St. George Bank has joined the ranks of companies looking to capitalise on the power of the iPhone by launching a home loan calculator app for prospective home buyers.
The Home Loan Calculator App for the iPhone and iPod Touch is the first of its kind to be released by an Australian bank and allows users to calculate how much they can borrow and what their monthly home loan repayments will be, along with information on which suburbs they can afford to buy based on median house and unit prices of suburbs across Australia.
The app’s release comes as the popularity of iPhone banking continues to increase, with more than 60,000 individual customers using St.George Bank’s mobile banking service since it launched on iPhone and iPod Touch devices in March this year.
Commenting on the launch of the app, St.George Bank’s head of eDistribution and internet, Travis Tyler said: “The number of customers using mobile banking is increasing by more than 20 percent each month and we are increasingly seeing customers use their iPhone for more of their banking needs.”
The St.George Home Loan Calculator App is now available to download for free from Apple’s iTunes or iPhone App store.