Heartland Bank

PHOTO: SUPPLIED Customers won’t need to go into a branch, or even speak to anyone, to apply for a home loan.

Borrowers will be able to access a home loan rate of 2.89 per cent through a new offering launched on Tuesday by Heartland Bank.

It has developed a digital home loan platform through which people will apply entirely online.

The rates on offer start at 2.89 per cent for one year, through to 3.39 per cent for three years.

The lowest advertised one-year rate among the big four banks is 3.39 per cent.

There are no set-up fees for the Heartland product. Customers must have a 20 per cent deposit or 20 per cent equity and plan to live in the property.