loans to its 3 million customers in a distribution deal that will disturb major banks given it involves mortgages being sold directly to customers of highly trusted non-bank brands.
NRMA Home Loans will be funded by Bendigo and Adelaide Bank, under a deal that will funnel new customers to Bendigo to help it grow its balance sheet against the big four lenders.
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