Heartland Bank to re-enter residential mortgages

Heartland Bank chief executive Jeff Greenslade says the bank is looking to offer residential mortgages specifically through an online platform

The move is an extension of its Open for Business product which is capable of approving small business loan applications of less than $50,000 in minutes on a smart phone.

"This allows a busy business owner to apply for a loan on the way to quoting on a job."

Greenslade says it is taking the same approach to residential home loans were customers can use their smart phones and get an approval within three minutes.