Bunq becomes the first European digital bank to offer mortgages

Dutch digital bank Bunq is taking a new step and will offer mortgages from early 2022.

In order to provide this service, bunq has entered into a partnership with Tulp Hypotheken (a Dutch loan platform).

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Bunq wants to distinguish itself with the promise to come up with a review within 24 hours after documents are delivered.

“I remember waiting for a review was incredibly stressful when I bought my house,” Ali Niknam, founder and CEO of Bunq, told Business Insider.

By taking the first steps into mortgage lending, bunq has once again shown itself to be at the forefront of innovation in digital banking.

Ali Niknam, founder and CEO of bunq, said: “At bunq we are constantly innovating and evolving to serve our users. Becoming the first digital bank in Europe to offer our users mortgages is an incredibly exciting development for everyone at bunq”.

Paul Wessels, co-founder and CCO of Tulp Group, said: “Tulp is excited to support bunq to become a successful new lender in the Dutch market. This partnership is a great opportunity for the further positioning of our existing Dutch lending platform.”

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In addition, bunq intends to support climate-conscious consumers in making their homes more environmentally friendly, for example by using insulation or solar panels.