September 4th
We're reducing our pricing!
Hi Zoe,
We have some exciting changes to our interest rates that you need to know about, effective today! Our rates are even more competitive! |
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- Further to our interest rate drops last month, you’ll see sharper rates across the Tier A and B price points in our consumer and commercial plans. You'll see interest rate drops of up to 2.30% p.a. in certain price points and a New Tier A Consumer interest rate of 8.99% p.a.!
- We're restructuring commercial asset age categories to give you access to a more flexible and importantly, better priced set of rates. From now on, the top age category will be New/Demo to used assets aged 3 years or less, with consistent pricing across all eligible assets.
- Introducer support services will be moving back onshore by the 27th of September, giving you access to the help and information you want, closer to home.
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| New/Demo up to 3 years | | Used 4-5 years | | Used 6+ years |
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September 3rd
New Verification guides and important office update
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Our ID and asset verification guides and a half-day in September. |
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Hi Zoe, We at Resimac Asset Finance are committed to providing a fast and smooth process from approval to settlement. Part of this process is verifying submitted ID documents, and asset verification via Olasio. To ensure it runs as smoothly as possible, please refer to these guides on how to complete both the client ID verification, as well as the vendor Olasio asset verification. DOWNLOAD ID VERIFICATION GUIDE › ? DOWNLOAD ASSET VERIFICATION GUIDE › ? Office closure on 18 September.On Wednesday 18 September 2024, our office will be closed from 12:30pm (AEST). On this day, the cut-off for settlement will be 10:30am (AEST). Any emails or voicemails will be promptly actioned upon our return to office on Thursday 19 September 2024. |
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Meet our current BDMs.Our Resimac Asset Finance BDMs are here to assist you. |
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If you have any questions, please don't hesitate to reach out. Keep up to date with everything Resimac Asset Finance, follow us on LinkedIn. Kind regards, |
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September 3rd
Exciting changes to our asset finance product
Hi Zoe, We've listened to you and recalibrated our Asset Finance product and processes to make doing business with us and your clients even easier. Here's our top 5 improvements 1. Headline rate reductions across all asset categories - Rates now starting from 7.75%
- Removal of uplift for Prime Movers
2. Limit increases...Low Doc up to $250K
- Low Doc Tier 1 & Tier 2 Assets up to $250k
- Low Doc Tier 3 & Tier 4 Assets up to $200k
- Easy Doc Tier 4 Assets up to $300k
3. Primary director credit score requirement - Low Doc reduced to 550
- Easy & Full Doc reduced to 450
4. Private sale valuation requirements and cost - We now cover the cost of digital inspections and desktop valuations.
- Onsite valuations not required for Cars, Trucks & Trailer <$250k & <10yrs old EOT
5. Certificate of Currency (CoC) requirements - We no longer require a CoC for any assets under $100k in NAF
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Check out our Business Loan Product Guide for more information and reach out to your Dynamoney BDM if you have any questions or deal opportunities We aren’t done yet; more exciting changes are coming to our Business Loan products very soon!
Thanks,
Your Dynamoney Team
*Terms and conditions apply |
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September 3rd
Important Update: Product Guide August 2024
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Following an internal data review, we have decided to temporarily update our product guidelines. Please note the following changes will be effective from Monday 2 September:
Maximum Loan Term: For applicants with an Equifax Negative data score of 400 - 499, the maximum loan term will now be 4 years.* Maximum Loan-to-Value Ratio (LVR): For applicants aged between 18 and 25, the maximum LVR will be 100%.*
The Broker Portal is also being updated with 2 new fields over the coming weekend. These enhancements will help ensure more accurate rate quotes, including the new Maximum Loan Term noted above:
Age of Credit File: Enter the credit file age in months Visa Holder or Australian, NZ Resident or Permanent Resident: indicate the correct option from the dropdown list
These additions are designed to refine the rate quoting process, ensuring greater precision based on the applicant’s specific details.
*Excluding Visa Holders and Discharged Bankrupt |
| | | |  | Lesley WilkinsonNational Business Development Manager
0434 571 926 |
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|  | Adam CollinsBusiness Development Manager (QLD/WA)
0410 589 705 |
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August 21st
Metro Consumer News: Announcing David Albest as Metro's New CEO
| | Dear Brokers,
We are pleased to share some significant news with you, our trusted partners who have been integral to our journey.
We are proud to announce the appointment of David Albest as Metro’s new Chief Executive Officer (CEO), as Metro Founder and former CEO, Phillip Crossman, transitions to the role of Executive Chairman.
David, who previously served as our Chief Operations Officer, has been a vital part of Metro for over a decade. Many of you have had the pleasure of working closely with him and have seen firsthand his commitment to excellence and innovation.
As David steps into this role, our Founder and previous CEO, Phillip Crossman, will transition to the position of Executive Chairman. |
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| | As one of the company’s first employees, David has been instrumental in our growth from a small team to the thriving business we are today. He has played a key role in shaping our customer-first, collaborative culture—a culture that you, our brokers, have been a critical part of fostering.
David expressed his excitement for the future and paid tribute to Phillip’s leadership:
“It’s an exciting time for the Metro business as we continue to innovate and offer new products to our customers. Certainly, Phil leaves some huge shoes to fill, but I’m thrilled to be taking on this new opportunity with the company I have spent the last decade helping to build. I’d like to thank Phil, our staff, and introducers for their continued passion, dedication, and support. I’m looking forward to leading the Metro team into a new chapter.”
Metro Finance continues to grow and evolve. This innovation reflects our ongoing commitment to providing flexible, customer-led financial solutions, and we couldn’t achieve it without your unwavering support and partnership.
We are excited about the future of Metro Finance under David’s leadership and look forward to continuing our successful partnership with you.
Thank you for your ongoing trust and collaboration.
Sincerely,
Metro Finance |
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| Copyright © 2023 Metro Finance, All rights reserved.
Privacy Policy |
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August 21st
On-Demand Support
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August 16th
Policy Updates Reminder: Insurance Certificates, Discounts & Trade-In Equity
Hi Zoe, We know things can get busy and emails often get buried, so thought it would be timely to remind you of some key policy changes we have made to our Secured Asset policy recently |
- Negative Equity on Trade-In: Firstmac can fund a negative equity amount up to $6,000 subject to the total loan amount meeting our acceptable LVR guidelines.
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- Certificate of Insurance: We no longer require a full copy of the Certificate of Insurance (COI). Firstmac will now accept details of a valid comprehensive insurance policy.
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Details can be entered into Broker Tools, on the condition, and are required prior to settlement. The details required are: The insurer, policy number and type of cover. |
- Origination fee: A reminder that our maximum Origination fee is now $1,100 + GST.
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- Asset-Backed Discount: Customers with an appreciating asset valued at $200,000 or more will now qualify for the discount.
For example, an applicant with a $200,000 share portfolio would now be eligible for the Asset-backed rate.
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Note: Satisfactory supporting evidence must be provided for the discount to apply. |
You can take advantage of these exciting new policy changes immediately. These adjustments are part of our ongoing commitment to provide a market leading product to our broker network. More information on our current products and rates can be found on our Rate Sheet located in Broker Tools. For more information contact me on +61413195324 or email hannah.foot@firstmac.com.au. Kind regards,
Hannah Foot
Business Development Manager
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| Are you looking for a quick update on your current files? Why not Live chat with us now in Broker Tools |
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This email and any attachments are confidential and intended solely for the addressee. If you are not the addressee, or have received this email in error, please notify the sender immediately, delete it from your system and do not copy, disclose or otherwise act upon any part of this email or its attachments. Any opinion or other information in this email or its attachments that does not relate to the business of Firstmac Limited, is not given or endorsed by Firstmac Limited. Internet communications are not guaranteed to be secure or virus-free. Firstmac Limited does not accept responsibility for any loss arising from unauthorised access to, or interference with, any internet communications by any third-party, or from transmission of any viruses. of any viruses. Firstmac Limited will not send emails to you requesting security or confidential details, such as passwords or memorable word information. If you receive such an email, do not reply to it or follow any links within it to websites claiming to be Firstmac Limited. We will send emails to you with details of products and services that we think will be of interest. Any links within these emails will take you to product and service information pages only and not to any page where you will be asked to log-in. © 2024 copyright of Firstmac Limited ACN 094 145 963 Australian Financial Services Licence / Australian Credit Licence 290600 |
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August 16th
The July wrap up is here
Asset Lenders, here's how we stacked up last month: |
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Average personal loan
approval time* |
| Average auto loan
approval time* |
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| Personal loan
deal of the month |
Submitted: 10:35 am
Settled: 2:18 pm Ready, set, ride! ?️ Our broker accelerated the process and submitted a personal loan application for a motorbike at 10:35 AM. The deal was urgent and required same-day settlement to finalise the purchase, allowing the customer to collect their bike. |
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Our credit team swiftly reviewed and approved the application by 12 PM, ensuring there was ample time for an RTGS payment. By 2:18 PM, the loan was settled, and the remittance advice was sent to the seller. Experience our support firsthand. Submit an application today and let us show you how we can assist you every step of the way. |
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Automotive loan
deal of the month |
Submitted: 11:46 am
Settled: 4:30 pm
Signed, sealed and delivered ? Our broker reached out with an urgent deal (isn't every deal?) that needed to settle on the last day of the month. The $100,000 consumer deal was submitted at 11:46 AM and immediately workshopped with the BDM. All documents were uploaded upon submission. |
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This ensured the deal was ready for credit and picked up for assessment at 2:00 PM. It was conditionally approved and sent to settlement shortly after. Loan contracts were sent to the customer at 4:00 PM and digitally signed by 4:30 PM. Need to close a deal fast? Reach out to your BDM today and discover how we can help. |
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What’s the Plenti difference for brokers? |
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At Plenti, our team, services, and processes are meticulously crafted to ensure your experience is always smooth, consistent, and reliable. Every time you work with us, you can count on a seamless and predictable process. We've designed everything with your needs – and your clients’ – as our top priority. |
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For brokers only. Not for distribution to consumers.
*Average assessment time and time to conditional approval from submitting completed applications is based on average times from 1 - 31 July 2024 This email has been sent to you by Plenti RE Limited for and on behalf of Perpetual Corporate Trust Limited (as custodian), Australian Credit Licence number 392673 and Plenti Finance Pty Limited, each a credit provider.
Plenti RE Limited ABN 571 666 466 35 holds Australian financial services licence number 449176 and Australian credit licence number 449176, and is a member of the Australian Financial Complaints Authority (AFCA).
The information in this email is general in nature and you should consider whether it is appropriate for your clients. For further details and assumptions, see our website.
Plenti takes your privacy seriously. All information about you is held subject to our Privacy Policy.
Unsubscribe |
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August 16th
We've extended our Asset Finance to 20 years end of term!
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A big update to asset finance | Asset finance extended to 20 years end of term | | Open Partner Portal | |
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Hi Zoe, | Our asset finance product has had an upgrade! We’ve extended it to 20 years end of term and we’ll base the age of the asset off the compliance plate date.
And, if that wasn’t enough, we’ve made some changes to our LVR limits which means we’ll now go up to 180% LVR for cars, depending on their age.
Want to see the finer details? Log in to the Partner Portal or contact your BDM. |
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Asset finance excellence | Did you know that the team at Wisr are experts in the consumer asset finance space? Our exceptional consumer asset finance offering is our most financed product and our team are highly experienced in delivering this type of loan. | | Last chance to take advantage of our August offers! | Both our personal loan price beat promise and asset finance establishment fee discount offers expire on 31st August! Make sure you take advantage of them while you still can.
For more information, log in to the Partner Portal or reach out to your BDM.
| | TEAM UPDATE | Meet our newest team member, Jen! |
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We’re thrilled to welcome Jen Ly to the Wisr team! Jen will be working as a Relationship Manager across QLD, WA, SA and NT and is looking forward to getting to know all our fantastic brokers. |
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“I have been in finance for a little over 3 years and during this time I have worked in collections and in the aggregation space.”
“I am super excited to start my journey as a Relationship Manager at Wisr and provide support to our broker network. Outside of work I like to cook, bake and spend time with my loved ones!” |
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To learn more about Wisr and keep up with the latest news about our products and services, log in to the Partner Portal or contact your BDM.
Regards,
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| Want to co-design the best broker experience with us? | Join the Wisr Broker Research Panel to participate in surveys, interviews and user testing. Plus, you’ll get paid for your time. | | Join now |
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Wisr BDM team & support | NICOLE EVANS
HEAD OF BROKER
n.evans@wisr.com.au
0419 547 623 | | Business Development Managers |
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Broker support team | RAJAT, SHRI, THOMAS, SAMIR, CHESTER & CHARLENE contact@wisr.com.au
1300 140 008
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August 15th
Latitude - Variable Personal Loan Rate Changes for existing customers
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Variable Personal Loan Rate Changes for existing customers |
Effective Thursday 5th September 2024, interest rates for existing Variable Rate Personal Loan customers will increase by 0.50% p.a., for loans funded prior to Friday 26th July 2024. A communication will be sent to impacted customers on Wednesday 14th August 2024. |
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August 15th
Electric Vehicle Product Highlights
Electric vehicle rates to keep you moving | View online |
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Current electric vehicle rates to keep your brokers moving! |
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Hi Zoe, We at Resimac Asset Finance are committed to helping Australians join the movement to a cleaner and more sustainable future by offering competitive rates on commercial electric vehicle (EV) finance. We make it easy with fast approvals and flexible lending solutions to keep you moving. |
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Highlights of our exclusive EV product include: - Extended term up to 84 months available
- Up to $150,000 net amounts financed (NAF) for Low Doc
- 10% deposit for non-property owners
For more information, please click here to visit our website. ?? If you have any questions, please call us or reply to this email. Keep up to date with everything Resimac Asset Finance, follow us on LinkedIn. Kind regards, The team at Resimac Asset Finance 1300 729 955 (option 2) | raf.brokersupport@resimac.com.au |
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2024 © Resimac Asset Finance Pty Limited. ACN 098 034 041. ABN 93 098 034 041. Australian Credit Licence 391809. Privacy | Terms and Conditions |
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^Loan limits for Lite Doc. For higher loan amounts, please contact your BDM. For more info, please refer to our Commercial Finance Product Guide. Resimac Asset Finance reserves the right to request additional information and decline any application. The above is to be used as a guide only. Final rates and pricing remains at the sole discretion of Resimac Asset Finance, noting that other loadings may apply on a case-by-case basis. Released 8 August 2024. WARNING: This publication is intended for a select audience and is not to be distributed to anyone else, including customers, without the consent of Resimac Group. Resimac Asset Finance Pty Ltd is a registered member of the Australian Financial Complaints Authority for dispute resolution. Resimac Asset Finance will not send you an email or SMS asking you to verify or provide your accreditation details, financial details or login details. Information contained in this email is confidential and intended solely for the addressee. If you receive this email in error, please promptly inform us and then delete the email and destroy any printed copy. Information you provide to Resimac Asset Finance is governed by our Privacy Policy found on our website. There is no warranty that this email is exempt from any error or virus. |
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August 8th
Metro Consumer News: Mastering the Settlement Process for Wet Signatures
Based on recent feedback, we have created a short video detailing the settlement process for wet signed documents, you can find it here. Following these instructions will ensure your settlement is completed correctly, resulting in faster turnaround times. If you have any questions regarding this process, please contact your BDM.
?We also have a video guide for e-signatures. For the full video, Consumer Electronic Signature Guide ? |
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Latest Rate SheetPlease see our new and improved Rate Sheet attached. |
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Any other questions or queries please contact your Consumer Business Development Manager or Consumer Sales Specialist: |
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| Amanda Mowbray (Consumer BDM) |
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| Kimon Diomis (Consumer Specialist) |
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| Tony Nicol (Broker National Sales Mgr) |
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Settlements & Credit TeamEnquiries regarding credit applications please contact |
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Enquiries regarding settlement applications please contact |
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Copyright © 2023 Metro Finance, All rights reserved.
Privacy Policy |
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August 8th
NEW: Exclusive Offers, Discounts, & New Min Credit Score
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Hi Zoe, | We’ve dropped our minimum credit score this month and have multiple offers that you can take advantage of until the end of August. Have a quick scan of the highlights or get all the details below.
THE HIGHLIGHTS |
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We’ve dropped our minimum accepted credit score to 450 ? We’ll beat the price on eligible personal loans until 31st August ? Our asset finance establishment fee discount offer has been extended to 31st August ? Wisr has returned to growth! ?
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We have a new minimum credit score | We’ve just dropped our minimum credit score to 450 for both personal loan and asset finance products, opening up loan opportunities for even more of your clients. Want to know more? See the Partner Portal for further details. |
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Don’t forget to take advantage of our price beat promise | For a limited time only, Wisr is offering to beat the price on eligible personal loans! This is on top of the current commission promotion, so take advantage of both before the opportunity passes by. Our price beat promise is running until 31st August 2024.
Questions? Contact your BDM for more information.
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Establishment fee discount offer extended | Great news! We’ve extended our offer on discounted asset finance establishment fees until 31st August. For more details, get in touch with your BDM. |
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In the media | Wisr announces a return to growth achieving a 7% increase in loan originations in Q4FY24 compared to the previous quarter, with run-rate loan originations in June hitting approximately $67.5m, marking a 30% increase.
Want to know more? Read up on our latest market update in the Australian Broker.
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We’re committed to providing a 5-star broker service for you and your clients, so please don’t hesitate to get in touch with any questions or workshop any scenarios.
To learn more about Wisr and keep up with the latest news about our products and services, log in to the Partner Portal or contact your BDM.
Regards,
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Broker support team | RAJAT, SHRI, THOMAS, SAMIR, CHESTER, CHARLENE | contact@wisr.com.au
1300 140 008 |
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August 5th
We're reducing our pricing and making changes to our credit appetite
BEST VIEWED ON MOBILE DEVICES |
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Hi Loan, we're reducing our pricing and making exciting changes to our credit appetite!
Pepper Money is making some exciting changes to further enhance our commitment to you. |
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- You’ll see sharper rates across the Tier A price points in both our consumer and commercial plans with rate drops of up to 2.9% in certain price points!
- We have also restructured our Commercial Tiering to allow for greater eligibility in the Tier A Category.
- To support these changes our credit team is focusing on providing a more personalised service to you, with a greater emphasis being placed on more open communication.
- In the coming weeks you will also see our broker phone support coming back onshore.
We look forward to providing you a smoother, more responsive experience to support our technology.
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 | Consumer rate changes
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 | Commercial - rate & risk appetite changes
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You can also access the new Product Guide on Solana.
* Motor Vehicles. ** Motor Vehicles and Primary Assets.
All Interest Rates quoted are Per Annum. |
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| b | Andrew Gamble Head of Sales, Asset Finance | | r |
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UnsubscribeImportant Information:
Information is correct as at 5 August 2024 and subject to change at any time.
Pepper Asset Finance Pty Limited ACN 165 183 317 Australian Credit Licence 458899.
Loan applications are subject to credit assessment eligibility criteria and lending limits. Terms, conditions, fees and charges apply.
Please note: As a Pepper Asset Finance Accredited Introducer you will receive emails on products and services. If you have any queries in relation to your accreditation with Pepper Asset FInance, please email assetfinance@pepper.com.au.
Unsubscribe |
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August 1st
Policy Update: Asset Finance
| Hi Resource Update,
To enable your brokers to support more of their customers' Asset Finance needs, we've made some changes to our policy and pricing.
Our business-first approach places a primary focus on the strength of a business, with a secondary focus on the asset being purchased, allowing your customers to access more flexible financing options.
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| Removal of rate add-on for secondary assetsCustomers can now access a more competitive offering with the removal of the 1.5% rate add-on for secondary assets. This simplifies the product with one price point for all primary and secondary assets. |
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| Larger maximum balloonsCustomers now have more flexibility over their repayment terms with larger maximum balloons available on both primary and secondary assets.
Eligible customers have the option to apply for a maximum balloon of:- 45% on a 3-year term
- 35% on a 4-year term
- 30% on a 5-year term
See more information on the eligibility criteria in our product guide. |
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If you have any questions please contact Marie Boyagi.
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This e-mail is sent for information purposes only and should not be regarded as financial product advice. Please consider the Facility Agreement and any other information provided to you carefully and seek independent legal/financial advice. Standard credit assessment, fees, terms and conditions apply. Our products are issued by Shift Financial Pty Ltd (ABN 24 149 390 625) or its subsidiary Shift Finance Australia (ABN 54 601 158 507) (together “Shift”). This email was sent by Shift Financial Pty Ltd (ABN 24 149 390 625).
This email was sent by: Shift Financial
Level 21, 177 Pacific Hwy, North Sydney, NSW, 2060 AU |
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August 1st
MetroCommercial News: MONTHLY WRAP UP INTRODUCING MEL
| | | July was a standout month marking a great start to the financial year 2025. |
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Metro is excited to announce that Mel Amai is joining the Queensland Sales team as our newest Commercial BDM.
With many years of experience in the equipment finance industry as both a BDM and finance broker, Mel brings valuable expertise to our team. Please join us in welcoming her to Metro.
Those previously managed by Chris will now have Mel as their new BDM. She will be reaching out to you in the coming weeks, if she hasn't already.
We would also like to extend our thanks to Chris Bernard, who is currently transitioning to our Novated team, and we wish him every success in his new role. |
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We're excited to see the EV revolution expanding across the work vehicle market with the latest design coming from Ford.
The Ford E-Transit Custom was designed with businesses like yours in mind, right down the fine details such as a steering wheel that converts to a laptop or tablet stand, and materials that won't trap the dirt from your muddy boots. At 380km, it also has a longer driving range than its predecessor, plus fast DC charging to keep your business on the road. We expect to see this one in Australia in FY25, most likely before the end of this year. More here
At Metro, we offer competitive financing solutions for your business needs.
CLICK FOR MORE INFO |
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| | | Download our rate sheet and get started today |
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| Passenger Vehicle Streamlined Policy |
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| Trucks, Trailers and Wheeled Equipment Streamlined Policy |
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| Other Equipment Streamlined Policy |
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| Replacement Streamlined Policy |
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| Ballon/Residual Finance Streamlined Policy |
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| Agri Product Streamlined Policy |
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| Tony Nicol (Broker National Sales Manager) |
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| Jessica Clarke (MetroEco Sales Manager) |
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| David Ashman (VIC, SA & WA) |
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| Brian Bergania (Support Team Leader) |
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| Abhishek Jambur (Sales Specialist) |
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| Copyright © 2023 Metro Finance, All rights reserved.
Privacy Policy |
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August 1st
Flexicommercial August news: Spotlight on FlexiPremium
flexipremium from flexicommercial brings you the opportunity to reward established businesses purchasing newer assets with lower rates – and just a reminder – it’s only getting better and is here for the foreseeable future! |
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FLEXIPREMIUM Expanded to include $50K to $100K deals. |
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This means even more of your customers can benefit from flexipremium rates.
FLEXIPREMIUM RATES REDUCED AS OF NOW! |
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Plus all standard rates reduced by 15 bps – see the attached flexicommercial Rate Card for full details.
Please note we've increased our add-on for non-asset backed customers from 1% to 1.25%. |
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INTRODUCING – FLEXIREPLACEMENT New and improved Replacement Policy, including Balloons. |
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We have discontinued our previous Balloon Refinance Policy and rolled it into our new and improved replacement policy, now called flexireplacement Policy. The new policy features: Expanded previous financier list to include both major banks and now major finance companies. Balloon payment finance up to a bigger $500K, up $350K from our previous Balloon Refinance Policy.
Download our new flexireplacement Policy for all the details. |
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PLUS PLEASE NOTE this update to our Credit Matrix. |
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- We've capped the matrix limit on IT assets to $50K. Full doc applications for these assets for amounts >$50K can be accepted.
Download our latest Credit Matrix flyer. |
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We hope these latest product innovations are welcome new fixtures that will further support both you and your customers.
As always if you have any questions about any of the above, talk to your flexicommercial BDM.
Regards
Geoffrey Egan
General Manager, Distribution
Australia & New Zealand |
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*Lending criteria, fees and T&Cs apply.
All applications are subject to Financier's lending and credit criteria and approval is at the sole discretion of the Financier. |
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Finance provided by flexicommercial Pty Ltd ABN 17 644 644 860, a subsidiary of humm Group Limited. |
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Level 1, 121 Harrington St The Rocks, Sydney NSW 2000 Unsubscribe |
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July 31st
Introducing Corey Low, our new QLD/NT BDM !
Hi there,I have some great news to share with you. MoneyPlace has recently secured another new addition to our all-star sales team. Introducing Corey Low, our new QLD/NT BDM! Corey comes to MoneyPlace after more than a decade in various roles across the finance industry, including WISR, Commonwealth Bank and, most recently, Buddii Finance. With experience in Sales, Operations, and both Commercial and Personal lending, Corey's diverse background would make him a fantastic addition to any team. We're lucky to have him on the ground, to service our broker partners in QLD. Corey's contact details We are just a click away We are excited to welcome Corey onboard and look forward to the momentum he will bring to MoneyPlace. We have updated the broker guide with Corey's details, so please ensure you download the most recent version for your reference. If you have any questions or queries that I can help you with, please don’t hesitate to contact myself or the team. Cheers,
MoneyPlace
Phone 1300 008 003 (Opt 3, 1)
Level 16/535 Bourke Street, Melbourne VIC 3000
moneyplace.com.au/broker
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Approved applicants only. Lending criteria apply. Money Place Australia Pty Ltd ACN 169 627 338. Credit provided by Secure Funding Pty Ltd ABN 25 081 982 872, Australian Credit Licence 388133. This email and its attachments contain information that may be confidential to MoneyPlace. Please delete if you are not the intended recipient. |
MoneyPlace respects your privacy and will remove you from any future electronic communications if you click here to unsubscribe. |
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July 25th
Metro Eco Commercial News: Shining the Spotlight on Wheeled Equipment
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To qualify as a 'green' asset and be eligible for the 1% discount, the client must be replacing a similar asset and provide an evidence letter to detail energy efficiency improvement resulting from the proposed asset upgrade.
Evidence letters to be completed by the supplier or OEM. |
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| You can find the Commercial Wheeled Process guide here: Commercial Wheeled Equipment process.pdf |
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Please click the link below to access the required evidence and all related documents. If you have any questions or need further assistance, feel free to reach out. |
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| Download our rate sheet and get started today |
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| Check out the MetroEco hub on our website as a knowledge resource. |
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| Tony Nicol (Broker National Sales Manager) |
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| Jessica Clarke (MetroEco Sales Manager) |
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| David Ashman (VIC, SA & WA) |
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| Brian Bergania (Support Team Leader) |
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| Abhishek Jambur (Sales Specialist) |
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Copyright © 2023 Metro Finance, All rights reserved.
Privacy Policy |
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July 25th
BIG ANNOUNCEMENT - Banjo Loans increases loan term
Good morning,
In line with our recent product announcements, I am excited to share our Banjo Business Loans Express and Excel can now go UP TO 5YEARS MAXIMUM TERM!
Offering up to 5-year terms means businesses can take advantage of:
- Lower repayments. Spreading the loan over terms up to 5 years reduces the monthly repayment amount, making it easier for SMEs to manage their cashflow and working capital.
- Opportunity for larger loan amounts. Extended terms often allow for larger loan amounts, enabling businesses to undertake more substantial projects, expansions, or investments that would otherwise be unaffordable.
- Reduced financial stress. Lower monthly repayments reduce financial stress on business owners, enabling them to focus more on running and growing their business rather than worrying about high repayment burdens.
- Alignment with loan purpose. 5-year terms mean businesses can align their loan term with borrowing purposes that have a longer payback period to yield a return, for instance when making an acquisition or completing a fit-out.
- Improved creditworthiness. Successfully managing a longer-term loan can enhance a business’s credit profile and doesn’t require multiple credit checks, making it easier to secure additional funding or better loan terms in the future.
The longer terms and recently adjusted pricing (including increased brokerage up to 4% for new loans and reborrows) is now live.
View Banjo’s updated Solutions Guide and Pricing Matrix here.
Please don't hesitate to contact me with any questions or scenarios you'd like to discuss.
Cheers,
Adam Doyle
Business Development Manager – WA/SA
0417 530 043
adoyle@banjoloans.com
banjoloans.com
Connect with us on LinkedIn
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July 24th
Competition Alert...Let's Go!
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-----------Dear Team,
We are excited to announce that from 1 August, we will be launching 2 competitions designed to encourage our partners to utilise the Rate Quote Broker Portal. This initiative comes as part of our transition to a fully digital application process, where in the next 6 to 12 months, manual applications will no longer be accepted.
To those of you who don't yet have access to our super easy Rate Quoting tool, now is your chance to get access to the following features:- Instant Rate Estimate
- Broker Accreditation
- Broker Resources
- Application Submission
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What happens next
Action Steps:- Request Portal Access: Email support@aclgroup.com.au to request access for 1 August start
- Get Ready: Stay tuned for further details on the competition, including dates, rules, and prizes.
Our Broker Portal will improve efficiency and conversion for everyone involved, and we would appreciate your participation and feedback during this transition period.
For more information, please do not hesitate to contact me on 0434 571 926, or Adam Collins on 0410 589 705
Sincerely,
Lesley Wilkinson
National Business Development Manager
Affordable Car Loans |
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July 17th
Flexicommercial Broker Portal Upgrade!
We’re excited to announce a range of enhancements to the flexicommercial broker portal and our IT features that will benefit not just our brokers but also their customers. |
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THE NEW BROKER PORTAL New look, more self-serve, improved functionality. |
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We’re keeping the deals flowing with more self-serve features available 24/7 and advanced triggered communications to keep you in the loop and your customers on track. - New look to make Quotes, Applications and Live Contracts easier to navigate and access.
- New functionality to generate your own partial payouts, in addition to full payouts, account statements and amortisation schedules.
- Application upgrade with newly expanded asset lists that are now tailored to the financing need.
Did you know? flexi stores copies of all current policies including pricing and our Credit Matrix in the portal for you to access quickly when you need them.
LOGIN NOW and see the difference. |
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BALLOON PAYMENT AUTOMATED REMINDERS Information for your customers, opportunity for you. |
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For all SSA Contracts with a Balloon, brokers and their customers will now both get an automated email at 120 days and 90 days prior to the due date. |
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INTRODUCING FLEXIPREMIUM Rewarding your premium customers, always. |
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We’ve been keeping you up to date with our Rate Specials for premium customers, and the good news is, they’re now permanent with the introduction of flexipremium! - Special rates for premium customers.
For more established businesses purchasing newer assets, flexipremium provides a special tier of rates to help you secure and maintain more of their business.
- Now they’re permanent!
flexipremium rates replace our previous Premium Customer Rate Specials and will be ongoing. See our latest flyer for our current flexipremium rates.
Download our FLEXIPREMIUM & STANDARD RATES FLYER here. |
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We hope that once you experience these enhancements, you’ll be as excited about them as we are.
Thanks always for your support of flexicommercial and if you have any questions about any of the above, talk to your flexicommercial BDM.
Regards
Geoffrey Egan
General Manager, Distribution
Australia & New Zealand |
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June 15th
How one broker hit the trifecta and earned $18,700 in commission on 3 loans in 1 month
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Hi Joe,Opportunities can be found anywhere. Here's a great example of how one of our brokers maximised our commission incentive campaign, earning an impressive $18,700 in commission from three settled loans in just one month. |
Hit the trifecta with up to 6% commisson1 |
| Our broker identified and supported these businesses with their unique funding needs: |
| The Client | The Solution | The Outcome | The Commission | | Health Food cafe seeking funds for shop fit-and additional working capital | Offered $100,000 over 24 months | Approved in 3 hours. Funded same day | 1st loan settled
4% + GST
= $4,400 | | Car Wash requiring funds for new business equipment | Offered $50,000 over 18 months | Approved in 2.5 hours. Funded same day | 2nd loan settled
5% + GST
= $2,750 | | I.T. Solutions Business seeking funds for project equipment, software and staffing | Offered $175,000 over 24 months | Approved in 4 hours. Funded same day | 3rd loan settled
6% + GST
= $11,550 |
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| How you can achieve similar success |
Business loans can offer lucrative opportunities with significantly less effort than home loans. By tapping into this market, you too could achieve impressive results. Here's some tips on where you could look for business funding opportunities. |
Build your own SME connections - Identify self-employed clients
- LinkedIn connections
- Networking & industry events
- SME community
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| Your existing SME customers - Tap into your back-book
- Leverage new client conversations
- Review client financial documents
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| Leverage
Referral Partners - Accountants
- Financial Planners
- Solicitors/Lawyers
- Other Brokers
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Our team are ready to support your business goals |
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| Important information:"Go for Gold" offer commences 9:00am (AEST) 1 July 2024 and closes 11:59pm (AEST) 31 August 2024 "Promotional period" and may be terminated at any time without notice. This promotion is open to OnDeck's accredited brokers (excluding ACT) and is applicable for new customer transactions only. Full promotion terms and conditions are available at www.ondeck.com.au/partner/promo-terms
1 Increased commission incentive is applicable to all additional eligible new customer transactions funded during the promotional period, where eligible brokers will qualify for 4% commission on their 1st funded deal (their usual commission); 5% commission on their 2nd funded deal; and 6% on their 3rd and every subsequent funded deal. This increased commission incentive promotion applies to upfront commission on new loans funded during the promotion period and does not apply to loan renewals. The example used in this email is based on actual broker commissions paid in Q1 2024, using the same incentive structure.
The time frame required to process and fund loan applications may vary for each individual application. Factors such as the completeness and accuracy of application materials, verification processes, and external circumstances can influence the processing & funding timelines.Loans issued in Australia are subject to lender approval and the terms of a loan agreement issued by OnDeck Capital Australia Pty Ltd. Fees, terms, and conditions apply.This email was sent by On Deck Capital Australia Pty Ltd ABN 28 603 753 215 (OnDeck), 130 Pitt St, Sydney, NSW, 2000 to joe.ventra@nodifi.com.au as a registered accredited broker or partner of OnDeck and is intended solely for the use of the individual to whom it is addressed and may contain legally privileged or confidential information. If you have received this message in error, please notify the originator immediately and delete it from any transient or permanent storage device. OnDeck accepts no responsibility for loss or damage arising from the use of the information transmitted by this email including from computer viruses.
You can update your contact details and marketing preference here. To unsubscribe from all OnDeck communications including our latest news and product updates you can do so here. View our Privacy Policy.
On Deck Capital Australia Pty Ltd ABN 28 603 753 215. OnDeck® is a Registered Trademark. All rights reserved. |
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July 15th
The June Wrap-up is here!
Asset Lenders, here's how we stacked up last month: |
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Average personal loan
approval time* |
| Average auto loan
approval time* |
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| Rev Up Your July with Plenti |
From now until January 23, 2025, we’re giving you the chance to win an F1 Australian Grand Prix 2025 experience. Two lucky brokers and guests of their choice will win return flights to Melbourne (Tullamarine), two nights' accommodation, and grandstand tickets to qualifying and the race.+ For the month of July, every personal loan or automotive loan quote, and every commercial loan application you submit with Plenti will earn you an entry into the draw. |
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We're winners in The Adviser Better Business Awards 2024 |
For the second year running, we've been named The Adviser's Product of choice for Non-Bank Personal Loans, voted for by brokers like you. At Plenti, our commitment to market-leading service and innovative technology has made our personal loans a favourite among brokers, offering fast, low-effort solutions with flexible features and competitive rates. |
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Discover how our dedicated support and streamlined portal can enhance your efficiency and strengthen client relationships. |
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| We’ve made some exciting policy enhancements to our personal loans |
Higher loan amounts: Our maximum loan amount will increase to $65,000^ for eligible borrowers. Full eligibility criteria can be found here General Living Expense changes: Our minimum GLE floor will be reduced to 35% subject to partner income verification Self-employed income verification changes: 1-year ITR & NOA, no older than 18 months, required for loans <$15,000 or asset-backed borrowers |
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These aren’t the only changes we’ve made, contact your BDM to learn more about how our new credit policies to help you service more customers. |
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What’s the Plenti difference for brokers? |
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Our team, services and processes are all designed to make your experience with Plenti predictable, consistent and pleasant. Not just occasionally, but every single time.
Log in to the Broker Portal to experience it for yourself. |
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July 4th
Your chance to win an F1 2025 Australian Grand Prix experience is inside
Lmg, your chance to win an F1 Australian Grand Prix experience is here |
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Hey Lmg, From now until January 23, 2025, we’re giving you the chance to win an F1 Australian Grand Prix 2025 experience. The prize:
We’re giving two lucky brokers and a guest of their choice, return flights to Melbourne (Tullamarine), two nights' accommodation, and grandstand tickets to the Qualifying and the Race event.* How to enter:
For the month of July, every personal loan or automotive loan quote, and every commercial loan application you submit with Plenti will earn you an entry into the draw.*
You’ll have multiple chances to gain entries into the draw between now and January 23, 2025.
Keep an eye out for extra ways to boost your entries and chances of winning! |
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July 4th
Breaking flexi news...check your pre-approvals!
At flexicommercial we know we’re all working in a tough market, so we’re getting behind our brokers with a round of conditional pre-approved offers of additional finance for existing customers to keep the asset finance flowing for your good customers. |
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| PRE-APPROVED ADDITIONAL FINANCE, LIVE IN THE BROKER PORTAL NOW! |
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Pre-approved limits are subject to the following criteria: - Updated credit enquiry to reveal no adverse material change (Borrower and/or Guarantor) with score to be acceptable
(updated signed privacy form required). - Available for Primary assets only.
- Transaction structure, term and balloon to be deemed acceptable to flexicommercial.
- All standard conditions precedent to apply (directors guarantees, transport operators must be asset backed, 20% deposit for non-asset backed customers, direct debit, acceptable supplier, etc).
- Pre-approved limits do not consider any existing related party exposure. Aggregated exposure must remain within matrix limits.
- Limit valid to 30 September 2024.
Log in to the flexicommercial broker portal to check your pre-approvals – any questions talk to your BDM. |
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| PLUS, SPECIAL RATE OF 7.99% P.A. FOR PREMIUM CUSTOMERS EXTENDED! |
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- Special rates for premium customers.
- For established businesses financing newer assets.
- flexipremium 7.99% p.a. rate special extended again!
Download our FLEXIPREMIUM RATE SPECIAL flyer. |
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That’s just the start of the breaking news – this August we’ll be updating you on a range of enhancements to our services and products to make life easier and to keep the finance flowing for you and your business customers, so stay tuned.
Thanks for your support of flexicommercial and as always, if you have any questions talk to your flexicommercial BDM.
Regards
Geoffrey Egan
General Manager, Distribution
Australia & New Zealand |
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July 3rd
Wisr is here for your business
 | BROKER NEWSLETTER | BROKER COMMISSIONS HIGHER FOR LONGER |
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Hi Asset Team, | New financial year. Big plans for you and your clients. We’re incredibly excited to start the new financial year with some key product updates to make this coming year even more successful for your business than the last. Check out this month’s highlights below.
THE HIGHLIGHTS We've rolled out 7-year loan terms for Asset Finance loans, available now! Wisr's commission promotion has been extended for the whole of Q1 2024, giving you more time to benefit. Say goodbye to partner payslips and bank statements for eligible loans* - our loan submission process is now simpler than ever. We’re offering discounted establishment fee changes on Asset Finance this July. Our Credit Operations team is now even stronger, with seasoned professionals dedicated to providing you with exceptional ongoing service.
Scroll down for more info or login to your Broker Portal. Not accredited or need access? Send a request to contact@wisr.com.au.
Speak soon, |
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Return of the 7-year loan term on Asset Finance | Hot off the press, we've gone live with 7-year loan terms on Asset Finance loans! Now, vehicles of any age qualify for a 7-year term, provided they are no older than 15 years and 11 months at the end of the loan period.
For all the details, contact your BDM or visit our Broker Portal. |
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Wisr extends higher commission | Wisr is keeping the good times rolling by extending our increased commissions until September 30. Aligning with our commitment to supporting our broker network, Wisr is offering up to 5% commission on our Asset Finance Loans and up to 2% on our Personal Loans, providing you with more opportunities to increase your earnings.
Just a heads-up, commission rates might vary according to Aggregator. Contact your BDM or visit our Broker Portal to find out more. |
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The key to a quick approval | We all love a speedy turnaround. Did you know that Asset Finance loans for PAYG clients with credit scores over 640 no longer require bank statements*? This means these applications can fly through in 4 hours or less!
We've also made it simpler to process documentation for loan submissions by removing the need for partner payslips and bank statements for eligible loans.
Get a quick estimate for your clients now to find out what's possible. |
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Committed to outstanding service | We're thrilled to welcome new team members to Wisr's Credit Operations team. This expansion enables us to deliver even better service and faster processing times. Our commitment to providing our brokers with outstanding support and efficient processes remains stronger than ever. |
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Say hello to discounted establishment fees on Asset Finance | More exciting news! Enjoy discounted establishment fees for Asset Finance Loans this July, paving the way for greater long-term benefits for your clients and supporting our broker network.
Don’t miss out on this opportunity to secure financing at a reduced cost. For more details, reach out to your BDM or visit our Broker Portal. |
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Have a scenario you’d like to workshop with us? Get in touch with your local BDM today to chat it through.
To learn more about Wisr and the latest news regarding our products and services, please login to the Broker Portal or contact your BDM from the list below. |
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THE BORING (BUT IMPORTANT) STUFF | *Based applications for PAYG clients with credit scores over 640 that don’t require bank statements.
Credit eligibility criteria, terms & conditions, fees & charges apply.
| Finance provided by Wisr Finance Pty Ltd ACN 119 503 221 Australian Credit Licence 458572 to approved applicants. All applications for credit are subject to Wisr’s credit approval criteria. This does not constitute an offer for credit nor does it guarantee that an offer for any product will be made to you. Terms and conditions apply. | DISCLAIMER | The information provided in this email is general in nature and does not constitute personal financial advice. It has been prepared without taking into account your personal objectives, financial situation or needs. Before making any decisions, it is important for you to consider your personal situation and seek appropriate tax, legal and other professional advice. |
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July 3rd
Happy New Financial Year!
Happy New Financial Year!
And what a great time for a quick reminder around Self-Employed income – utilising Accountant Letters
Policy says income documentation need to be dated within 60 days of application, therefore:
· From 1st July 2024 until 31st August 2024.
· If 2024 financials haven’t been completed and
· You are submitting a self-employed application using an accountant prepared letter to support income verification the usual practice of YTD doesn't cover our minimum of 2 months.
· The work around for this 2 month period 1st July 2024 until 31st August 2024 the accountant letter is to reflect the full financial year's income for example: 1 July 2023 – 30th June 2024
· If 2023 has been completed, we can use 2023 until 31st December 2024 (See attached Guide and Template)
For further clarification or any specific scenarios, please feel free to reach out.
Thanks,
Quoting with Latitude is this easy- CLICK HERE to see
Nicole Salamaga
Relationship Manager - South Australia
3rd Party Distribution
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July 3rd
Firstmac Secured Asset - Policy update July 2024
Policy Update - July 2024 |
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Hi there, Effective from 1st July 2024, Firstmac has made the following policy changes. Minimum Rental Expense If a borrower is boarding or renting, the actual expense must be included in serviceability. Where the stated rent is low, or Zero, a minimum rental expense is to be applied for serviceability as follows: |
- $500 per month for Single
- $650 per month for Couple
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If rent is shared with non-applicant spouse, or is in the non-applicant spouse’s name only, the full rental expense is to be shown (where applicable, non-applicant spouse’s income may be considered as per current policy). Where the borrower’s non-applicant spouse has a mortgage in their name solely, the mortgage repayment is to be shown with spouse’s income included, either as a non-applicant spouse, or a joint borrower. Current employment for recent arrivals to Australia Borrowers with temporary residency status, or Australian permanent residency status that have arrived in Australia in the last 12 months, need to be in their current employment for at least 6 months in Australia at time of application. Permanent full time / part time / contract (PAYG) – minimum 6 months with current employer in Australia. Casual (PAYG) – minimum 6 months with current employer in Australia, with at least 12 months continuous employment in same occupation & industry (either in Australia or overseas). Exceptions may be considered case by case for borrowers with Australian permanent residency status who have relocated / transferred to Australia with the same employer they worked for overseas (evidence to be provided). Standard policy for Employment & income applies to Australian & New Zealand citizens, and Australian permanent residents living / working in Australia for more than 12 months. For more information, please do not hesitate to contact me on +61413195324 or email hannah.foot@firstmac.com.au. |
Kind regards,
Hannah Foot
Business Development Manager
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| Are you looking for a quick update on your current files? Why not Live chat with us now in Broker Tools |
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July 3rd
Morris Success. Together. Newsletter
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Hello Product,
Welcome to the first edition of the Success Together Update, for the New Financial Year. In this July issue we feature our new Digital ID Process, effective ways to safeguard your details Online, the New Morris Products, a Staff Profile and more. |
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MORRIS TO IMPLEMENT NEW DIGITAL ID PROCESS
We are excited to inform you that Morris is enhancing our Anti-Money Laundering (AML) compliance procedures by implementing a new Digital ID process. This change is designed to streamline our AML requirements, making it easier and faster for you to conduct business with us while ensuring we maintain the highest standards of security and compliance.
To find out more about the Digital ID process and how it will assist you, head to the link below.
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SAFEGUARDING YOUR DETAILS ONLINE
In today’s ever-evolving business landscape, safeguarding your enterprise against the ongoing threats of scammers is essential. With the surge in online scams and fraudulent activities, particularly exacerbated by the aftermath of COVID-19, scammers have found new avenues to infiltrate our digital world.
Now, more than ever, it’s crucial to understand the severity of the risk that these scammers pose to all Australian businesses.
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NEW PRODUCT CHANGES
As part of our ongoing commitment to innovation and continuous improvement, we are updating our product portfolio. These changes aim to improve the quality and relevance of our offerings to better meet the evolving needs of the market.
With reduced requirements, our brokers can expect enhanced features, more flexible options, and superior performance across our updated product line.
In addition to the product enhancements, we are pleased to announce a reduction in our rates. This adjustment reflects our dedication to offering cost-effective solutions without compromising on quality.
The new reduced Products and reduced rates have taken effect from the 1st July 2024. |
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MORRIS STAFF PROFILE - BAYLEY
We are pleased to introduce Bayley, our Junior Credit Assessment Officer at Morris, who brings with him valuable experience from the education sector. Joining us seven months ago, Bayley has seamlessly integrated into our team, thriving in our supportive and family environment. |
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Known for his friendly demeanor and diligent work ethic, Bayley's presence has enriched our office dynamics, contributing positively to our collaborative culture.
Outside of work, Bayley leads an active lifestyle, enjoying football and socializing with friends. He shares a passion for exploring art galleries with his girlfriend and remains a dedicated supporter of the St Kilda Football Club. Bayley's diverse interests and commitment to excellence make him a valued asset to our growing team here at Morris. |
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July 1st
Morris Product Update
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Dear Product,
At Morris, we are thrilled to announce improvements to our product offerings and framework.
Aimed to strengthen our competitive advantage and deliver increased value to our valued brokers and your clients.
NEW PRODUCT CHANGES
As part of our ongoing commitment to innovation and continuous improvement, we are updating our product portfolio. These changes aim to improve the quality and relevance of our offerings to better meet the evolving needs of the market.
With reduced requirements, our brokers can expect enhanced features, more flexible options, and superior performance across our updated product line.
In addition to the product enhancements, we are pleased to announce a reduction in our rates.
This adjustment reflects our dedication to offering cost-effective solutions without compromising on quality.
The new reduced Products and reduced rates will take effect from Monday, 1st July 2024.
Due to an increase in cost of business, our fee structure has also been updated.
Please see the below Broker Guide for our updated Fee Schedule. |
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KEY HIGHLIGHTS
> Enhanced Product Features: Updated features tailored to current market demands.
> Competitive Pricing: Reduced rates to provide greater value to your clients.
> Effective Date: The changes will take effect from Monday, 1st July 2024.
We believe these updates will strengthen our partnership and help you deliver even better solutions to your clients.
Thank you for your continued trust and partnership.
We look forward to achieving continued Success.Together. |
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| Copyright © 2024 Morris Finance Ltd. All rights reserved. Australian Credit Licence 395 249 | ABN 70 083 630 139
Morris Finance Ltd. PO Box 4233, Geelong VIC 3220 Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list |
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June 26th
Important updates to policy & EOFY deals
Important updates to policy & EOFY deals |
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Zoe, we have new policy enhancements and more flexibility on our personal loans |
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We’re excited to announce 5 important changes to our credit policies to help you service more customers. |
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- Higher loan amounts: Our maximum loan amount will increase to $65,000^ for eligible borrowers. Full eligibility criteria can be found here.
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- General Living Expense changes: Our minimum GLE floor will be reduced to 35% subject to partner income verification.
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- Self-employed income verification changes: 1 year ITR & NOA, no older than 18 months, required for loans <$15,000 or asset-backed borrowers.
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- Supplementary income: Rent assistance will be considered as an additional form of income. Supplementary income must not exceed more than 50% of total income.
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- Rental income: 80% of rental appraisal will be considered for new investment purchases.
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These policy changes are now live on all personal loan applications. |
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EOFY turn-around times & operating hours: |
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| As the financial year draws to a close, we’re committed to helping brokers get more deals done. Plenti will be open for business Saturday 29th June 2024 from 9:30am - 4:30pm AEST to service those last minute deals. |
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Our average time to credit decisions is still under 2 hours* for personal loans and auto loans. Don't let the EOFY rush slow you down. Reach out to your BDM or log in to the portal to get started. Let's finish this financial year on a high note together! |
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For broker distribution only. Not for consumers.
Terms and conditions apply. Applications and credit limits are subject to approval. Fees, charges and credit T&Cs apply. ^$65,000 loans include fees and are subject to credit criteria and eligibility.
*Average time based on applications during business hours between 1 - 24 June 2024.
This email has been sent to you by Plenti RE Limited for and on behalf of Perpetual Corporate Trust Limited (as custodian), Australian Credit Licence number 392673 and Plenti Finance Pty Limited, each a credit provider.
Plenti RE Limited ABN 571 666 466 35 holds Australian financial services licence number 449176 and Australian credit licence number 449176, and is a member of the Australian Financial Complaints Authority (AFCA).
This information should not be taken as financial product advice and has been prepared as general information only without consideration of an individual’s particular investment objectives, financial circumstances or needs.
Plenti takes your privacy seriously. All information about you is held subject to our Privacy Policy.
Unsubscribe |
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June 21st
Green Light News
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Good afternoon all,
Regretfully, I am writing to you to inform you today that our parent company Cash Converters Internal Limited (ASX:CCV) today announced its decision to wind down the Green Light Auto (GLA) business following a comprehensive review of its capital allocation strategy.
The review concluded that the capital currently utilised in GLA can be more effectively deployed to support executing other opportunities in line with its strategic plan. Specifically, plans to focus on expanding its footprint through franchise store acquisitions and accelerating the growth of its personal finance products.
The business will now transition to a customer service model and run down the loan book using its in-house collection team and advanced technology. This support will be ongoing until all loans are repaid and closed.
**Some important information regarding in-flight applications** - Applications submitted that are Approved and beyond will be honored but must be settled by the close of business 5pmEST 28th June 2024 to assist you in closing out your pipeline.
- Commissions for June and any applicable claw-back will continue to be paid as normal.
I would like to take this opportunity to thank you for your partnership over many years. I have met some incredible people and look forward to meeting again on the road some time soon.
Lastly, a huge thanks to the GLA team, the hard work, dedication, and commitment of the whole team has been invaluable and greatly appreciate and acknowledge the significant contribution each person has made and allowing the business to deliver on its value proposition.. something i personally am very proud of.
If you have any questions, please feel free to reach out to me. |
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June 20th
EOFY Commission boost ends in 7 days
| No repayments on Prospa business loans for the first 6 weeks. |
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EOFY commission boost ends in 7 days |
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Help your clients with the funding they need and earn yourself an extra +1% commission boost1. Log in to the Partner Portal to submit a new lead before 30 June 2024 to be eligible. |
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Wherever your client's business is headed next, take them further with Prospa funding. |
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Prospa Business Loans up to $500K |
Get your client funded up before June 30 2024, and they could enjoy a business breather with repayments commencing well after EOFY ends.2 |
| Prospa Business Line of Credit up to $150K |
Offer your client unlimited drawdowns throughout a 12 or 24-month term, with the option to renew and they only pay interest on the funds used. |
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June 19th
Morris Settlement EOFY Cut Off Time.
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Hello Product,
As we approach the end of the financial year, we want to ensure that Morris remain committed to our high level of service to our accredited broker market.
To assist us in maintaining this high level of customer service, we advise that all new settlements must be submitted before close of business Monday the 24th of June.
We will still accept any applications after this date, however we are unable to guarantee settlement for these files before the start of the new financial year.
As always, please email any new applications through to applications@morrisfinance.com.au and all settlements and documents requests through to settlements@morrisfinance.com.au.
We wish you every success, as we enter the new financial year.
Kind regards,
Jarrod Moore
General Manager - Asset Finance
M 0447 813 630
E jarrod@morrisfinance.com.au |
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June 19th
Introducing Jeff Fiteni, our new National Business Development Manager
National Business Development Manager Update | |
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Hi Zoe
Allow us to re-introduce Jeff Fiteni, as our new National Business Development Manager. Jeff has been a cornerstone of our team, consistently demonstrating exceptional leadership, strategic vision, and a relentless drive for excellence. His dedication and innovative approach have significantly contributed to our growth and success.
In his new role, Jeff will be spearheading our national business development team, driving innovative strategies and cultivating key partnerships. With his expertise and passion, Jeff will ensure that Finance One continues to support our network of fantastic brokers in achieving our shared goals.
Additionally, Akin Ayoko will be taking on a new role as our Strategy and Product Manager, providing vital support to Jeff in defining our market position. Akin's insights will be instrumental as we steer through our growth and development phases. Rebekah Beale, a familiar face to many, will collaborate closely with Jeff as Broker Support Manager, ensuring our brokers receive exceptional support.
Whether it’s to discuss our new Plus product or have any 'outside the box' scenarios you would like to workshop with Jeff, please don't hesitate to reach out. |
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| | Offering more unique solutions for your unique clients in 2024 |
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| | | Jeff Fiteni | | National Business Development Manager 0400 782 820 |
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| | Have a Question? Ask your local Business Development Manager for scenarios. | |
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|  | 6hr Consumer Loan assessment process* |
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 | 24hr Commercial Loan assessment process* |
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June 19th
Metro Commercial News: Shining the Spotlight on MetroEco Solar Finance
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- Supplier Accreditation form to be completed and submitted with application.
- Please include address where solar panels are to be installed in the application.
- Once tax invoice obtained next to VIN/Serial # box add: “As per suppliers invoice #...”
Please see example below:
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- If SAA registration number unknown at application stage it will be conditioned for settlement.
- For solar on a leased business premise, a copy of the signed Lease Agreement is required. This agreement must confirm that the lease end date is no earlier than the contract term end date, or that there is an option for renewal allowing the lease to be extended beyond the contract term.
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MetroEco Solar, Batteries & Chargers |
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For detailed information on MetroEco Solar, Batteries & Chargers, please refer to the details below.
Click here for the full product booklet. |
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| Check out the MetroEco hub on our website as a knowledge resource. |
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| Download our rate sheet and get started today |
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| Tony Nicol (Broker National Sales Manager) |
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| Jessica Clarke (MetroEco Sales Manager) |
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| David Ashman (VIC, SA & WA) |
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| Brian Bergania (Support Team Leader) |
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| Abhishek Jambur (Sales Specialist) |
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Copyright © 2023 Metro Finance, All rights reserved.
Privacy Policy |
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June 18th
Hurry! Submit your applications for Commercial Deal Saver Campaign - Settlements date extended
Act Fast to Secure Your Commercial Deal Saver Campaign Rates! |
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Hi Loan,
We're extending the Settlements by date to 31st July 2024 for deals written under our Commercial Deal Saver Campaign. |
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Time is Ticking! Ensure your deals are in before the clock runs out on our Commercial Deal Saver Campaign. With applications closing on June 30th, you have a narrow window to take advantage of interest rates as low as 7.69% p.a. for Motor Vehicles and 7.99% p.a. for all other Primary and Secondary Assets. Commercial applicants with the following characteristics will be eligible: - Tier A applicants.
- New and used assets (0-3 years old).
- Net Amount Financed between $3,000 and $300,000.
- Fast Track and Full-Doc.
Additional Information: - An additional interest rate of 0.50% p.a. for the loan term applies to Loan terms between 61 – 84 months (excluding Caravans) and Private sales of Primary assets only (excluding Caravans).
- Applicable assets - Motor Vehicles, Caravans, Motorbikes, Primary Assets and Secondary Assets.
Deadline Approaching: Submit your applications by 11:59pm AEST 30 June and finalise settlements by 11:59pm AEST 31 July 2024.
This Campaign is subject to change and may be varied or withdrawn at any time.
If you have any questions, please reach out to your BDM. We're here to help.
Kind regards, |
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Michael McEvoy
Head of Sales, Asset Finance |
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June 18th
Flexicommercial reminder...we're all hands on deck this EOFY!
As 30 June approaches, just a reminder that flexicommercial will be pulling out the stops for your EOFY deals. |
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NEW DEALS, URGENT DEALS, BRING 'EM ON!
Every EOFY at flexicommercial we plan ahead to ensure our valued brokers get the market-leading processing times they’re used to at one of the busiest times of the year. So if it’s urgent or if another lender lets you down this EOFY, talk to your flexicommercial BDM. - No planned staff leave in June.
- Additional casual staff to keep processing quick.
- Sales and Credit staff available on weekends.
- Open Saturday 29 June to get any last minute deals through.
- No cut-off days for new deals or settlements – bring ‘em on!
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| CONGRATULATIONS TO OUR $40K HOLIDAY WINNER!
We’re excited to congratulate
Harold Clapham, owner of Mainland Finance, Deniliquin (regional NSW) as the winner of our 2024 $40K Dream Holiday. Enjoy Harold and many thanks to all who took part. Robert Vrevc, flexicommercial State Manager, NSW (right) presenting Harold with his $40K travel voucher. |
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Looking forward to everything the next financial year may bring – we'll be behind you all the way.
As always, if you have any questions talk to your flexicommercial BDM.
Regards
Geoffrey Egan
General Manager, Distribution
Australia & New Zealand |
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*Lending criteria, fees and T&Cs apply.
All applications are subject to Financier's lending and credit criteria and approval is at the sole discretion of the Financier. |
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Finance provided by flexicommercial Pty Ltd ABN 17 644 644 860, a subsidiary of humm Group Limited. |
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Level 1, 121 Harrington St The Rocks, Sydney NSW 2000 Unsubscribe |
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June 17th
Hop In - We're not slowing down this EOFY! ? ?
Last-minute EOFY deals?
No problem! |
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Hey Lmg, At Plenti, we understand brokers' challenges as EOFY deadlines and customers emerge. We know others might be slowing down, but we’ve fine tuned our product and process to ensure that we can deliver a fast and reliableservice for you and your clients. Here are just a few of the ways we can help: |
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| - Desk-based Relationship Managers: Our dedicated team is equipped to assist with any inquiries, scenarios, or any support you need. Whether it's addressing client concerns, or streamlining documentation, our expert desk-based RMs are available to ensure a smooth experience for you and your clients.
- Timely Solutions: We understand the time-sensitive nature of EOFY deals/customers. Rest assured, with our quick turnaround and end-to-end digital application process will have your deals settled in no time.
- Flexible product options:
- Loan terms up to 7 years
- Reamortisation feature
- Dealer, private sale, mid-term refinance
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Please don't hesitate to reach out with any questions you may have regarding our EOFY support services. We're here to ensure that you have the resources and assistance you need to navigate this busy period with confidence. |
Need a hand?
We're here to help! |
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Marlenn Aroyan
Relationship Manager |
| Joshua Medina
Relationship Manager |
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Don't just take our word for it |
"Plenti's asset finance product and our dedicated Relationship Managers shine brightly, with Marlenn standing out as a gem among them. We're embraced with wholehearted support throughout our applications, experiencing nothing short of phenomenal assistance and timely processing. This level of care ensures our customers receive the help they need exactly when they need it.
We couldn't be more delighted with both the exceptional staff and the outstanding product on offer." |
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June 17th
EOFY - What you and your clients need to know
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Under the IAWO program, you and your client's could claim immediate deductions for multiple new and used assets purchased before 30 June. - Vehicles: Cars, trucks, and vans
- Office Equipment: Computers, printers, and office furniture
- Machinery: Tools, heavy machinery, and manufacturing equipment
- Technology: Software and IT hardware, even solar
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How we can help at lightning speed! |
Our Lightning Loans offer business funding from $10,000 - $250,000, over 6-24 month terms. We can provide approvals in as fast as 30 minutes and funding is as fast as 2 hours*, so your clients can still make purchases before the EOFY deadline. |
Here's some recent businesses we've funded |
Below are examples of broker client's we've helped with funding for their business assets. |
| The business client | The challenge | The solution | The outcome | | Scaffolding business in VIC seeking funds to expand and secure a new contract | Needed urgent funds to purchase scaffolding equipment | Approved for $155,000 over 24 months | Approved in 2hrs 3mins. Funded same day | | Event Management business in NSW seeking funds for a planned event | Required $50,000 for last-minute purchases of event equipment | Approved for $50,000 over 21 months | Approved within 3hr 55mins. Funded 21 minutes after approval |
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| We're here to provide support now! |
With only a short time left until EOFY, now is the time to ask your clients if they need support with finance for their business assets so they can take advantage of IAWO to help improve their cash flow and reduce their taxable income.
Get in touch with your dedicated Business Development Managers who can help pre-screen your client scenarios prior to loan application submission. |
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June 17th
EOFY is coming in hot and we're here to help
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June 17th
Exciting Capital Finance policy enhancements
| Dear Liam | | Exciting Capital Finance policy enhancements |
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We are pleased to confirm some exciting enhancements to our Capital Finance policies, effective immediately.
These changes mean more deals now qualify for our simplified straight through processing criteria.
Small Ticket & Motor Vehicle Policy- Our definition of New to Capital Finance has been expanded to New to Westpac Group business customer (includes Westpac, St.George, BankSA, Bank of Melbourne and Capital Finance).
- For Motor Vehicles, we have increased the Maximum Capital Finance Exposure for New to Westpac Group Business Customers from $100K to $250k.
- We have expanded the list of eligible secondary and tertiary assets to include items such as:
- Floor grinders, Balers, Flow Wrap Machines
- Concrete Saws
- All-Terrain Vehicles (non-recreational use)
- Ride-on mowers
- Stump Grinders
- Woodchippers
- Mobile Site Offices/Demountables
- Non-standard Agricultural Equipment (handlers, loading ramps)
- Hoists
Replacement and Rollover Policy- Our definition of existing customers has been expanded to include Westpac Group business customers (including Westpac, St.George, BankSA, Bank of Melbourne and Capital Finance).
Refer to our Broker Motor Vehicle and Equipment Finance Policy Matrix for full details.
For more information, speak with your Business Development Manager or Relationship Executive. |
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Regards,
Capital Finance Equipment Finance |
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| Things you should know:
This communication is not for distribution to your customers or any member of the general public. The information contained in the email is current at the time of dispatch.
This document is to be used as general information only and should not be considered a comprehensive statement on any matter and should not be relied upon as such. This document has been prepared without taking into account any individual objectives, financial situation or needs. No member of the Westpac Group or any of their employees or directors gives any warranty of accuracy or reliability nor accepts any liability in any other way, including by reason of negligence for any errors or omissions contained herein, to the extent permitted by law.
Copyright © 2024 Capital Finance Australia Limited ABN 23 069 663 136 Australian credit licence 393031.
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June 14th
Correction to Max Lend and Upfront Loan Fees table
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Please be advised an error has been noted in the Max Lend and Upfront Loan Fees table on Page 4 of our last Product Guide update, dated 20 May 2024.
Please find attached our updated Product Guide below with the correct table.
We apologise for any confusion caused.
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 | Lesley WilkinsonNational Business Development Manager
0434 571 926 |
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|  | Adam CollinsBusiness Development Manager (QLD/WA)
0410 589 705 |
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June 14th
Only 2 weeks left! Share a $500 reward with every loan settled by 30 June!
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There's only 2 week left to earn a well deserved reward! |
For every business loan you settle up to $250,000 by 30 June 2024, we’re rewarding you and your customer a $250 RedBalloon experience voucher^. |
Enjoy the OnDeck experience |
We're here to support small businesses |
Let us help you create unforgettable memories and an opportunity for you and your customers to enjoy a lifetime experience. Get in touch with your local OnDeck team, email us, call 1800 676 652 (Opt.5) or visit ondeck.com.au/partner. |
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June 13th
Did you get a Prezzee gift card?
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June 13th
EOFY Countdown is on!
| | Hi Zoe | | Finance One has your Asset & Equipment Finance needs covered, offering not just asset funding solutions for your Commercial customers but Unsecured Cash Flow Loans too. |
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Asset and Equipment Finance | | No tonnage restrictions No EOT age restrictions Sale Type: Dealer Sale, Private Sale, Capital Raise Repayments monthly in arrears No deposit required for non-asset backed customers up to $100,000^
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Unsecured Cash Flow Loans | | Loans up to $50,000 with terms up to 36 months No industry exclusions Assessed on 6 months bank statements 8% brokerage + origination fee Repayments monthly in arrears
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Please note the scenarios listed are to be used for the purpose of examples only and should not be relied upon in any way. These examples are not indicative of, or act as, approval of any kind. When applying for finance, all loan applications are subject to normal lending criteria, fees and charges, and terms and conditions that apply. | | Have a Question? Ask your local Business Development Manager for scenarios. |
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|  | 24hr commercial loan assessment process* |
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June 14th
Adjustment to $250k Exposure Limit Criteria
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June 14th
Stay in the know with Scotpac - June 2024
Hi,
This month, we’re excited to introduce the 10th anniversary edition of the SME Growth Index Report, ScotPac's flagship research series.
Our research has found that:
"71% SMEs will stay with brokers who give proactive and relevant advice"
Download the report now to learn more insights and leverage them to better support your clients.
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SME Growth Index - 10th Anniversary Edition |
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Breaking News: a total of 2% Interest Rate Drop on All New Asset Finance Deals
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Talk to your ScotPac Asset Finance BDM or call 1300 365 280 |
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What businesses got out of the May 2024 Federal BudgetOur 2024 Federal Budget breakdown. |
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| Why more Australian businesses are multi-bankingLearn why 4 in 5 businesses work with 2+ providers. |
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Register in Partner Portal now to lodge clients' applications, track your deals and access a wide range of marketing content for your clients. |
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| ScotPac Business Finance
Level 41, 25 Martin Place, Sydney, NSW 2000 Australia
You are receiving this email as you are a valued partner of ScotPac. If you would like to opt out of future emails please click below.
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June 12th
Secured Asset - Loan Terms > 5 Years
Secured Asset - Loan terms |
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Hi there, Further to our email on the 3rd of June 2024, we thought it would be good idea to remind you that the waiver of 0.50% interest rate loading for loan terms greater than 5 years ends on Monday 17th June 2024. All in flight applications submitted prior to this date, need to settle by COB Monday 17th June 2024 to maintain the limited time waiver. Firstmac still maintains our ultra competitive pricing with rates starting from 6.19% (Variable) and 6.59% (Fixed) for new green cars, and 6.34% (Variable) and 7.09% (fixed) for new / demo non green. Click below to see the full product range and ultra competitive rates in all asset categories. |
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| Are you looking for a quick update on your current files? Why not Live chat with us now in Broker Tools |
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This email and any attachments are confidential and intended solely for the addressee. If you are not the addressee, or have received this email in error, please notify the sender immediately, delete it from your system and do not copy, disclose or otherwise act upon any part of this email or its attachments. Any opinion or other information in this email or its attachments that does not relate to the business of Firstmac Limited, is not given or endorsed by Firstmac Limited. Internet communications are not guaranteed to be secure or virus-free. Firstmac Limited does not accept responsibility for any loss arising from unauthorised access to, or interference with, any internet communications by any third-party, or from transmission of any viruses. of any viruses. Firstmac Limited will not send emails to you requesting security or confidential details, such as passwords or memorable word information. If you receive such an email, do not reply to it or follow any links within it to websites claiming to be Firstmac Limited. We will send emails to you with details of products and services that we think will be of interest. Any links within these emails will take you to product and service information pages only and not to any page where you will be asked to log-in. To unsubscribe, reply with 'Unsubscribe' in the subject line. © 2024 copyright of Firstmac Limited ACN 094 145 963 Australian Financial Services Licence / Australian Credit Licence 290600 |
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June 12th
Our solutions to keep you moving this EOFY
Our solutions to keep you moving this EOFY | View online |
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We are here to support you through June and beyond. |
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Hi there, With EOFY fast approaching, our teams will be working increased hours to ensure we keep you moving through June. EOFY deadlines. |
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CreditAll applications submitted/received by COB 26 June 2024 will be processed in line for month end. |
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| SettlementsAll applications submitted for settlement by COB 27 June 2024 will be processed in line for month end. |
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Important note: Any applications or settlements submitted after the cut-off dates, will be reviewed if possible. We cannot guarantee they will be actioned prior to month end. |
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New Broker Support team.Our existing team has been reshaped and expanded to more team members to support and assist you through the Resimac Asset Finance process. Please contact our Broker Support team directly for any queries relating to your active deals. e: raf.brokersupport@resimac.com.au p: 1300 729 955 (option 2) |
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|  | Courtney Jeremijczyk Broker Support Officer |
 | Geordan Lirantzis Broker Support Officer |
 | Alana Jepsen Sales Operations Manager |
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June 12th
Wisr | No Payslip for Spousal Income Apportioning & Higher Commissions
Highlights & Freshly Financed |
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Good Morning,
I hope you're doing well and having a great month so far. Here's a quick update from me, featuring some exciting changes, highlights and freshly financed:
Exciting update? What is it ? - We went LIVE with no payslip for spousal income apportioning / expenses offsetting if the partner is not the majority of the household income!!!
Couple this exciting update with the below as we run into the EOFY and happy days to support your clients with Wisr! - Our EOFY Higher Broker Commissions is LIVE and runs until COB 30th June 2024 (please reach out direct for more information)
- Brand New Asset Finance Rate Chart
- Asset Finance lends increased to $150,000 for cars, caravans, camper trailer and commercial vehicles up to 12 tonnes
Freshly Financed... - Brand New Landcruiser
- $130K Finance
- 7 year term (no rate loading)
- PAYG client
- Approved & Funded in 2 days
Please feel free to reach out should you have any scenarios, workshopping or escalations. Happy brokering!
Many thanks, Dom & Team Wisr 
Dom Leah | Business Development Manager | WA / SA 0419 863 267 | d.leah@wisr.com.au
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June 12th
Metro Consumer News: MetroEco is Now Live
| | As a company, we are committed to supporting sustainability initiatives and creating a better future for our planet.
To that end, we are excited to announce that we are relaunching our green product.
Our MetroEco initiative is focused on supporting Australia's transition to a net-zero economy, making it easier for your clients to invest in green technology and reduce their carbon footprint. |
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Please refer to the MetroEco Product Booklet and Process Guide below.
MetroEco Product Booklet
MetroEco Consumer Process Guide |
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| | | Check out our MetroEco hub on our website as a knowledge resource. |
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Latest Rate SheetClick the button below to view our latest rate for personal loans. |
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ApplicationsFor all enquiries, please direct to your BDM or email consumer.support@metrocf.com.au
Using your Broker Login, please submit applications via Metro's Broker Portal. To arrange access please contact your BDM: |
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| Amanda Mowbray (Consumer BDM) |
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| Kimon Diomis (Consumer Specialist) |
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| Tony Nicol (Broker National Sales Mgr) |
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| Copyright © 2023 Metro Finance, All rights reserved.
Privacy Policy |
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June 11th
Earn an Extra $990
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June 6th
Boost Your Approval Speed with Angle's New Credit Conditions Upload Feature ?️⏰
MY DEAL
NEW CREDIT UPLOAD FEATURE |
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Hi We know EOFY can be a crazy busy time, and we're here to make it smoother and faster for you. That's why we're thrilled to announce an enhancement to our My Deal broker portal, designed to give you an even easier, speedier experience with Angle Finance. |
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Starting Friday, June 7th, you can check off each credit condition as you upload it to the broker portal, and when all items are checked off, you can submit for review.
This means your application will come back into the credit queue only once, fully loaded with all necessary documents for our Credit team to review and approve. No more back-and-forth with individual document submissions! |
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 - Speedy Approvals: With all conditions submitted at once, our Credit Analysts can provide final approval much faster. Think of it as a turbo boost for your applications!
- Less Hassle: No more multiple submissions and waiting for each document to be reviewed. Submit everything in one go, and request your contracts faster.
- Efficient Process: Streamlining your document uploads means you can focus on what matters most - serving your clients and closing deals.
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 - Gather all your credit condition documents and information.
- Upload your documents and/or commentary into Broker portal and tick off each item.
- Resubmit your application to the credit queue.
- Sit back and enjoy faster approvals!
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We’re all about making your life easier and your clients happier. With this new Portal update, you’ll experience faster, more efficient approvals just in time for EOFY. So, what are you waiting for? Log in, upload those conditions, and let’s fast track your approvals together! The Angle Finance TeamP.S. Got questions or need assistance? Our BDM team are here to help. Reach out anytime! |
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June 6th
IMPORTANT - End of Financial Year settlement deadlines
| Dear Liam | | IMPORTANT - End of Financial Year settlement deadlines |
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| Capital Finance is committed to delivering for our brokers and your clients during this busy end of financial year (EOFY). |
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 | | Capital Finance Settlements cut off times |
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To guarantee settlement of deals by Friday 28 June 2024, please ensure all requests are received by our settlements team no later than 5.00pm (AEST) on Wednesday 26 June# 2024, except for the following:- Cut off for SA: 5:30pm AEST.
- Cut off for WA: 7:00pm AEST.
#Assumes deal received with no errors or missing information as this will incur delays.
As with previous years, we will always do our very best to settle any deals that come in after these times.
Thank you for your continued support throughout the FY24 financial year.
More information
If you have any further queries about the information above, please contact your Business Development Manager or Relationship Executive. |
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Regards,
Capital Finance Equipment Finance |
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| Things you should know:
This communication is not for distribution to your customers or any member of the general public. The information contained in the email is current at the time of dispatch.
This document is to be used as general information only and should not be considered a comprehensive statement on any matter and should not be relied upon as such. This document has been prepared without taking into account any individual objectives, financial situation or needs. No member of the Westpac Group or any of their employees or directors gives any warranty of accuracy or reliability nor accepts any liability in any other way, including by reason of negligence for any errors or omissions contained herein, to the extent permitted by law.
Copyright © 2024 Capital Finance Australia Limited ABN 23 069 663 136 Australian credit licence 393031.
Unsubscribe | Privacy |
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June 6th
Latitude Financial: Changes to Top-Up Eligibility | EOFY Processing | Updates to Responsible Lending & Key Contacts
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Changes to Top-Up Eligibility, EOFY Processing, Updates to Responsible Lending & Key Contacts
Changes to Top-Up Eligibility
Effective 12th June 2024, we will be making the following changes to Top-Up eligibility:
- Customers will not be eligible to top-up for 35 days, after their initial loan settles.
- Customers will not be eligible for a subsequent top-up for 90 days, with a maximum 4 lends per year.
For you this means, any customers who have not had their loan for more than 35 days, or has had a top-up in the last 90 days, will become ineligible for a top-up and will be removed from your top-up tab.
End of Financial Year (EOFY) Processing
Please note the following dates for EOFY Processing cut-off:
- Applications with full supporting documents need to be submitted by COB Monday 24th June 2024
- All outstanding requirements need to be returned by COB Wednesday 26th June 2024
- Loans will need to be formally approved by COB Thursday 27th June 2024
Any application falling outside any of these times will not be settled by COB 28th June 2024, (noting applications will not be funded across the weekend).
Responsible Lending Update
The following have been added to the Responsible Lending document:
- Product Selection: maintain a record of the discussion/s had with the customer on the product selected (i.e. variable/fixed).
- Bank Account: Confirm the Bank Details you enter for the Direct Debit and Disbursement (when applicable) are in the names of the applicant.
Key Contacts & Sales Team
The Key Contacts & Sales Team flyer has been updated to reflect our current sales team.
Attachments:
- Latitude - Responsible Lending_v4 May24
- Latitude – Key Contacts & Sales Team_v8 May24
This email and contents are strictly confidential communication to and solely for the use of the recipient and may not be reproduced or circulated without Latitude Financial Services prior written consent. If you are not the intended recipient, you may not disclose or use this information in this document in any way.
Credit provided by Latitude Personal Finance Pty Ltd ABN 54 008 443 810 Australian Credit Licence Number 392163 and Latitude Automotive Financial Services ABN 80 004 187 419 Australian Credit Licence Number 392178 trading as Latitude Financial Services.
If you no longer wish to receive email marketing from Latitude Personal Finance and Latitude Automotive Financial Services to this email address, please reply STOP.
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June 4th
Here's what Prospa can offer you today
We know you're busy, so what's on offer? |
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| Earn up to 5% commission for a limited time1 |
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| Updated marketing resources now available to you |
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| Bill Pay value add solution launched to Prospa Business Line of Credit product |
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Support small business at tax-time |
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Engage your referral network and existing SME clients with emails designed to address various pain points and start the conversation. |
| Connect with your small business clients and referral partners using the range of social media assets for Facebook, LinkedIn and Instagram. |
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With a Business Line of Credit, your clients can access funds between $2K-$150K and only pay interest on what they use. |
| Bill Pay will help customers to upload, review and pay their invoices via their Prospa Business Line of Credit. |
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SMEs seek out brokers in tough times |
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"Prospa has seen significant growth in partner engagement, with the number of partners actively submitting leads up 22% year-on-year, which suggests that SME lending demand persists.” – Roberto Sanz, Director of Sales & Partnerships. |
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Good reads from the Prospa blog |
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Tuesday 11 & Wednesday 12 June |
How to support small business at tax-time |
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June 4th
We're ready for EOFY!
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June 4th
Introducing Firstmac BDM Jamie Miller
Hi there, I am pleased to announce that Jamie Miller has been appointed as National Sales Manager (Auto) at Firstmac.
Jamie has 20 years' experience within the automotive & finance industry with a passion for sales, creating positive team culture and achieving results. Before joining Firstmac, Jamie held the role of National Sales Manager with another lender and has many years of experience as a BDM within the third-party channel.
Jamie brings a wealth of knowledge, key relationship management skills and team building to the business. Outside of work Jamie is a family man who enjoys the outdoors and Saturday golf.
Please don't hesitate to reach out to Jamie for anything Firstmac Auto.
Jamie's direct contact details are:
Mobile: 0428 366 152
Email: Jamie.Miller@firstmac.com.au
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Kind regards,
Jake Sanders
Head of Third Party Sales
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| Are you looking for a quick update on your current files? Why not Live chat with us now in Broker Tools |
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*Conditions apply. For Broker use only This email and any attachments are confidential and intended solely for the addressee. If you are not the addressee, or have received this email in error, please notify the sender immediately, delete it from your system and do not copy, disclose or otherwise act upon any part of this email or its attachments. Any opinion or other information in this email or its attachments that does not relate to the business of Firstmac Limited, is not given or endorsed by Firstmac Limited. Internet communications are not guaranteed to be secure or virus-free. Firstmac Limited does not accept responsibility for any loss arising from unauthorised access to, or interference with, any internet communications by any third-party, or from transmission of any viruses. of any viruses. Firstmac Limited will not send emails to you requesting security or confidential details, such as passwords or memorable word information. If you receive such an email, do not reply to it or follow any links within it to websites claiming to be Firstmac Limited. We will send emails to you with details of products and services that we think will be of interest. Any links within these emails will take you to product and service information pages only and not to any page where you will be asked to log-in. To unsubscribe, reply with 'Unsubscribe' in the subject line. © 2024 copyright of Firstmac Limited ACN 094 145 963 Australian Financial Services Licence / Australian Credit Licence 290600 |
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June 3rd
Hi Asset Team, earn more and settle loans even faster this June
 | BROKER NEWSLETTER | SETTLING ASSET FINANCE JUST GOT QUICKER |
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| Hi Asset Team, | Loads is going on at Wisr as we round out the financial year! We have exciting promotions running for both you and your clients this June, plus we’ve made changes to our bank statement requirements for Asset Finance clients. Check out the highlights or dive into the detail below.
THE HIGHLIGHTS No bank statements needed for Asset Finance clients with higher credit scores You can earn higher commission until the end of June with our EOFY promotion Clients that settle in June could win $1K repaid off their loan with our Power Your Possible EOFY giveaway*
Scroll down for more info or login to your Broker Portal. Not accredited or need access? Send a request to contact@wisr.com.au.
Speak soon,
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| | ASSET FINANCE BANK STATEMENT CHANGES |
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| Asset Finance clients with credit scores over 640 will no longer need to provide bank statements. This is true for both PAYG homeowners and renters and will be available for vehicles up to 15 years end of term. Plus, 7 year terms have been opened up for Asset Finance on vehicles no older than 4 years and 11 months at the start of term, 150% LVR glasses retail value.
SLAs for loans eligible for no bank statements will be provided in under 4 hours. |
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| EARN HIGHER COMMISSION THIS MONTH |
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| Not heard about our End of Financial Year promotion yet? Running until the end of June, Wisr is offering up to 5% commission on our Asset Finance Loans and up to 2% on our Personal Loans!
Just note, this may vary according to Aggregator. For more info, please contact your BDM. |
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| YOUR CLIENTS COULD WIN $1K REPAID ON US |
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| We’re all about helping Aussies reach their money goals. That’s why if your clients settle a loan with Wisr this June, they’ll be automatically entered into our Power Your Possible Giveaway where we’ll pay $1K off the loans of three lucky winners*.
We’ve created this flyer that you can share with your clients, or for more information, just reach out to your BDM
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| To learn more about Wisr and the latest news regarding our products and services, please log into the Broker Portal or contact your BDM from the list below. |
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| | | THE BORING (BUT IMPORTANT) STUFF | Credit eligibility criteria, terms & conditions, fees & charges apply.
Finance provided by Wisr Finance Pty Ltd ACN 119 503 221 Australian Credit Licence 458572 to approved applicants. All applications for credit are subject to Wisr’s credit approval criteria. This does not constitute an offer for credit nor does it guarantee that an offer for any product will be made to you. Terms and conditions apply. | *AU18+ only. Ends 30/6/24 11:59pm AEST. Limit 1 entry per person/settled loan. Max 1 prize per person (excl. SA). T&Cs apply. | DISCLAIMER | The information provided in this email is general in nature and does not constitute personal financial advice. It has been prepared without taking into account your personal objectives, financial situation or needs. Before making any decisions, it is important for you to consider your personal situation and seek appropriate tax, legal and other professional advice. |
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June 3rd
Get a $500 CAF-back this EOFY
Lmg,
Get a $500 CAF-back with Plenti this EOFY*
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To sweeten the deal this EOFY, for every 5 commercial deals you submit and settle with Plenti we'll give you $500 e-gift card!* - It's that easy.
No it's not a spelling mistake! CAF is what we refer to internally as our 'Credit Assistance Fee' - some lenders also call this an 'Establishment Fee'. So it's time to ensure your EOFY deals are locked in and settled without a hitch. Plenti is here to make that happen with our commitment to speed, reliability, and service excellence. We have been working hard to ensure that we have strong credit turnaround times to accompany our feature rich commercial product including: |
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| - Credit decisions typically in under 2 hours^
- No early termination fees on loans after 2 years
- 7-year commercial loan terms
- Digital signatures for all guarantors
- Same-day RTGS payments
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Don't just take our word for it |
"Plenti's asset finance product and our dedicated Relationship Managers shine brightly. We're embraced with wholehearted support throughout our applications, experiencing nothing short of phenomenal assistance and timely processing. This level of care ensures our customers receive the help they need exactly when they need it.
We couldn't be more delighted with both the exceptional staff and the outstanding product on offer." |
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*Terms and conditions apply. Offer ends June 30 2024.
For broker distribution only. Not for consumers.
^Represents the average assessment time to conditional approval for commercial loans from 1 May 2024 - 31 May 2024 This email has been sent to you by Plenti RE Limited for and on behalf of Perpetual Corporate Trust Limited (as custodian), Australian Credit Licence number 392673 and Plenti Finance Pty Limited, each a credit provider.
Plenti RE Limited ABN 571 666 466 35 holds Australian financial services licence number 449176 and Australian credit licence number 449176, and is a member of the Australian Financial Complaints Authority (AFCA). This information should not be taken as financial product advice and has been prepared as general information only without consideration of an individual’s particular investment objectives, financial circumstances or needs. Plenti takes your privacy seriously. All information about you is held subject to our Privacy Policy. |
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June 3rd
Flexicommercial June News... flexipremium rate special extended!
At flexicommercial we know EOFY can be the busiest time of the year for brokers – which is why we’re making sure you’re looked after with great rates for premium customers and market-leading processing times as always. |
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LET’S GO EOFY! - No planned staff leave in June.
- Additional casual staff to keep processing quick.
- Sales and Credit staff available on weekends.
- Open Saturday 29th June to get any last minute deals through.
- No cut-off dates for new deals – bring ‘em on!
Download our DUCKS IN A ROW EOFY flyer. |
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| FLEXIPREMIUM RATES EXTENDED! - Special rates for premium customers.
- For established businesses financing newer assets.
- flexipremium 7.99% p.a. rate special extended all June!
Download our FLEXIPREMIUM RATE SPECIAL flyer. |
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Finally, I’d like to thank you for a fantastic 2024 Financial Year and wish you the best for a buoyant year to come.
As always, if you have questions – or an urgent EOFY deal to get done – talk to your flexicommercial BDM.
Regards
Geoffrey Egan
General Manager, Distribution
Australia & New Zealand |
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*Lending criteria, fees and T&Cs apply.
All applications are subject to Financier's lending and credit criteria and approval is at the sole discretion of the Financier. |
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Finance provided by flexicommercial Pty Ltd ABN 17 644 644 860, a subsidiary of humm Group Limited. |
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Level 1, 121 Harrington St The Rocks, Sydney NSW 2000 Unsubscribe |
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June 3rd
Our solutions to keep you moving this EOFY
Our solutions to keep you moving this EOFY | View online |
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We are here to support you through June and beyond. |
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Hi Zoe, With EOFY fast approaching, our teams will be working increased hours to ensure we keep your brokers moving through June. |
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CreditAll applications submitted/received by COB 26 June 2024 will be processed in line for month end. |
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| SettlementsAll applications submitted for settlement by COB 27 June 2024 will be processed in line for month end. |
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Any applications or settlements submitted after the cut-off dates, will be reviewed if possible. We cannot guarantee they will be actioned prior to month end. Accreditations on hold.To ensure our teams are focusing wholly on applications and settlements for EOFY, we will be putting accreditations on hold from 10 June to 1 July 2024.* *An exception can be made for a broker that has a deal ready to submit and settle prior to 27 June 2024. To request an exception, please email raf.brokersupport@resimac.com.au. New Broker Support team.Our existing team has been reshaped and expanded to more team members to support and assist your brokers through the Resimac Asset Finance process. e: raf.brokersupport@resimac.com.au p: 1300 729 955 (option 2) If you have any questions, please call me or reply to this email. Kind regards, |
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|  | Danny Tuttlebee
Head of Sales |
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June 3rd
Secured Asset - Loan terms > 5 Years
Secured Asset - Loan terms |
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Hi there, As they say, (not) all good things must come to an end.
Please be advised that the limited time offer where Firstmac are waiving the 0.50% interest rate loading on loan terms greater than 5 years will be discontinued, effective 17/06/2024.
Any in flight applications submitted prior to this date, have up until 17th June 2024 to settle in order to maintain the limited time waiver.
Firstmac still maintains our ultra competitive pricing with rates starting from 6.19% (Variable) and 6.59% (Fixed) for new green cars, and 6.34% (Variable) and 7.09% (fixed) for new / demo non green.
Click below to see the full product range and ultra competitive rates in all asset categories. |
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| Are you looking for a quick update on your current files? Why not Live chat with us now in Broker Tools |
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3rd June
Updated Servicing Calculators
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Now that the $0 establishment fee offer has ended for both MONEYME and SocietyOne personal loans, please find our updated servicing calculators below. |
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EOFY is right around the corner. Did you know that self-employed applicants can use a SocietyOne secured loan to borrow up to $70,000 and may be able to benefit from the government’s instant asset write-off program? If you want to get access to the SocietyOne broker platform please speak with your aggregator's accreditations team or if you are not part of an aggregation send an email to onboarding@moneyme.com.au |
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As always if you have questions about this announcement, need help with an application or have any other enquiries, please reach out to our Broker Support team on 1300 908 068. |
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Cheers,
The Broker Support Team
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31st May
Latest updates to Equipment Finance contracts
| Dear Liam | | Latest updates to Equipment Finance contracts |
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Under the Banking Code of Practice, we must provide customers with information about our terms and conditions, fees and charges and applicable interest rates before or when a contract for a banking service with us is made.
To fulfil this obligation, all brokers are currently required to provide a copy of the Equipment Finance (EF) quote to clients before they sign their EF contract. The Quote Letter sets out key details of fees and charges, such as the effective interest rate (including brokerage).
From Monday 3 June 2024 our Equipment Finance contracts will now include the customer’s applicable interest rate within the EF contract.
As a consequence of implementing this change, it will no longer be mandatory for the Equipment Finance quote to be provided alongside the EF contract, nor required to be returned to us with the signed contract.
This change will also allow customers to access information about the interest rate applicable to their loan directly within the contract.
We’re here to help.
For further information regarding this change, speak to your local Business Development Manager or Relationship Executive. |
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Regards,
Capital Finance Equipment Finance |
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| Things you should know:
This communication is not for distribution to your customers or any member of the general public. The information contained in the email is current at the time of dispatch.
This document is to be used as general information only and should not be considered a comprehensive statement on any matter and should not be relied upon as such. This document has been prepared without taking into account any individual objectives, financial situation or needs. No member of the Westpac Group or any of their employees or directors gives any warranty of accuracy or reliability nor accepts any liability in any other way, including by reason of negligence for any errors or omissions contained herein, to the extent permitted by law.
Copyright © 2024 Capital Finance Australia Limited ABN 23 069 663 136 Australian credit licence 393031.
Unsubscribe | Privacy |
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29th May
You may have heard... Banjo has doubled its Business Loan capacity!
Yes we can confirm the rumours... |
Hello Zoe,
Banjo has extended our Business Loan offering up to $2m per ABN and $5m across a group of entities*.What does this announcement mean for you? This means, as a broker, you get to access even more finance for your clients – when they need it – to move their business forward and reach the next chapter in their development. Whether that's stocking up on inventory, scaling production to win new contracts or whatever works in their business world.
Here's one example of a $2 million deal for a very happy client. | But wait, there's more!Great things come in threes, so this is just our first announcement in the lead-up to the end-of-financial year.
Stay tuned for two more deal-enhancing announcements to come...
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Do you have a loan scenario on your desk? Chat to your local Banjo Loans specialist today. Call 0417530043 | | Follow Banjo on |   |
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28th May
$0 Establishment Fee ends 31st of May for MONEYME and SocietyOne Personal Loans
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The $0 Establishment Fee Offer for MONEYME and SocietyOne Personal loans ends this month. To take advantage of this offer, deals must be settled before 5pm on Friday, 31st May 2024. Due to the large influx of deals expected with this offer and month end, please submit your applications before 5pm this Thursday 30th May to avoid disappointment. Download the latest servicing calculators here: |
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As always if you have questions about this announcement, need help with an application or have any other enquiries, please reach out to our Broker Support team on 1300 908 068. |
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Cheers,
The Broker Support Team
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28th May
OnDeck - Customer Scenarios, small business budget insights, gift voucher rewards, and more...
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Hi Zoe,
In this edition, learn about recent customer scenario's, key insights into what the Federal Budget means for you and small business, updates to our Lending Policy, plus a reminder of our EOFY rewards offer. Scroll down for more! |
Customer scenarios: How we've helped |
| We support small businesses across hundreds of industries for a variety of finance needs. Here's an example of some recent customers we helped with fast business funding. |
| The business client | The challenge | The solution | The outcome | | Hotel/pub venue in NSW seeking funds to pay for recent venue refurbishments. | Required $200k by the end of week to finalise trades invoices. | Offered $175k over 21 months, with 6 months banks statements & ATO portal (ICA). | Approved in 2hrs 38mins. Funded 1hr 11mins after approval. | | General Practitioner in VIC seeking funds to expand medical practice. | Was seeking $150k for general construction and refurbishment to the practice. | Offered $155k over 24 months, with 6 months bank statements. | Application approved same day. Funded 9 mins after approval. |
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Federal Budget: Key highlights for small business |
| We unpack the key highlights of the latest federal budget, shedding light on crucial aspects affecting small businesses including yours. Read our article for insights and comments from our CEO, Cameron Poolman , to help you make strategic decisions for your business. |
Lightning Loans Plus policy update |
| Here's a reminder of our updated document requirements making your loan applications easier for Lightning Loans Plus from $175,000 to $250,000. |
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| We understand small business, because that's all we do |
| Get in touch with our Business Development Managers who can help pre-screen your client's scenarios without credit checks, prior to loan application submission. |
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| Important information:^ RedBalloon gift voucher offer commences 9:00am (AEST) 1 May 2024 and closes 11:59pm (AEST) 30 June 2024 "Promotional Period". The promotion is open to OnDeck’s accredited brokers and new OnDeck customers only and is applicable for new customer transactions only. Each eligible transaction funded with a loan amount between $10,000-$250,000 will receive (1) a $250 RedBalloon gift voucher to the Broker and (2) a $250 RedBalloon gift voucher to the customer. Vouchers will be dispatched by RedBalloon at the end of the promotional period, following the funding of loans. OnDeck bears no responsibility for disputes between you and RedBalloon and reserves the right to terminate the offer at any time. This email was sent by On Deck Capital Australia Pty Ltd ABN 28 603 753 215 (OnDeck), 130 Pitt St, Sydney, NSW, 2000 to zoe.calderbank@nodifi.com.au and is intended solely for the use of the individual to whom it is addressed and may contain legally privileged or confidential information. If you have received this message in error, please notify the originator immediately and delete it from any transient or permanent storage device. OnDeck accepts no responsibility for loss or damage arising from the use of the information transmitted by this email including from computer viruses.
Loans issued in Australia are subject to lender approval and the terms of a loan agreement issued by OnDeck Capital Australia Pty Ltd. Fees, terms, and conditions apply.
You can update your contact details and marketing preference here. To unsubscribe from all OnDeck communications you can do so here. View our Privacy Policy .
On Deck Capital Australia Pty Ltd ABN 28 603 753 215. OnDeck® is a Registered Trademark. All rights reserved. |
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24th May
Affordable Car Loans - Change to Commission Structure
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Dear Team,
Further to this weeks Product Guide update, please note commission rates have been amended in the following tiers: - Settled deals with an interest rate between 0.00% - 11.99% commission payable will be 2% + GST
- Settled deals with an interest rate from 21% commission payable will be 3% + GST
Please note this change will take effect from 1 June 2024, so all deals settled in May 2024 within these tiers will be paid at the previous commission rates.
Lesley Wilkinson
National Business Development Manager
Affordable Car Loans |
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24th May
Metro Consumer - Welcoming Our New MetroEco Sales Manager
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Jessica Clarke
MetroEco
Sales Manager |
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Metro would like to congratulate Jessica Clarke on her promotion to Metro Eco Sales Manager!
Jess has been with Metro since 2018, initially starting as a Credit Analyst before being promoted to Commercial Business Development Manager in March 2020.
Jess has been heavily involved in the Metro Eco product, contributing to its feature development and closely collaborating with other departments. The Metro Eco product is scheduled for launch in June, and we are excited to make a positive impact on the environment while offering discounts to our introducers and end clients.
Please join me in congratulating Jess!
Shaun Purcell |
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24th May
Prospa - Grab +1% Commission
Capture growth in the SME market now |
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| Find, connect and win more business from the established small business segment. |
No repayments on Prospa business loans up to $500K for the first 6 weeks to eligible established small businesses.
Loan and offer eligibility and approval subject to standard credit assessment criteria. Fees, terms and conditions apply.1 |
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| Help your clients realise their business vision sooner with funding and earn yourself an extra +1% commission boost. |
Offer valid between 6 May and 30 June 2024 (inclusive).
T&Cs apply.2 |
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- Manufacturing
- 24 years trading
- $1M Avg monthly turnover
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| - $515K Business Loan Plus
- 36-month term
- $4,272 weekly repayments
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An equipment manufacturing company specialising in food production machinery was seeking funds to the value of $750,000K. They needed to source 20 separate pieces to build a machine used in the production line for donuts. Once commissioned they will then conduct a sale lease back with an asset finance lender. |
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24th May
WISR - Broker Update
| BROKER UPDATE | WE HAVEBIG NEWSFOR YOU |
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Hi Asset Team, | We’ve just launched our EOFY promotion! You can now get higher commissions and a better deal for your clients with Wisr until the end of the financial year.
THE HIGHLIGHTS Our EOFY Higher Broker Commission Promotion is live! It’ll be running until 30th June 2024 COB. We have a BRAND NEW Asset Finance rate chart. Rates start from just 7.59% p.a. (comparison rate 9.03% p.a.*1) for asset-backed applicants with scores of 700 or higher! Asset Finance lends have increased to $150,000 for cars, caravans, camper trailers and up to 12 tonne commercial vehicles. LVR increased to 150% with no rate loading for vehicles under 10 years end of term.
Scroll down for more info or login your Broker Portal. Not accredited or need access? Send a request to contact@wisr.com.au.
Speak soon,
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HOW DOES HIGHER COMMISSION SOUND? |
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As we head into the end of the financial year, we’re offering a very special promotion to say thank you to all our brilliant brokers. Running until the end of this financial year, Wisr is offering up to 5% commission on our Asset Finance Loans and up to 2% on our Personal Loans.
Just note, this may vary according to Aggregator. For more info, please contact your BDM. |
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NEW ASSET FINANCE RATE CHART AND MAX LEND |
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We’re excited to announce a complete revamp of our Asset Finance rate chart. This includes a simplification of asset-backed clients and a new segmented approach to non asset-backed clients.
Rates now start from 7.59% p.a. (comparison rate 9.03% p.a.*1) for asset-backed clients with Equifax One Scores over 700. For non asset-backed clients, we are offering rates from 8.49% p.a. (comparison rate 9.23% p.a.*1). |
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FRESHLY FINANCED | Did you know that Wisr lends for leisure assets on the same rate chart as for a standard vehicle? Here are the details of a $48K loan application for a 2018 Jayco Camper freshly financed by Wisr: 67 year old single applicant 9 month part-time and receiving centrelink income Renting in Mackay Approved & funded in less than 2 days
Have a scenario you’re looking to workshop? Just reach out to your BDM. |
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24th May
ScotPac - New Content in Partner Portal
New Content in Partner Portal
'Brand and Send' to Your Clients for Easy Marketing Nurturing At ScotPac, we aim to make your job easier!
Through Partner Portal, we offer fast applications and approvals, as well as a wealth of marketing resources that you can easily brand with your company's logo and send to your client base to effortlessly stay front of their mind.
This includes articles, email newsletters, and social media posts.
Sign up for Partner Portal today to access this month’s content. |
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Navigating business financing options in a tough economy- The best financial facilities for long-term sustainability
- Cash flow strategies to insulate your business
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| Why economic relief should be coupled with better regulation- Reducing compliance costs for both business and governments
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Tips to improve profit margins for your business- Eight strategies to improve your business’s bottom line
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| Streamlining your cash flow before EOFY - Finance as a cash flow management tool
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Breaking News: 1% Interest Rate Drop on All New Asset Finance DealsEOFY is fast approaching! Take advantage of this exclusive offer from ScotPac. Effective immediately, enjoy a 1% drop in interest rates for all new Asset Finance deals.
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Talk to your ScotPac Asset Finance BDM, or call 1300 365 280 |
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Register in Partner Portal now to lodge Asset Finance applications, track your deals and access a wide range of marketing content. |
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24th May
Finance One - It Pays to Settle With FinanceOne
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This May, receive a $200 (inc GST) bonus commission^ for every Consumer Plus Loan that you settle with Finance One.
EFFECTIVE TUESDAY 14TH MAY 2024 | | Download Our New Product Guide |
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How does it work? | | Applications must be settled before 31st May 2024. Applies to ALL Consumer Plus Loan applications.* Extra commission is not capitalised to the loan. Normal lending criteria, fees and charges.Terms and Conditions Apply.
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Have a Question? Ask your local Business Development Manager for scenarios. | |
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| | | | | 6hr Consumer Loan assessment process* |
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| 24hr Commercial Loan assessment process* |
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| Dedicated Business Development support |
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| Range of competitive products |
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24th May
Finance One - SA Business Development Manager Update
SA Business Development Manager Update | |
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Introducing Melissa Romeo, our dynamic new Business Development Manager for South Australia that takes the reins from our previous care taker Jamie Miller! With fresh energy and expertise, Melissa is ready to tackle any challenges and explore innovative solutions with you. Whether it’s to discuss our new Plus product or ‘outside the box' scenarios, Melissa is here to brainstorm and collaborate. Reach out to her today and let's embark on exciting ventures together. |
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Melissa has over 20 years’ experience in the finance industry. Having worked for Esanda Finance/ANZ, National Finance Choice Aggregation, a Broker and most recently she was the National Broker Manager for SocietyOne/MoneyMe, Melissa is well versed on all sides of finance.
She has extensive experience within the Broker channel and has worked in a variety of roles including Settlements, Broker Support, Fraud, as a Credit Analyst and a Compliance officer. |
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| Offering more unique solutions for your unique clients in 2024 |
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24th May
Metro Commercial - Customer Exposure Limit Increased to $1.5M
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Metro is excited to announce that we are increasing the overall customer exposure limit under full doc from $1M to $1.5M. This change will give existing Metro clients who are at or nearing the previous $1M limit more flexibility.
The change will also provide other important benefits, such as streamlining the process for customer exposures under $1M. Metro is committed to improving your experience under full doc assessment.
These changes are effective from 15th May 2024. Please don't hesitate to contact your BDM if you have any questions. |
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| Download our rate sheet and get started today |
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| Passenger Vehicle Streamlined Policy |
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| Trucks, Trailers and Wheeled Equipment Streamlined Policy |
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| Other Equipment Streamlined Policy |
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| Replacement Streamlined Policy |
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| Ballon/Residual Finance Streamlined Policy |
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| Agri Product Streamlined Policy |
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14th May
ScotPac - EOFY Price Beat Promotion
Right now, as we run into the end of the financial year ScotPac will beat the interest rate of any non-bank competitor for Invoice Finance facilities, by at least 1%*. This offer extends to any ScotPac Indicative Offer Letter signed by the 31st of July 2024. I can issue Indicative Terms quickly. Just provide updated accounts receivable & payable ledgers, financials and copy of the agreement with the current provider.
14th May
OnDeck - Commission Boost Available Now
We’re excited to launch this month a joint broker and customer incentive, running until the end of June.
You’ll find more details in the PDF’s (per BDM state groups) attached as well as on our website at https://www.ondeck.com.au/partner/promotions/
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Changes to Lightning Loans Plus requirements |
In response to recent feedback and evolving business landscapes, we've made some changes to our Lightning Loans Plus document requirements to provide enhanced flexibility and funding opportunities. |
Effective immediately, we're introducing updated document requirements for Lightning Loans Plus applications (from $175,000 to $250,000). You will now need to include the below new and optional document requirements with all submissions. |
To take advantage of these enhancements, please ensure all new application submissions from today include the new document requirements. We're excited about these improvements and confident they will make a positive difference in your experience with Lightning Loans Plus.
A reminder also that for Lightning Loans applications (from $10,000 to $175,000), we still only require 6 months recent business bank statement.
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We're here to support small businesses, including yours! |
| As always, our dedicated broker team is here to support you every step of the way. Get in touch with your local OnDeck team, email us, call 1800 676 652 (Opt.5) or visit ondeck.com.au/partner. |
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14th May
Prospa - Commission Boost Available Now
Unleash business potential at tax-time |
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| Earn +1% commission rates for all new customers referred and settled. |
Offer valid between 6 May and 30 June 2024 (inclusive).
T&Cs apply.1 |
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| Find, connect and win more business from the established small business segment. |
No repayments on Prospa business loans up to $500K for the first 6 weeks to eligible established small businesses.
Loan and offer eligibility and approval subject to standard credit assessment criteria. Fees, terms and conditions apply.2 |
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14th May
Capital Finance - EOFY Equipment Finance Offer
| | EOFY Equipment Finance promotional offer. |
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Capital Finance is pleased to support our broker network with a limited time only establishment fee rebate offer.
For new Capital Finance applications submitted or approved between Monday 6 May to Sunday 30 June 2024 and settled by Monday 15 July 2024, you may be eligible for an additional $100 establishment fee rebate (on top of the current rebates). |
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| | Current rebate | Promotional rebate (6 May to 30 June 2024) | | Capital Finance | $225 | $325 |
Eligibility Criteria
The following conditions must be met in order to qualify for the promotional rebate offer:- Only available on new applications submitted via DriveOnline.
- Purpose must be for business equipment purposes.
- $100 rebate must be added to settlement invoice and approved.
- Excludes Refinance of existingWestpac Group facilities and Rollover.
- To qualify for the promotional rebate new applications must settle on or before Monday 15 July 2024.
The promotional rebate will be paid at settlement of the new loan.
For further information regarding this offer, speak to your local Business Development Manager or Relationship Executive. |
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14th May
Azora - EOFY Incentive
14th May
Metro Commercial - Monthly Wrap Up
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April has seen increased volumes for Metro Commercial, and we thank you all for your ongoing support.
Credit team have been consistently working within their SLA of 2 hours for new applications.
Settlements are up to date. |
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Generating documents to be wet signed by your customer, follow these steps:- Go to the specific loan on the Metro Portal.
- Navigate to the Docs & ID tab.
- Click on "Generate Documents" and select the "Wet Signature" option.
- Follow the prompts to generate the documents.
- Once generated, click on "Download Pack."
- You will then see the documents ready to be printed and signed by the customer.
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IMPORTANT: Once you've signed, scanned, and uploaded the documents, proceed to upload them by clicking the 'Upload Docs' button. After meeting all conditions, submit for settlement. If successful, the loan status will change to 'Received for Settlement'.
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REMINDER: We have a 'how to' video for you to see the step-by-step process:
CLICK HERE |
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| | Metro has made some positive enhancements to our existing streamlined policies to assist our commercial brokers with exposures and existing accounts with Macquarie. Metro is extending our Balloon Residual Streamlined Product from 12 to 24 months remaining for Macquarie accounts to assist our commercial brokers. Metro will be extending our Streamlined Product to capture Macquarie exposure and history, enabling access to Metro's own Streamlined policy extensions and conditions.
For example: if your client has been with Macquarie for 12 months, they will be able to access up to $400K under Metro Streamlined. Customers who have had over 24 months of exposure can access up to $600K.Please note that conditions such as maximum in drawings of $400K is allowed per year.
Due to Macquarie closing their reference lines, Metro will now require loan statements to confirm conduct and exposures.
Policy changes will be extended until the 31st of December 2024. If you have any questions, please don’t hesitate to contact your BDM. |
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| Download our rate sheet and get started today |
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| Passenger Vehicle Streamlined Policy |
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| Trucks, Trailers and Wheeled Equipment Streamlined Policy |
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| Other Equipment Streamlined Policy |
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| Replacement Streamlined Policy |
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| Ballon/Residual Finance Streamlined Policy |
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14th May
MoneyMe - $0 Establishment Fee Extended
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We’re excited to announce that we are extending our $0 establishment fee until 31st May 2024. This offer is exclusively available for broker introduced loans, across all MONEYME and SocietyOne Secured and Unsecured Personal Loans (excludes MONEYME Autopay car loans).
Download the latest servicing calculators showing no establishment fee:
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As always if you have questions about this announcement, need help with an application or have any other enquiries, please reach out to our Broker Support team on 1300 908 068. |
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29th April
Metro - Metro Consumer News
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At Metro Consumer, Renters & Boarders are treated like asset backed applicants.
Require just $40K evidenced in savings. Alternatively, please apply the rate loadings outlined below:
Rate Loadings:
All non-property owners will have the relevant loading applicable where $40k savings cannot be evidenced.
Tier 1: Loading 1.00% applies.
Tier 2: Loading 1.50% applies.
Tier 3: Loading 2.00% applies. |
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We have made a significant number of changes to our consumer product including.
- Origination Fee up to $1,600 + GST
- $5,000 to $250,000 on Dealer and Private Sale
- NEW 0–2-year Product
- No rate loading 6–7-year loan terms.
- Surplus buffer lowered.
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Latest Rate SheetClick the button below to view our latest rate for personal loans. |
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22nd April
Macquarie - No longer accepting Car Loan or Novated Lease Applications
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18th April
Metro Consumer - Product and Policy Update
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We have changed how we calculate Mortgages & Incomes
We are excited to share significant updates regarding how we calculate mortgages and incomes, aimed at providing a more accurate and efficient experience for both you and your clients.
We have lowered the mortgage buffer that was previously used significantly to be more in line with the current market. We have also updated how we calculated Secondary Employment, Contract Work Income, Regular Overtime and Commission/Bonus Income. All will now be taken at 100%. |
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Latest Rate SheetPlease see our new and improved Rate Sheet attached. |
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Any other questions or queries please contact your Consumer Business Development Manager or Consumer Sales Specialist: |
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| Amanda Mowbray (Consumer BDM) |
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| Kimon Diomis (Consumer Specialist) |
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| Tony Nicol (Broker National Sales Mgr) |
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Copyright © 2023 Metro Finance, All rights reserved.
Privacy Policy |
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16th April
Metro Consumer - Product and Policy Update
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We have listened to your feedback and we are thrilled to announce some exciting changes.These updates aim to improve the overall user experience and ensuring the Consumer Product aligns seamlessly with your business objectives. We believe these enhancements will elevate the Consumer Product to new heights. Your partnership is essential to our success. Please see our updated product below, we have highlighted some of the key features and improvements: - Origination Fee up to $1,600 + GST
- $5,000 to $250,000 on Dealer and Private Sale
- NEW 0-2 year Product
- Renters / Boarders can be upgraded
- No rate loading 6-7 year loan terms
- Surplus buffer lowered
- Updated and lowered non asset backed comprehensive credit scoring
- Broker commissions will now be calculated on future instalments
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Latest Rate SheetPlease see our new and improved Rate Sheet attached. |
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Any other questions or queries please contact your Consumer Business Development Manager or Consumer Sales Specialist: |
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| Amanda Mowbray (Consumer BDM) |
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| Kimon Diomis (Consumer Specialist) |
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| Tony Nicol (Broker National Sales Mgr) |
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Copyright © 2023 Metro Finance, All rights reserved.
Privacy Policy |
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16th April 2024
Shift - Product Enhancements
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16th April 2024
Greenlight Auto - SA BDM Update
Bella Despot is currently on Maternity leave.
Acting BDM for South Australia is:
Kish Nair
0422 136 868
kishore.nair@greenlightauto.finance
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16th April 2024
Capital Finance - Smart Verify for Equipment Finance has arrived.
| Dear m | | Smart Verify for Equipment Finance has arrived. |
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We are pleased to confirm the introduction of our new electronic identity verification solution – Smart Verify.
Smart Verify is a personal self-identification tool. It is simple, easy to use and a convenient way for customers to verify themselves without having to go through the process of providing certified ID.
Your customer’s security is enhanced with an extra level of verification by comparing their photo ID with a photo of their face taken using the camera on their smartphone. Smart Verify uses a protected browser to securely authenticate them and help protect their privacy.
From today, Smart Verify is available to individual applicants only. Non-individual applicants (e.g. Company, Trust, Partnerships etc.) will continue to follow existing identification processes. This applies to any new applications submitted in DriveOnline on or after Monday 15 April.
We will now only accept ID verification for individual applicants through the following options: - Smart Verify identification.
- Face to face identification with broker/customer
- In branch
Note: Other forms of certified documents through third parties will no longer be accepted (e.g. JP, Police, etc). Customer journey
- As a broker, you will need to notify your customer to expect a text message from Westpac containing a link to begin the ID verification process.
- While the text message will appear to come from Westpac, it will mention Capital Finance in the body of the text message.
- The customer will be taken to a Westpac landing page where they will enter their reference number provided and follow the prompts to complete Smart Verify.
- The customer will have to provide an Australian Passport, Foreign Passport with a valid Australian Visa or Australian Drivers Licence/Permit to successfully verify themselves with Smart Verify.
- The customer then follows the prompts to take photos of their ID document and complete the face verification.
- The process is complete when the user can see the final verification complete message.
Important information for Capital Finance customers
- Capital Finance customers will be verified on the Westpac branded Smart Verify platform.
- This is to ensure we were able to launch Smart Verify for both Westpac and Capital Finance customers at the same time.
- We are currently working on the build for a separate Capital Finance branded platform to launch the later in the year.
- Please ensure you notify your customers that the Smart Verify SMS will come from Westpac, and they will complete the ID process on a Westpac branded landing page.
More information
Find out more information about Smart Verify in the broker support materials below:Contact your Business Development Manager or Relationship Executive with any further questions about Smart Verify. |
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Regards,
Capital Finance Equipment Finance |
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15th April 2024
WISR - What's New with Consumer Plus & Unsecured Cash Flow Loans
 | BROKER NEWSLETTER | REDUCED RATES & FRESH FACES |
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| We’ve got plenty of good news to bring you this April, with promising updates on interest rates, secured vehicle loans and new additions to the Wisr BDM team. | THE HIGHLIGHTS No bank statements for eligible secured vehicle loans for PAYG homeowners and renters with scores over 640 (see Broker Portal for details or chat with your BDM) We’ve lowered our rates on personal loans with rate from 8.49% p.a. (comp rate 9.23% p.a.) Low rates for secured vehicle loans are also live, with rates from 7.34% p.a. (comp rate 8.78% p.a.) and6.84% p.a. (comp rate 8.28% p.a.) for electric vehicles Give a warm welcome to Mete Yildirim and Joe Ventra, our two new BDMs who are supporting our QLD and NSW brokers alongside Paige and Ultan. Both Mete and Joe are well-known in our industry and we’re thrilled to have them join the team.
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15th April 2024
FinanceOne - What's New with Consumer Plus & Unsecured Cash Flow Loans
15th April 2024
Flexi Commercial - Special Rate Now Introduced
Good news, our special rates just got MORE special for your premium customers with a lower than low 7.69% p.a.* on Primary and Secondary assets for a limited time!
>> Download our PREMIUM CUSTOMERS SPECIAL RATES flyer. More ways we're getting behind our brokers this April... |
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| REMINDER, $40K TRIP COUNTDOWN
Don't forget, every $100K (inc. GST) worth of total business submitted from 1 February to 30 April 2024 and settled by 12 May 2024 is another entry in the draw – time’s ticking so goooo for it!
Download our WIN A BIG $40K TRIP flyer. |
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TIPS & TRICKS TO OUR FLEXIBLE TERMS
We know every financier has different policies, so we’ve put together a cheat sheet to remind you of our flexible approach and all the ways we can help you meet your customers’ asset finance needs.
Download our FLEXI TIPS & TRICKS flyer. |
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12th April 2024
Capital Finance - Broker Update
| Dear Liam | | We’ve made a small change to Motor Vehicle and Small Ticket applications in DriveOnline. |
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The Australian Prudential Regulation Authority (APRA) has introduced additional regulatory requirements to support financial stability across the banking sector.
To ensure compliance with these obligations, we’ve made a small change to capture the Annual Revenue/Turnover position from Business Customers.
This applies to new or cloned applications only. You will notice: - An additional question that requires a Yes or Noresponse –
- Annual Revenue/Turnover for customer’s Group (borrowers, company, or group of interested companies) is less than $75mil?
- Where applicable the Affordability Declaration (renamed Affordability and Financial Declaration) will include an additional sentence relating to the customers ‘Yes’ response from the Annual Revenue/Turnover question.
- Where applicable, provide the Affordability and Financial Declaration for the customer to sign.
- Note: where No is the response, the policy will not be met, and the deal will be required to be submitted as a Standard application with the appropriate supporting information.
Find out more information about the changes in our broker support guide. |
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12th April 2024
Alex Bank - Broker News
Welcome to April 2024 with Alex.Bank! We hope you all enjoyed a restful long weekend.
In this edition, we share some of the top reasons brokers are loving our Secured Personal Loan, highlight our enhanced delegations for assessing income and expenses for greater flexibility in decision-making, and feature insights from brokers on their recent experiences with Alex.Bank.
Happy reading! The Alex.Bank Team |
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Improvements to make it easier to do business with Alex.Bank |
We have been working hard internally to improve how we do business with our valuable Broker partners (that's you!).
Our frontline assessors have now increased delegations when assessing income and expenses, which will lead to faster decisions with less validation, dramatically reducing back-and-forth with brokers and customers.
One specific change is how we assess By Now Pay Later (BNPL) spend. We have changed from taking the average monthly spend across the three months of bank statements, to the lowest monthly spend.
These changes are live now in the lending guide located in the Broker Portal. |
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The Top 3 Reasons Why Customers Love Our Secured Personal Loan |
1. We offer the same rate regardless of termAt Alex.Bank, we believe in a fair deal. That's why our Secured Personal Loans offer the same rate, regardless of the term you choose, ranging from 1 to 7 years.
Whether it's a 6-year term or a 7-year one, you'll always get the same rate. |
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2. We offer the same rate for cars up to 7 years oldAt Alex.Bank, our rates apply equally for cars up to 7 years old and brand-new vehicles. This ensures that a wider range of your customers can access our attractive rates. |
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3. We have no ongoing fees At Alex.Bank, we keep it simple: no ongoing fees on any of our loan products, including our Secured loan product which only has a low $295 establishment fee. This means your customers enjoy consistently low comparison rates without monthly charges.
Discover why more brokers are choosing Alex.Bank for Secured Personal Loans each month. To learn more, visit our Broker Portal or reach out to your dedicated Alex.Bank BDM below. |
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Broker Banter: Alex.Bank Broker Testimonials |
"Just wanted to let you know that the process for the secured caravan loans is going great.
I have had one settle at this point, but have three others approved that will go to settlement once ready.
The system is nice and easy and assessors are great - helpful and have a logical approach to things.
Everything so far has been very straightforward."
- Jorgia Alex.Bank Accredited Broker, VIC |
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"I recently had the pleasure of working with Alex.Bank to secure a personal loan for one of my clients, and I must say, the experience far exceeded our expectations.
In an industry where rigid criteria often leave little room for individual circumstances, Alex.Bank's credit team demonstrated an exceptional level of flexibility and understanding.
I was very impressed with their willingness to look outside the box and assist me with my client’s individual situation given his overall industry experience in his role despite only being just over three months in his current full-time role.
Thank you to BDM Peter Gibson for your support and to the Alex.Bank Team, for your exceptional service!”
- Nick Alex.Bank Accredited Broker, QLD |
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12th April 2024
Pepper Money - We're Making Changes to our Consumer Credit Policy
We're making changes to our Consumer Credit Policy |
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From the 4th of April, 2024, we're making changes to our Consumer Credit Policy and appetite. These changes primarily relate to Tier C and casually employed applicants, and we’ve attached below our updated Consumer Product Guide which reflect these changes. |
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All pipeline consumer applications will not be affected by this change. All applications submitted before the implementation of the new policy will be processed under the existing policy requirements. |
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12th April 2024
MoneyMe - Exciting Changes to our Personal Loan Products
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Starting April 3rd 2024, we're thrilled to announce several exciting product changes for our MONEYME and SocietyOne Personal Loan products. MONEYME Changes: - Reduced pricing for property owners on MONEYME Personal Loans by up to 7.71% p.a. (See guide for new pricing)
- The maximum loan amounts for credit score bands have also been adjusted
- Casual employment type will no longer be accepted
SocietyOne Changes: - SocietyOne commission structure is now aligned with MONEYME and brokers will receive 1% commission on the Net Amount Financed (this consists of the loan principal, broker fee, and SocietyOne establishment fee) upon settlement
- Casual employment type will no longer be accepted
Download the updated broker guides here: |
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Reminder: $0 Establishment Fee for personal loans is running until the 30th of April If you have any questions about these changes or want to know more, please contact the broker support team on 1300 908 068. |
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28th March 2024
Pepper Money - Your Rate Plans are Now on Solana!
our rate plans are now on Solana! |
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From the 26th of March, you can access all your rate plans easily on Solana. No more waiting or searching for them after they’ve been sent by email! With the new Pricing Plan button on Solana, you can either see them on your screen or download them as a PDF. Viewing your rates has never been simpler. |
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- New Button: After logging into Solana, you’ll find a new button labeled “Pricing Plan.” Click on it to view all rate plans associated with your account.
- Filter & Sort: Easily filter rate plans by name, product type, and commission. You can also sort them by name, creation date, and updated date.
- Download Options: Download rate plans as PDF files.
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Please see below for an in-depth user guide on the brand new feature: |
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28th March 2024
Firstmac - Policy & Process Update
In an effort to streamline the application process for brokers and customers, we have changed the way we calculate Overtime, Bonus and Commission income to be used in serviceability.Effective immediately, for new applications, we will accept 80% of annualised Overtime, Bonus and commission income as evidenced on acceptable payslips provided. Base salary will continue to be annualised at 100%The annualised base income is to be added to the annualised overtime, bonus & commission income to determine a figure to be used in serviceability calculations. Please log into Broker Tools > My Tools > Documents > Calculators to access our simple payslip calculator to determine this figure.This removes the requirement for ATO income statements, PAYG Payment summary, or other documents, where we have been provided with acceptable and valid payslips and will fast track your application for a smoother end to end transaction.We have listened to your feedback in our recent Broker survey and are committed to improving our service, speed of delivery and being more concise with accurate and timely communication. |
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Firstmac is pleased to announce immediate changes to our Secured Asset policy.
These changes include:
- Negative Equity on Trade-In: Firstmac can fund a negative equity amount up to $6,000 subject to the total loan amount meeting our acceptable LVR guidelines.
- Certificate of Insurance: We no longer require a full copy of the Certificate of Insurance (COI). Firstmac can now accept details of a valid comprehensive insurance policy.
Details are required prior to settlement booking and must include: The insurer, policy number and type of cover. - Asset-Backed Discount: Customers with an appreciating asset valued at $200,000 or more will now qualify for the discount. For example, an applicant with a $200,000 share portfolio would now be eligible for the Asset-backed rate.
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Note: Satisfactory supporting evidence must be provided for the discount to apply.
You can take advantage of these exciting new policy changes immediately. Any corresponding system updates will be made in the coming days.
These adjustments are part of our ongoing commitment to provide a market leading product to our broker network. More information on our current products and rates can be found on our Rate Bulletin located in Broker Tools. |
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28th March 2024
Shift - A Business First Approach to Equipment Finance
| | | The Equipment Line enables your brokers to support their customers' current and future equipment needs, as well as create a recurring income stream. |
| Business first approachLimits are set based on the strength of the business rather that the type of asset required. |
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| Flexible usePurchase any business equipment, without the need for applications or credit score checks each time. |
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| Simple online paymentUpload an invoice for direct payments to your supplier, while customers make monthly repayments. |
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| Hear from Carissa Hurley (Quantum Business Finance) and Daniel Liao (Geared Asset Finance) about their experience with the Equipment Line. |
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28th March 2024
Azora - Exciting Updates
We've been hard at work enhancing our product offerings and optimising our pricing to better serve you and your clients. With client exposure now reaching up to $150k and competitive base rates starting from 8.80%, there's never been a more enticing time to explore what Azora has to offer. To provide you with a comprehensive overview of our latest offerings, I've included our updated product guide, essential policy details, and a list of acceptable visas for your reference. As your dedicated point of contact, I'm here to assist you every step of the way. Whether you need assistance navigating our financing options or require support throughout the application process, I'm committed to ensuring a seamless experience for you and your clients. Additionally, our State Manager, Spencer Mitchell, is available as a secondary contact for any further inquiries you may have. At Azora, we're passionate about breaking down barriers to SME finance, particularly for non-homeowners. Our lending approach is efficient and streamlined, setting us apart from traditional lenders. Our recent product enhancements, such as eliminating deposit requirements for non-homeowners, demonstrate our commitment to being a flexible and accessible lending partner for your clients' needs. We recognise that your business priorities evolve over time, and we've adapted our products accordingly to better align with your needs. Our unwavering dedication to prioritizing your clients' interests is evident in our responsiveness and commitment to providing tailored solutions. If you're considering reigniting your business with a lender that shares your values and supports your goals, Azora is the partner you've been searching for. Whether you have questions, need to explore specific scenarios, or simply want to reconnect, please don't hesitate to reach out. We're here to support you every step of the way. |
28th March 2024
Banjo - Product Announcements
updating you on some exciting product announcements. Increased loan amounts: - Asset Finance - Maximum loan amount increases from $1M to $2M per ABN.
- For the right customer we can go up to $5M across a group of ABN’s.
- (Working Capital Business loans soon to follow)
Increased brokerage: - Brokers can now take increased brokerage for full doc Working Capital Business Loans up to $500,000.
- For NEW deals, the standard is 1% however you can now take this up to max 4%.
- For REBORROW deals, the standard is 1% however you can now take this up to max 2%.
- (Max brokerage for working capital business loans above $500K remains at 3% for new deals, and 1% for reborrows)
Updated brochures and more info can be found in our new Solutions Hub (www.banjoloans.com/solutions) |
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28th March 2024
Dynamoney - We've Made Enhancements to our Lending Platform
We want to let you know about some exciting enhancements we’ve made to our lending platform. Starting this week, all loan documents will be available to brokers as soon as a deal is approved by Dynamoney. The Dynamoney platform will now also automatically generate Verimoto inspections for loan applications on behalf of brokers – saving you time and helping you secure loan approval faster than ever before. We’re committed to our goal of being a leading SME lender in Australia and the best partner for brokers. It’s why we continue our year-long program to enhance our platform to make loan applications faster, simpler and safer. These new features will see Dynamoney further reduce loan approval times for you and our small Australian Businesses. For more information on these new features and enhancements, visit the Dynamoney website or speak with your BDM. |
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28th March 2024
Firstmac - Now Accepting Vehicles upto 5 Tonnes!
| Firstmac Accepts Vehicles up to 5 tonnes! |
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Firstmac can consider a Gross Vehicle Mass (GVM) of up to 5 tonnes on some passenger and light commercial vehicles. This includes vehicles such as the Performax Superduty (Ford) F250, Toyota Landcruiser 70 Series and many more! The expansion of the maximum GVM, combined with our competitive product range, means you can offer a Firstmac product to more of your customers. To check the acceptability of a vehicle, and to obtain a quote, please visit the My Quotes menu in Broker Tools.
| | | Are you looking for a quick update on your current files? Why not Live chat with us now in Broker Tools |
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19th March 2024
Latitude - Variable Motor Loan Rate Changes for Existing Customers
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Variable Motor Loan Rate Changes for existing customers |
We recently advised, in our communication dated 25th January 2024, that we were making changes to our Variable Rate Motor Loans for existing customers effective Monday 1st April 2024. We advise this only impacts exiting loans that were funded up until 15th November 2023. A communication was sent to impacted customers on Wednesday 28th February. We apologise this was not detailed in our previous communication. 
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15th March 2024
Plenti - Did Someone Say Trucks?
In case you missed it, our commercial automotive loan has expanded to now include trucks up to 12 tonnes. It’s not just trucks, we’ve updated our policy which includes a lower annual turnover threshold that sees Tier 3 increase by 20% when accompanied by an accountant letter, new comparable credit limits across all tiers, and straight through processing. Additionally, streamlined approval process typically ensures conditional approvals can be obtained within just 5 minutes, pending fulfilment of credit criteria. Download our rate card from the broker portal or speak to your BDM to find out more. |
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| Want the chance to win $500? |
Every commercial truck loan application submitted between 4 - 31 March will go in the running to win a $500 Prezzee e-Gift Card.* |
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15th March 2024
Macquarie - We’re Going Digital
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15th March 2024
ScotPac- A new, easy way to access cash with our Cash Line
Fuss free cash on
call for businesses.Are your clients looking for a quick and easy line of credit for their business? We’ve got a new funding solution that offers a fixed limit just like a line of credit, with no principal repayments, or need for property security. |
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Fast funding in 24 hoursBecause opportunities don’t last.
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| No principal repaymentsWe offer a set limit with no principal repayments.
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| No need for property security^For those who don't have, or don't want to use their home. |
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Easy finance with ScotPac’s Cash Line |
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15th March 2024
Firsctmac - Car Loan Update - Special Offer
We are pleased to announce effective today, Thursday 14th March 2024, we will be removing the loading of 0.50% for loan terms > 5 years, as a limited time offer.
Any new loan applications, approvals, and resubmissions from today that are affected by this change will have this update applied.
Please see our updated rate sheet. |
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15th March 2024
Dynamoney - The Dynamoney Overdraft is here and better than ever!
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15th March 2024
Dynamoney - We're Back, and ready for your Deals!
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15th March 2024
AMMF - New Financing Option for E-Bikes
We are excited to introduce our new financing option for Electric Bicycles (E-Bikes)! E-Bikes have become an increasingly popular and eco-friendly mode of transportation.
To celebrate the launch of this exciting development, AMMF is pleased to offer a competitive interest rate range between 8.95% and 10.95% for all consumer borrowers.
Customers can choose flexible loan terms between 2 – 5 years with weekly, fortnightly, or monthly repayment options. See attached Product Guide for more information.
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15th March 2024
Verimoto - From Verimoto to DoxAI Asset Verification!
|  | We recently shared exciting news about the rebranding of Verimoto to DoxAI Asset Verification. Here’s a quick recap of the upcoming changes for your reference: Brand Update: Starting March 11, 2024, our brand name will officially change to DoxAI Asset Verification across all our platforms and communications. Business as Usual: Rest assured; the mechanics of our service remain unchanged. Your account details, permissions, and access levels are intact. The features you rely on will continue to work seamlessly. New Possibilities: Our expanded ecosystem now offers more than just asset verification. Explore our Dashboard within the portal to discover additional DoxAI services, including data exchange, AI Cross-Check , AI extraction, AI Categorisation, AI redaction, KYC, KYB, AML/CTF compliance, eSign, and eWitnessing. Action Required by You: Feel free to explore and unlock the full potential of DoxAI. Thank you for being a part of our journey. We look forward to serving you as DoxAI Asset Verification! If you have any questions, feel free to reach out to us at support@doxai.co. We’re here to assist! |
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5th March 2024
Flexi Commercial - BIG NEWS – Special Rates Update
We are delighted to announce, effective immediately, we have increased our single transaction limit to $2.5M and our total borrower exposure limit to $5M. |
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We are extremely well funded, and we have a team of very experienced Senior Credit Managers ready to help you get your large deals across the line, quickly. So, if you have some larger deals that you need funded, or if you would like to workshop a deal give your BDM a call today.
Also, to assist you with your premium deals we have extended our Special Rates for a further month. Rates for Secondary Assets have been reduced by 40bps to 8.28%, rates for Primary Assets remain at 8.28%. Please see the attached flyer for more information on these special rates. |
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Please use the link below to download our latest flyer: |
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5th March 2024
MoneyPlace - Updates to Your Dashboard
We’ve released a small update to your dashboard, designed to streamline the way applications are labelled. It will now be easier to locate an application, to see who it currently sits with, and to see its progress. Coloured icons
When viewing an item in your dashboard, the top-left of the box now features a coloured icon that indicates who the application is with.   | With you | | An estimate or application that is with you to action features a teal-coloured icon, and is labelled as 'Estimate', 'Application' or 'Handover'. | | |
 | With client | | An application that is currently with your client to action, features a yellow icon and is labelled 'With client'. Additional details about the steps your client is required to take are displayed inside the box. | | |
 | With MoneyPlace | | Applications that are with MoneyPlace feature a purple icon and are labelled either as 'Queued' or 'Allocated'. This distinction means you can now see when your application is waiting in queue to be allocated to a lending specialist, and when your application has already been allocated to a lending specialist for review. | | |
 | Expiring | | Any Estimate or Application that will expire soon features an orange icon with an alert icon symbol, to help ensure these are not overlooked. | | |
Other statuses
The other statuses, such as funded, declined, withdrawn or expired, feature the same colour labels as before and will continue to be hidden by default. See for yourself
We’re confident the changes we’ve made won’t slow you down and should make using your dashboard just that little bit simpler and clearer. Login now and check out the updates for yourself: |
5th March 2024
Plenti- Things are About to be Trucking Awesome ?
Commercial truck loans are here - and they're bigger than ever (up to 12t) ? |
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Today, we're thrilled to announce that our commercial loan has expanded to now include trucks up to 12t. We’ve also made some changes to our policy to help you open up more opportunities and broaden your customer base with Plenti. This includes: |
- New comparable credit limits based off existing loan repayments
- Tier 1 - 150%
- Tier 2 - 120%
- Tier 3 - 110%
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- Faster approvals - an improved process which lets you receive conditional approvals within 5 minutes, subject to credit requirements.
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Our product expansion and new policy updates means faster and more efficient service, for both you and your clients.
Download our rate card from the broker portal or speak to your BDM to find out more. |
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| Want the chance to win $500? Every commercial truck loan application submitted between 4 - 31 March will go in the running to win a $500 e-Gift Card.*
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5th March 2024
Dynamoney - Same Day Settlements Are Back!
RETURN TO SAMEDAY SETTLEMENTS MARCH PRODUCT GUIDE & RATE UPDATE We are back to business as usual, with settlements submitted prior to 2:30pm (EST) processed the same business day. Important Product Updates Asset Finance - Rates from 8.65% on Tier 1 & 2 asset classes (down from 9.75%)
Overdraft - Increased commissions paid at settlement (increase from 1% to 2% of facility limit)
- Reduced Documentation fee on >$150k facilities now $495.00 (previously $795.00)
- Access to Mastercard benefits here
Term Loan - Simplified documentation fee structure
- Reduced Documentation fee on >$150k facilities now $495.00 (previously $795.00)
Corporate Loan - Now available up to $1mil from 7.50% + RBA Cash rate
We are also looking forward to sharing some exciting announcements regarding funding & process improvement very soon. |
28th February 2024
Angle Finance - Policy Update
- We now have an A+ client Rate: 8.40%
- PRIORITY ASSESSMENT
- ABN 4 years
- GST 2 years
- Credit score 550 + for Corporate and 600 for individual
- Company / Trust/Partnerships (sole traders not included)
- Property owner
- Primary Assets
- End of Term 10 years
- CHANGES TO POLICY :
- 8% brokerage : NO RATE LOADING
- Origination Fee: $1400
- Credit score 550 + for Corporate and 600 for individual to fit low doc.
- Low Doc :
- Primary and Secondary : $250K
- Motor Vehicles : $150K asset price
- Tertiary : $50K asset price
- Non GST: Capped at $100K
- Renter: Capped at $100K or bank statements required
- Over $100K : Confirmable credit required via 6 months mortgage statement or Asset finance reference.
- Over $100K : Must be Property backed: can be in spouse’s name.
- We do not rate load for Brokerage / Private sales : standard rates apply
- We accept Balloons refinances.
- There are no tonnage restrictions on our heavy haulage units ( NO PRIMEMOVERS ) only prime movers tipper bodies.
- Anything outside these values can be looked at under Full Doc: you can now provide Profit and Loss and Balance sheet / Accountant prepared Interims or Bank Statements -last 6 months
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28th February 2024
Metro - Cyber Incident Final Update
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Cyber Incident
Final Update |
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Dear Brokers, I’m writing to provide you with an update on our investigation into the Balmain IT incident that caused a direct disruption to our services.
As part of Balmain’s response, external experts were engaged to investigate the incident. This has now been completed.
This investigation has found that some information relating to some of our customers, was potentially impacted. We have now notified these customers to provide them with steps to mitigate any risk of data misuse and additional guidance.
If you have not received one of these notifications, we can report that none of our mutual customers with which you hold a relationship have been impacted. As such, they need to take no further action in relation to this incident.
Following an investigation and based on available evidence, Metro does not believe the information impacted in this incident is at an elevated risk of misuse. Metro is also of the understanding that their information is not in the possession of an unauthorised third party.
We have some updated FAQs that you can access from here, which are designed to assist you in addressing any additional questions from your customers. If you would like us to send you a version via attachment, please contact your BDM.
Due to cyber security considerations, we are not able to share information regarding further specifics of the incident, the forensic investigation, or details of any reporting materials.
We would like to apologise for the disruption and any inconvenience you or your customers have experienced. We appreciate your patience during this challenging time.
If you have any questions after reading this email, please do not hesitate to contact us on 02 8358 5514 or via privacy@metrofin.com.au. |
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28th February 2024
Macquarie - Weekly Update
28th February 2024
Metro - MyMetro Portal Update
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We are excited to share with you that Metro is now operational, secure, and ready to accept applications. Testing on the servicing platform is still underway, so expect delays on statements and payouts.
Since the incident, we have been diligently working to redeploy our systems in a new cloud-based environment.
This new environment, managed by Metro, has been in development since the second half of 2023. Originally, we planned to transition to this infrastructure while keeping MyMetro operational on the old environment. However, due to the incident, we were compelled to take MyMetro offline for brokers while we completed the transition to the new environment.
So how do you access MyMetro?
Your existing logins and passwords will be accepted, and you can access your existing applications by visiting https://broker.metrofin.com.au/.
Metro would like to express gratitude for your patience and understanding during this challenging time.
If you have any questions, please do not hesitate to contact your BDM.
Metro will provide an update on the IT incident in the upcoming days as we finalise our investigation. |
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27th February 2024
Latitude - Latitude's First Ever Broker Roadshow
The team from Latitude Broker, are very excited about our upcoming, first ever, Broker Roadshows. Brokers can expect to hear firsthand from our team of General Managers – Broker & Partnerships, Operations, Product & Credit Risk, on ways we can work together to achieve great outcomes. Plus hear from some of your peers on their successes with Latitude. 3.5 CPD points.
22nd February 2024
Now Finance - Register for our Consumer Auto Loan Webinar!
Due to the overwhelming success of our prior Consumer Auto Loan webinars, I’m excited to announce that I’ll be hosting additional sessions on the 27th and 28th of February 2024. I’m running a webinar for brokers who are under best interest duty (BID) and one for those who are not. Simply click on the version that best suits your BID and non-BID obligations to register. |
Date: 27 February 2024 Time: 12:30pm AEDT |
Date: 28 February 2024 Time: 12:30pm AEDT |
Date: 27 February 2024 Time: 2pm AEDT |
Date: 28 February 2024 Time: 2pm AEDT |
To see our current Consumer Auto Loan interest rates check the product guide that best suits your BID or non-BID obligations. |
Click the link below to visit our Broker Help Centre in case you have further questions about our Consumer Auto Loan product. |
20th February 2024
On Deck - Earn up to 6% Commission
Earn up to 6% commission on business loans funded until 31 March 2024. Access unsecured same-day funding from $10K - $250K.^
^For full T&C’s and more info, or for quick accreditation, visit www.ondeck.com.au/partner
20th February 2024
Affordable Car Loans - Temporary Disruption Services
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We wish to inform you of a temporary disruption to our services due to unexpected flooding that has impacted our office. This has resulted in limited remote work capabilities for the Affordable Car Loans team.
We understand this may cause delays in processing your requests. We sincerely apologise for any inconvenience this may cause and appreciate your patience.
Here's what you can expect: - Updated Information: We will provide updates regarding the situation and any changes to our service availability.
- Limited Staff Availability: We are currently operating with a reduced staff due to remote work limitations. This may affect response times for inquiries and loan processing.
- Settlement Priority: We are prioritising applications at the settlement stage to ensure minimal disruption for those nearing completion.
We are actively working to resume full operations as soon as possible.
Thank you for your understanding and continued support.
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20th February 2024
FinanceOne - SA Business Development Manager Update
SA Business Development Manager Update | |
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Allow us to re-introduce Jamie Miller, if you have any 'outside the box' scenarios you would like to workshop with Jamie, please don't hesitate to reach out. |
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Offering more unique solutions for your unique clients in 2024 |
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20th February 2024
Metro Commercial - MyMetro Portal Update
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Metro continues to make good progress in restoring access to our MyMetro Portal. As part of this activity, we are once again able to generate documents for the following:
Approved applications:
We are now in a position to generate documents for any applications at the status of approved.
To make use of this facility, please send all requests to applications@metrofin.com.au with the following information: - Tax Invoice/Supplier Invoice
- Approval advice (if there are any amendments to the approval advice, please advise – re: structure, brokerage, term etc)
- Copy in your BDM
Once your application reaches settlement stage, please send through all supporting settlement conditions and documents to commercial.settlements@metrofin.com.au
Please note: only wet signature is available at this stage.
As Metro continues to improve our access to the MyMetro Portal, we shall continue to communicate process enhancements. |
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13th February 2024
Metro Commercial - MyMetro Portal Update
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As part of our commitment to keeping you informed, we wanted to share an update in relation to our response to the disruption to our services.
As soon as the incident was detected, Metro began working to restore its systems. External advisors were engaged to help us understand the extent of the incident via forensics analysis, this piece of work is extensive and ongoing. We will update all our various stakeholders as we come to understand more.
We have also been working to finalise our new cloud environment in order to redeploy MyMetro and other affected systems. This new cloud environment will be managed by Metro and provide greater reliability and security to you and your customers.
This process will be delivered in a phased approach as we ensure that all our systems are reliable and secure.
Currently the Metro IT team are bringing the systems back up to full capacity in which we are expecting all operational staff to have access by early next week. This will allow currently approved commercial loans to be documented and settled, we will share more clarity on this early next week.
Following this phase being delivered we will then look to open the MyMetro portal to all our introducers, but only when we are completely satisfied that the infrastructure and systems are ready for your use.
We appreciate the last two weeks have been incredibly frustrating for you and your customers. We thank you all for your patience and we look forward to getting back to business as usual for us all, as soon as possible. |
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13th February 2024
WISR - February Newsletter
 | NEWSLETTER | A BUMPER
YEAR AHEAD |
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| February is already here and we couldn't be more excited! Wisr is ready for what is shaping up to be a great year for our brokers. | THE HIGHLIGHTS Expecting a bumper year for brokers, backed by stable rates and pro-growth policies Wisr just won the WeMoney Award for Best Mobile Experience. Download the award-winning Wisr App today. Perfect for easy loan management and designed for all Wisr clients Here's a reminder that Wisr’s rates for Unsecured Car Loans and Debt Consolidation start from 9.04% p.a. Greeting Dominic Leah, the new BDM for WA & SA! He's an experienced broker ready to support you and your needs. Check out Dominic's profile below for more info.
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Scroll down for more info or login to your Broker Portal.
Not accredited or need access? Please send a request to contact@wisr.com.au.
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POSITIVE PROJECTIONS
| As we forge into 2024 all signs point to a bumper year for brokers and consumer finance given the outlook for stable interest rates, and our government’s accommodative fiscal stance and commitment to full employment.
Recent ABS data highlight a 7.7% YOY increase in fixed term personal loan activity, and we expect this growth to continue through 2024. |
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We're excited to announce that Wisr has won the WeMoney Award for Best Mobile Experience!
This award is a reflection of our unwavering commitment to provide an exceptional lending experience that doesn't just meet, but exceeds the expectations of our valued users. |
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PERSONAL LOANS FOR ‘ANY WORTHWHILE PURPOSE’
| Wisr specialises in personal loans for 'any worthwhile purpose', with Unsecured Car loans and Debt Consolidation loans being particularly popular.
Our rates start at 9.04% p.a. for creditworthy property owners. Check the Broker Portal for your client's personalised Rate Estimate. |
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To learn more about Wisr and the latest news regarding our products and services, please log into the Broker Portal or contact your BDM from the list below: |
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6th February 2024
Macquarie - Updates to our car loans credit policy
6th February 2024
Flexi Commercial - $40K holiday give-away is back!
Every $100K (incl. GST) worth of total business submitted from 1 February to
30 April 2024 earns you another entry to win. Let's go again everyone! |
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Flexicommerial is back this year with another $40,000 dream holiday up for grabs.
Do you want to take the Midnight Train to Georgia, is Montego Bay or London Calling – or do you simply want the Adventure of a Lifetime? Whatever it is, get your deals in and dare to dream where your 2024 sales could take you! |
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Every $100K of settlements earns you a ticket in the draw. |
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For example: Total settlements of $101K = one entry. $899K = eight entries. |
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Minimum qualifying aggregate settlement amount is $100K (including GST).
Every settlement completed by 12 May counts – so let's get going!
Any questions, please contact your flexicommercial BDM or Account Manager. We look forward to working with you throughout 2024.
Good luck!
The flexicommercial AU team |
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PS To assist you in getting your entries off to a flying start – we have extended our Special Rates for your premium customers. Please use the link below to download the latest flyer: |
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*Conditions apply. Entry is only open to NSW, VIC, QLD, SA, WA, NT and TAS residents 18 years or over who are licensed commercial finance brokers that are accredited to sell the Promoter’s financial products (“Eligible Broker”). Residents of the ACT are excluded from this promotion. Starts: 01/02/2024. Ends: 5pm AEST 30/04/2024. Finance applications must be submitted no later than 5:00pm AEST on 30/04/2024 and then settled no later than 12:00pm (noon) AEST on 12/05/2024 to be deemed a valid entry. Draw: Anisimoff Legal, G13, 3 Amy Close, Wyong NSW 2259 at 11:30am AEST on 27/05/2024 in the presence of an independent scrutineer. Prize: Total prize pool value is up to $40,000.00. The winning Eligible Broker will be notified in writing within two (2) business days of the draw and their name will be published on https://www.flexicommercial.com/au/ on 30/05/2024.Promoter: The Promoter is Flexicommercial Pty Ltd (ABN 17 644 644 860) of Level 1, 121 Harrington Street, The Rocks NSW 2000, telephone 02 8905 2000. NSW Authority No. TP/01524. SA Permit No. T23/1099 For the full Terms & Conditions, please see attached PDF. |
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6th February 2024
ScotPac Business Finance - Updated Asset Finance Ready Reckoner
Please find attached an updated Ready Reckoner for Fast Doc only. |
6th February 2024
Westpac Equipment Finance - New BDM for SA/NT
I am very pleased to announce the recent appointment of Mr Caleb Grigg to the role of Business Development Manager Westpac Equipment Finance & Capital Finance 3rd Party Broker SA/NT Many of you may already know Caleb – he has had a longstanding successful career history including previous BDM roles within the Westpac Group and also as a Broker. Caleb brings a sound understanding & great passion for the broker market and is looking forward to meeting you all in the near future. Caleb will be operational in role from this Monday 5/2/2024 and able to assist you. Caleb can be contacted at caleb.grigg@westpac.com.au |
6th February 2024
Azora - Exciting News - Major Update in Our Latest Product guide!
6th February 2024 - Metro, Portal Temporarily Unavailable
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MyMetro Portal
Temporarily
Unavailable |
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We are writing to provide you with a further update in relation to the IT incident which is preventing access to the MyMetro portal. As soon as we became aware of the issue, we began working to restore our systems. We are proceeding tirelessly to rectify these issues as quickly as possible and appropriate action is being taken. At this stage, we anticipate that disruptions will continue throughout today and possibly for the rest of the week. We will provide further updates when we have additional information. We sincerely apologise that this incident occurred and for any concern or inconvenience it may cause you. |
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Updates on Operational Processes: We have been working to determine workarounds that will allow you to best continue your work amid the disruption. Servicing Processes: - Phone lines: Our phone lines are now back up and running. Initially we will be taking down information and arranging call backs, and slowly over the course of the next few days we will rollout processes for important enquiries such as payouts, direct debits and payment arrangements.
Settlement Processes: - Submission with Physical Documents: If you have physical documents for applications that are in ‘Approved’ or ‘Awaiting Settlements’, you will be able to submit them to the relevant settlement email. Please note that online and e-signature submissions are not available at this time. However, if you have a hard copy e-signature document, we will accept it.
- Providing Information: When sending these applications to the settlements team, we kindly request that you provide as much information as possible. Even if you have already provided certain details earlier, including them again will support our team in processing your application efficiently.
- Increased Resources: In order to address the volume of enquiries, we have expanded the size of our settlement’s team. Nevertheless, it's important to note that these deals will be processed manually. We appreciate your understanding and patience as we diligently work through this.
We understand that you may face enquiries from customers impacted by this disruption. Also attached is a Q&A document designed to allow you to respond to questions directly if asked. This is not intended to be sent out externally and is rather to inform your response. We will keep you updated as we continue to work on restoring the MyMetro portal. Please do not hesitate to contact BDM if you have any questions. |
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30th January 2024 - Latitude, Fixed and Variable Motor Loan Rate Changes, Fee Changes + Introduction of Redraw Feature for Variable Rate Personal Loans
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Fixed and Variable Motor Loan Rate Changes, Fee Changes + Introduction of Redraw Feature for Variable Rate Personal Loans |
Fixed and Variable Motor Loan Rate Changes for new customers Effective Tuesday 30th January 2024 we are making some changes to our pricing options for your customers. Our updated pricing bands can be found in the table below and attached. Rates applicable for new to Latitude Motor Loan customers (Effective 30th January 2024) Rates eligible up to $200,000* | Mortgage Brokers | Finance Brokers | Pricing Tier | Fixed^ | Variable^ | Pricing Tier | Fixed Baseline Rate^ (at full 4.5% comm) | Variable Baseline Rate^ (at full 4.5% comm) | 1-5 | 8.24%-11.24% | 7.24%-11.24% | 1-5 | 9.24%-12.24% | 8.24%-12.24% | 6-10 | 11.74%-13.74% | 11.74%-13.74% | 6-10 | 12.74%-14.74% | 12.74%-14.74% | 11-15 | 14.24%-16.24% | 14.24%-16.24% | 11-15 | 15.24%-17.24% | 15.24%-17.24% | 16-20 | 16.74%-21.99% | 16.74%-21.99% | 16-20 | 17.74%-22.99% | 17.74%-22.99% | 21-23 | 25.49%-26.99% | 25.49%-26.99% | 21-23 | 26.49%-27.99% | 26.49%-27.99% | Commission payable is fixed at 2.5% of NAF + GST | For all Risk Grades, Flex Commissions are as follows: Baseline Rate = 4.50% Baseline Rate less 50bps = 3.50% Baseline Rate less 100bps = 2.50% Baseline Rate less 150bps= 1.50% Baseline Rate less 200bps = 0.50% |
Inflight applications – Quotes submitted prior to Tuesday 30th January 2024, with application submitted on or after this date, new pricing will be applied. Applications submitted prior to this date, original pricing will be applied. Motor Loan Variable Rate Changes for existing customers Effective Monday 1st April 2024, interest rates for Variable Rate Motor Loans will increase by 1.00% p.a. This will be communicated to impacted customers on Wednesday 28th February 2024. Late Payment Fee increase Effective Tuesday 5th March 2024, the Late Payment Fee for Personal Loans and Motor Loans will increase from $40 to $45, for both new and existing customers. This will be communicated to existing customers on Monday 29th January 2024. BPAY Payment Handling Fee increase Effective Tuesday 5th March 2024, the BPAY Payment Handling Fee for Personal Loans and Motor Loans will increase from $1.50 to $1.95, for both new and existing customers. This will be communicated to existing customers on Monday 29th January 2024. Introduction of Redraw Feature for Variable Rate Personal Loans Good news for your customers. In early April, we will be introducing a ‘Redraw Feature’ to our Variable Rate Personal Loans, for new and existing customers. This will be communicated to existing customers on Monday 29th January 2024. |
30th January 2024 - Macquarie, Simplifying our car loans rate structure, reducing our rates and updates to our fees
30th January 2024 - Plenti, Don’t miss your chance at a $300 Prezzee e-gift card
Your chance to win a Prezzee $300 e-gift card* is just a few clicks away. |
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To enter, just get a quote through our Broker Portal by 9 February 2024. For each rate quote you get, you’ll earn one entry in the draw. |
Get a quote with 3 simple steps |
- Step 1: Log in to the broker portal and select ‘New Application
- Step 2: Select the loan type from the dropdown menu
- Step 3: Choose 'Apply on behalf of your client' option and follow the prompts
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And as always – a rate quote from Plenti is a soft check, so there is no impact to your client’s credit file. Ready to get started? |
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23rd January 2024
Commercial Rate Bulletin: Update as of 22 January 2024
Hi LMG,
Effective from 22nd January 2024 we have increased our establishment fees to $495 on all products and $745 for private sales. The new amount will apply to all new applications, existing approvals will proceed with the fee that applied at approval.
A revised Rate Bulletin is attached.
As always, reach out to your BDMs if you have any queries. Please use the link below to download the latest Rate Bulletin: |
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23rd January 2024
Effective immediately, Finance One Commercial have updated the lending limits & loan terms under our Rideshare and Taxi Policy.
These updates are to better support our broker network and their clients.
Extended Loan LimitFinance One Commercial has increased the maximum lending amount to $55,000 + fees* Loan Term UpdateWe've updated our Commercial loan terms to 60 months for new vehicle's up to 2 years, or 48 months otherwise. |
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The Rideshare + Taxi Policy Eligibility |
- ABN | 6 months trading & GST registered
- Deposit | minimum 10%
- Max lend | $55,000* + fees
- Term | 48 months or 60 months for new to 2 years
All other Commercial credit criteria applies. |
16th January 2024
As a distributor of Plenti’s products, we wanted to make you aware of some recent updates to our Target Market Determinations (TMD) as they are relevant to your distribution of our products. We have updated the following TMDs and request that you review any that are relevant to the products you distribute. Our updated TMDs can be found here. If you have any questions or would like a copy of a prior TMD, please contact compliance@plenti.com.au. |
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16th January 2024
| Visa Entitlement Verification Online |
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We are updating our VEVO (Visa Entitlement Verification Online) process and can no longer accept the Borrower obtaining their own VEVO report and submitting it to us.
Moving forward Firstmac will either:
1. Complete VEVO for the Borrower, with the Borrower's consent in writing via email.
OR
2. The Borrower can login to VEVO themselves to complete the 'VEVO check' but must use the option to email Firstmac direct.
Simple details of how to email Firstmac directly from VEVO are as follows:
Step 1. Access your details
Step 2. Select 'Send Email'
Select 'Send Email'. This will open a 'Create email' screen |
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Step 3. Prepare and send email1. Enter salessupport@firstmac.com.au in the 'Recipient email address' field.2. Enter your email address in the 'Your email address' field.3. Once your information is correct, click 'Send Email'.A new message will appear on the 'visa details' screen to show that your email has been sent. |
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To download these instructions for your clients please click below.
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16th January 2024
We are delighted to announce that our BDM team is growing to assist our broker network!
Allow us to introduce Matthew Stitt, our new National Commercial BDM. If you have any 'outside the box' scenarios you would like to workshop with Matthew, please don't hesitate to reach out.
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16th January 2024
 Financial Statement requirements from 1 January 2024 |
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Please be aware for all credit applications submitted from 1 January 2024, financial statements and tax returns must cover the latest full financial year up to 30 June 2023.
If for any reason applicants have not yet finalised and signed off June 2023 statements/tax returns, Capital Finance may accept as a minimum, management account statements to clearly indicate the financial performance of the applicants for that year.
When only management accounts are provided, it is extremely helpful if brokers also provide BAS statements for the corresponding reporting period, to assist with a prompt assessment.
The acceptance of management accounts will be at the discretion of the assessing Credit Manager, depending on the circumstances of each application.
Please ensure from 1 January 2024 you are consistently submitting finalised financial statements and tax returns for the year ended June 2023, as part of the Checklist - Minimum Documentation Requirements.
For any further details please talk to your local Capital Finance Business Development Manager or Relationship Executive. |
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