LIBERTY - 24th April
Hi, Liberty is updating rates across the motor consumer and commercial product suites, effective Monday 28 April 2025.
All current approved applications will be honoured, provided settlement takes place by Wednesday 30 April 2025.
We are also updating fees on our consumer motor product including reductions in certain equalisation fees and changes to application fees.
For more information on these changes, download our latest Introducer Guide.
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PROSPA - 23rd April
 EOFY Bonus |
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We're boosting
your commission
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Earn an additional 1% bonus commission on all new customer loans and lines settled by 30 Jun 2025. |
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Small business loans on standard pricing = 5% commission. Small business loans on premium pricing (<23.95% APR*) = 4% commission. Business Line of Credit = 4% commission. |
*Annual Percentage Rate (APR). Offer ends 30 June 2025. T&Cs apply |
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Our simple 5-Step EOFY checklist to maximise your revenue potential. |
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Get ready for EOFY’s biggest business moments, smart tips, and how to maximise your revenue potential – all in one quick weekly read, delivered straight to your inbox starting this May. |
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PLENTI - April 17th
Plenti have updated their rates across for their consumer products.
You can access the new rate cards in either the Plenti portal, or in the Lender Resources folder.
PEPPER - April 17th
Pepper have updated their rates across both their consumer and commercial products.
You can access the new rate cards in either Solana, or in the Lender Resources folder.
FINANCE ONE - April 14th
MONEYME and SOCIETY ONE - April 14th
| | Hi Liam We’re excited to announce reduced rates of up to 2% in both MONEYME and SocietyOne Personal Loans.
These changes will take effect for all new applications from Tuesday, 15 April 2025. Download the latest pricing guides below: |
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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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| | Best regards,
The Broker Support Team
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SELFCO - April 11th
We're excited to introduce a brand-new offering now available through Selfco – CapRaise.
CapRaise allows your clients to raise capital quickly using their existing owned Primary Assets – whether Unencumbered or Encumbered with refinance and equity cash out potential.
With a base rate of 12.50%, fast documentation and Docusign-supported processing, CapRaise offers rapid access to equity – often within just a few days.
Key Product Details:
Assessment: Existing Fast Doc (Lo Doc)
Eligibility: Property and Non-Property Owners
Loan Amounts: $25,000 – $100,000*
Terms: Up to 60 months
Minimum Credit Score: 500
Bank Statements: 3 months required for all applicants
Fees:
Brokerage:
Min ABN & GST Length | Property Owner | Non-Property Owner* |
24 months | $100,000 | $75,000 |
Applicable Commercial Loadings:
Scenario | Loading |
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Non-Property Owner | 1.25% |
Prime Mover | 1.00% |
Asset Age >10 Years (EOT) | 1.00% |
CapRaise process:
- Application & Assessment – Submit a request outlining your business need and available assets incl Minimum Document Checklist.
- Loan Approval – Our credit team assesses the use of funds and finalises documentation.
- Asset Valuation – A formal valuation is completed to determine the Forced Liquidation Value (FLV).
- Loan Documented via DocuSign – Secure and convenient digital loan documentation.
Funds Released – Once approved, funds are disbursed directly to the customers trading account.
RESIMAC - April 11th
| | Streamlined settlement process and new policy document. |
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We would like to inform you about the implementation of a new process designed to streamline settlements, making your experience smoother and more efficient. This enhancement is part of our ongoing commitment to provide you with the best possible service. What's new?To support this new process, we have also updated our Settlement Policy Document. This document outlines all the necessary details and guidelines to help you navigate what is required with ease. Next steps:- Review the updated Settlement Policy Documents:
- Contact us: If you have any questions or need further assistance, please do not hesitate to reach out to our Broker Support Team at raf.brokersupport@resimac.com.au or 1300 729 955 (option 2).
We believe these changes will significantly enhance your experience and look forward to your feedback. |
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NOW FINANCE - April 11th
Interest rate cuts on our no fee Personal Loans effective now |
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We're pleased to share that we have reduced the interest rates on our no fee Personal Loans, effective immediately. Interest rates now start from 6.45%, and we’ve also lowered rates by up to 1.80% across several customer profiles.
Refer to the product guides below for the latest pricing. |
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Personal Loan product guide |
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AZORA - April 10th
Azora have a new SA/WA State Manager:
FIRSTMAC - April 9th
Please be advised we will be making the following changes to our Car Loan products, effective Wednesday, 9th April 2025:
You can find updated rate cards in the Lender Hub.
MONEYME AUTOPAY - April 8th
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We’re excited to share that MONEYME Autopay has updated its pricing — with rate reductions up to 0.75% p.a.. These changes will take effect for all new applications from Wednesday, 9 April 2025. Plus, we’ve increased our property owner discount to 1.5% p.a.. Download the latest pricing guides below: |
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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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Best regards,
The Broker Support Team
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CAPITAL - April 7th
Interest rates have dropped by up to 0.4%.
Find updated rate cards in the Lender Hub.
WESTPAC - April 7th
Interest rates have dropped by 0.2% across the board.
Find updated rate cards for both lenders in the Lender Hub.
MONEYPLACE - April 7th
The good news just keeps on coming. We are dropping rates... again!
We know that sharp, competitive rates make all the difference to clients – and we’re bringing you some of our best yet.
Here’s a quick look at our new headline rates
Unsecured loans from 6.55% p.a. (6.55% p.a. comparison rate*)
Secured loans from 5.90% p.a. (6.33% p.a. comparison rate^)
- New or ex-demo vehicles from 5.90% (6.33% p.a. comparison rate^)
- 0–4 years old from 6.03% (6.46% p.a. comparison rate^)
- 5–9 years old from 6.16% (6.59% p.a. comparison rate^)
- 10+ years old from 6.29% (6.72% p.a. comparison rate^)
This positions us among the most competitive lenders in the market, which means better deals, bigger savings, and more opportunities for clients.
Want to know more?
Our updated broker guide has all the latest details—download it now from your Broker Portal.
PLENTI - April 3rd
NEW BROKER PORTAL UPDATES |
See exactly where every deal stands whenever you need to |
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We’re excited to share that we’ve listened to your feedback and updated the Broker Portal with a fresh new dashboard. Now, you can see all your deals, their current status, and what’s needed to move them forward, all in one clear view. |
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| Clear deal statuses, so you always know exactly where your application stands. |
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| More transparency on outstanding actions will help you keep deals progressing smoothly. |
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| A refreshed, intuitive layout for a better, more seamless experience. |
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These improvements are designed to save you time, reduce back-and-forth, and give you confidence that everything is on track. Download the guide to learn more about deal statuses and what they mean, or log in now to explore the updates. |
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Have questions? We're here to help! |
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WESTPAC - April 2nd
| We’ve made enhancements to our DriveXpress Policy | We are pleased to share with you an exciting enhancement to our DriveXpress Policy.
To support our new and existing customers, two new assets will now be eligible:- Rollers (as part of “All other qualifying Assets”)
- All-Terrain Vehicles (as part of “Agricultural Equipment”)
All existing policy eligibility criteria applies.
Our Westpac Equipment Finance Key Policies contains all relevant information about our new and enhanced credit policy. Please download a copy and delete any old versions you may have saved. These policy changes have been updated and reflected in DriveOnline. |
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DYNAMONEY - April 2nd
A key feature of the Dynamoney business overdraft is the inclusion of a credit card, offering easy access to funds. Dynamoney clients can use this card to make purchases, which are then applied against their overall business overdraft limit. Many of our business clients use their card to make international purchases. Typically, these foreign transactions comewith an international transaction fee, and these fees can add up quickly. But here’s the game-changer: Starting 1 April, Dynamoney is waving goodbye to international transaction fees on our credit card. And that’s not all. The Dynamoney credit card comes packed with amazing benefits* including: - Mobile phone protection: Pay your monthly mobile phone bill with your card and receive coverage of up to $1,400 per annum covering theft or accidental damage
- E-commerce protection: Protects against non-delivery or malfunctions due to physical damage of delivered goods
- Extended warranty: Covers repair or replacement after the original warranty expires
- Travel inconvenience: Reimburses you for cancellations, delays, or missed connections
- Access to Priceless specials: A range of exclusive offers tailored for Dynamoney business cardholders.
So, if your clients are making international purchases and looking to better manage their cash flow with a business overdraft, be sure to let them know that a Dynamoney credit card could help them unlock significant savings. If you have any further questions, please feel free to contact us. Backing your business. The Dynamoney Team |
PLENTI - April 2nd
We’re dropping our personal loan rates by up to 1% |
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From big white weddings and new kitchens to holidays, medical costs or a fresh set of wheels, your clients can now access sharper rates and faster finance with our new, lower rates across the board. Starting today, April 2, our new lower rates starting from 7.49% p.a. make it even easier to help your clients say yes to what matters.
And with Plenti, rates are just the beginning. You’ll also benefit from: |
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| We’re saying yes faster with 17%^ of deals approved automatically in March |
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| Just 68 minutes to approval?* That’s how we keep the credit queue moving |
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| Fast, consistent service from a dedicated team that’s got your back every step of the way |
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Got a deal in mind? We’re ready when you are. Sharper rates and faster turnarounds mean more reasons to submit, and more chances to grow your pipeline. |
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Need a hand? We're here to help! |
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METRO COMMERCIAL - April 2nd
RESIMAC - April 1st
? DOWNLOAD OUR UPDATED PRODUCT GUIDE ❯
PEPPER - April 1st
You asked - we delivered.
5-0h has been extended! |
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Due to popular demand and overwhelmingly positive feedback, our reduced rates on Consumer Tiers A & B New, Demo and Used 0-5 Motor Vehicles have been extended.
Get in quick with rates starting from as low as 8.79% p.a.! |
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Effective from 3 February 2025.* |
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What you need to know:Pepper Five-Oh has been extended! Don't forget to check Solana under the Pricing plan section to view all relevant Campaign and Rate Cards with full interest rates and fees. |
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AZORA - March 28th
METRO FINANCE - March 28th
MONEYME AUTOPAY - March 27th
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Starting today, 27 March 2025 we are updating our credit policy. The key changes are: - Customers aged ≤25 with 3 open credit accounts on their credit file are not accepted. This includes:
- Car Loans
- Personal Loans
- Credit Cards
- Mortgages
Customers with no credit accounts listed on credit file with>3 enquiries in the last month are not accepted Customers with no credit accounts on their credit file require bank statements and are capped at max loan amount of $50,000
Please download the updated broker guides 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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Best regards,
The Broker Support Team
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ALEX BANK - March 27th
Offer Extended: Alex.Bank Broker Rate Special |
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Alex.Bank’s March Broker Rate Special, is extending to 30 April 2025!
Whether your clients are looking for a new car, home upgrades, or a greener future, we’ve got market-leading rates on offer.
Our loan rates: - Unsecured Personal Loans – from 8.49% p.a. Fixed & Comparison*
- Green Loans – from 7.49% p.a. Fixed & Comparison*
- Car Loans – from 7.49% p.a. | Comparison rate 7.90% p.a.*
- Electric Vehicle Loans – from 6.49% p.a. | Comparison rate 6.90% p.a.*
Need support? Our Broker Support team and Business Development Managers are ready to help. Email brokersupport@alex.bank or contact your BDM using the details below. |
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FIRSTMAC - March 27th
FLEXICOMMERCIAL - March 26th
We'd like to let you know about our rate reductions across both our Standard and flexipremium customer rates – an updated Rate Card is attached for you. |
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RATES REDUCED AS OF NOW:
STANDARD RATES AND FLEXIPREMIUM |
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Please find attached our updated Rate Card. |
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LATITUDE - March 25th
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System Enhancements & Updates |
During March 2025, the following changes & system enhancements have been, or are being implemented: - Personal Loans – Medical & Dental
- Quick Quotes – Mobile number data improvement
- Motor Loans – ‘Application Confirm’ page – ability to flex fix
- Customer payout letter automation
- Application Scripting change
- Accountant Letter Guide update
- Bank Statement Requirement update
Refer below for full details. Personal Loan - Medical & Dental purpose Effective immediately, the overseas restriction has been removed for medical & dental, offering more options for your customers.
Quick Quotes Effective Thursday 20th March To improve the data transfer experience, the ‘04’ that appears in the Mobile number field will be removed.
This will ensure the applicants full mobile number is correctly captured when pasted from a CRM. 
Additionally, the hyperlink How to find the Driver Licence Card Number has been fixed. 
Motor Loans Effective Wednesday 26th March For Finance Brokers, when you navigate to the ‘Application Confirm’ page and click ‘Edit’ 1) The ‘dial down’ will reset when the product is changed (variable to fixed etc). 2) The drop-down arrow next to the interest rate will now appear next to the field, rather than above it. As part of an update in December 2024, this drop-down arrow inadvertently moved, meaning you were unable to flex the interest rate. Thanks to your feedback, this issue has been fixed. 
Customer Payout Letters Effective Wednesday 26th March To improve the customer experience, payout Letters have been automated and will be available to download from the Customer’s Portal upon request. To request a Pay Out Letter, Customers call 13 10 24. A Latitude Customer Service representative can then generate a payout letter that will be available instantly from their Customer Portal. Application Scripting Effective Wednesday 26th March The Credit Enquiry scripting has been updated to:
“I authorise Latitude Financial Services to undertake a credit check with Equifax contactable on 1300 762 207 and Illion on 13 23 33 and acknowledge I have read the Statement of Notifiable Matters.” Accountant Letter Guide The Accountant Letter Guide has been updated to reflect Latitude’s appetite regarding the minimum income period stated. A minimum 60 days YTD is required; end date must be within 60 days of the letter date. Bank Statement Requirements The bank statement requirement guide has been updated to reflect Latitude’s appetite regarding ATM transactions at gaming venues. |
METRO CONSUMER - March 25th
Metro Finance is decreasing rates by 25 basis points, effective for all new applications from Tuesday, 25th March 2025. |
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Latest Rate SheetPlease see our new and improved Rate Sheet attached. |
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METRO COMMERCIAL - March 25th
Metro Finance is decreasing commercial rates by 25 basis points, effective for all new applications from Tuesday, 25th March 2025. |
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| Download our rate sheet and get started today |
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ANGLE - March 24th
LATITUDE - March 21st
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Personal Loan & Motor Loan Interest Rate Changes |
Effective Friday, 21st March 2025 we are making some changes to our pricing options for Fixed and Variable Rate, Personal Loans and Motor Loans, for new applicants. Our updated pricing bands can be found in the tables below and attached. Personal Loans 
Motor Loans 
Inflight applications – Quotes submitted prior to Friday, 21st March 2025, with application submitted on or after this date, new pricing will be applied. Applications submitted prior to this date; original pricing will be applied. |
PLENTI - March 21st
We wanted to let you know that we’re making some changes to our broker sales teams to help better support you, our brokers and your customers. From Tuesday 1 April 2025, our existing Personal Lending and Automotive Finance teams will be replaced by two new dedicated teams: |
- The new Consumer Finance Team, led by Nicki Olds, will bring together personal lending and consumer automotive under one team. This means you’ll have just one BDM and RM to support you across these products. Nicki has been with Plenti for over 8 years and has led the Personal Lending team since 2020. She has worked closely with brokers to deliver fast, flexible lending solutions and is passionate about creating a seamless and consistent experience across consumer lending.
- The Commercial Finance Team, led by Louis Edwards, will focus on commercial finance, ensuring we provide dedicated support for brokers in this space. Louis has been with Plenti since 2017 where he has managed our renewable lending business. He has deep experience in structured finance and strategic partnerships. His leadership will strengthen our commercial finance offering and create new opportunities for brokers.
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As part of these changes, Joel Pothin, our current Head of Automotive Finance, has decided to move on from Plenti. Since 2019, Joel has played a key role in reshaping our automotive finance products, introducing commercial finance and strengthening partnerships with brokers, aggregators, and brands like Tesla, Cadillac, and Harley Davidson. We appreciate his contributions and wish him all the best in his next endeavours. By streamlining our approach, we’re making broker engagement simpler and more direct, with one BDM and one RM now supporting both personal and consumer automotive lending to provide more consistent communication and support. These changes will also enhance efficiency, reduce administrative burden, and allow our teams to focus on building stronger broker relationships and proactively exploring more cross-product growth opportunities with you. Importantly, While we transition to this new structure, there will be no disruption to your company’s deals. Applications will continue to be assessed and processed as usual, and your current BDM and RM remain available to assist with any support your team may need. We’re finalising the team structure, and on Tuesday 1 April 2025, you’ll receive an email confirming your assigned BDM and RM. If you have any questions in the meantime, please reach out to your BDM or RM. The Plenti Team |
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AZORA - March 20th
PLENTI - March 18th
AUTOMOTIVE POLICY UPDATES |
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Important update:
Changes to plug-in hybrid discounts from 1 April, 2025 |
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Hey , As part of our collaboration with the Clean Energy Finance Corporation (CEFC), from April 1, 2025, the 50bps rate discount will apply only to battery EVs, meaning plug-in hybrid vehicles will no longer be eligible. To secure the 50bps discount on plug-in hybrids, deals must be settled by March 31 (inclusive). |
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NOW FINANCE - March 18th
Interest rate decreases on our Auto loans are effective now |
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I’m pleased to share that we have reduced the interest rates on our Auto Loan product, effective immediately. NOW Finance understand the importance of providing competitive rates and exceptional service so you can help your clients secure the vehicle they are after. To view our lower interest rates, view our latest product guide. |
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Auto Loan product guide for Asset Brokers |
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Auto Loan product guide for Mortgage Brokers |
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With interest rates starting from 9.79% p.a. and reductions across all pricing tiers, securing a fantastic deal for your clients couldn’t be easier. |
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Here are the key benefits of a NOW Finance Auto loan: |
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- New low interest rates
- No monthly fee
- No early termination fee
- Once off establishment fee of up to $495
- No rate loadings
- Quick turnaround times
- Minimal approval conditions
- Only one payslip required on Premium Tier, Tier 1, and Tier 2
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As always, if you have any questions about our Auto Loan product or any other aspect of our products or services, visit our Help Centre. |
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METRO COMMERCIAL - March 18th
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As we move further into 2025, Metro is keeping the momentum strong. Credit turnaround times and settlements remain smooth, and we continue to focus on delivering value to you and your clients. Here’s to another great month ahead! |
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Important Notice: Vehicle Build Dates & Classification We've noticed some vehicles coming through as new but with a 2023 build date, which isn't working in the system. If you're encountering this, please process them as Demo instead. ✅ Settlements are accepting these as Demo. For any questions, reach out to your BDM. |
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We’ve made a change to our process: the solar supplier accreditation form is no longer required. Instead, please submit the Solar Proposal/Quote upon submission. Important Requirements: |
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MORRIS - March 17th
FIRSTMAC - March 13th
Private Sale Invoice Process Change |
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We are pleased to advise that we have changed our process around Private sale invoice, effective immediately.
To align ourselves with the broader market, Firstmac will now accept broker generated Private sale invoices and will no longer be issuing this with the document pack.
Simply upload your signed and completed Private sale invoice into Broker Tools for documents to be created.
If you do not use your own Private sale invoice, an editable PDF version of the Firstmac private sale invoice is available in Broker Tools. Brokers can complete this form and have it digitally signed by both the customer and vendor. Once completed, please upload the private sale invoice along with the certificate page for document creation. Additionally, we will accept an introducer's private sale invoice if: |
- It is signed by both parties
- It has been approved by Firstmac
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If you intend to use your own private sale invoice, please reach out to your BDM to confirm its acceptance. We hope this change improves your experience and speeds up settlements for Firstmac private sales. If you have any questions, please don't hesitate to contact your Firstmac BDM.
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WESTPAC - March 13th
| Our eSign offerings have expanded | We are excited to announce that we have extended our eSign offerings.
Summary of the changes
As part of our ongoing commitment to promote simplicity for customers and achieve alignment across our products, the insurance premium funding (IPF) product and corporate guarantor applicant roles are now eligible for eSign.
Effective 10 March, Brokers can now obtain electronic signatures for IPF products using eSign, which will contribute to a seamless customer experience and promote operational efficiency.
Additionally, corporate guarantors can now eSign an Equipment Finance document. The corporate guarantor will receive both an SMS and email prompting a signature once contact details have been entered into DriveOnline.
Why is this happening?
To enhance the customer experience and achieve alignment in offerings.
More information and contacts
For any clarification required, please contact your Business Development Manager (BDM). |
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| We're here to help. | | Deal BuildDocumentation TeamSettlement workflowBroker Customer Service - post settlement; provide account conduct, payout letters, amortisation schedules, direct debit changes, registration number changes and address changesDriveOnline |
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WISR - March 11th
| Win with Wisr this March | New offers, reduced loading and a chance to win. What’s not to love? | | Open Partner Portal |  |
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It’s all happening at Wisr this month! We’ve got new offers, reduced asset finance loading and a chance for our accredited brokers to win a $1,000 holiday voucher. Check out the highlights and find all the details below.
THE HIGHLIGHTS You could win a $1,000 holiday voucher¹ with Wisr this month! (T&Cs apply) ✈️ Reduced rates on all caravan asset finance until the end of March 2025! ? Wisr has reduced loading across all asset finance loans ? We’ve switched to a cash surplus calculation for servicing ?
Run rate estimates, track your loan applications and stay updated on all things Wisr in our Partner Portal.
Not accredited with us? Just fill out the form on our broker page to start writing Wisr loans (it only takes 1 minute!).
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| | | Win with Wisr this March! | Love a good holiday? Well, this month you could win one on Wisr! Just settle an asset finance loan before 31 March, and if you’re eligible¹, you’ll enter into our prize draw to win a $1,000 holiday voucher (T&Cs apply). Check out all the finer details on the Partner Portal, or get in touch with your BDM to learn more.
Have a client looking for a great asset finance deal? Submit an estimate now to check their eligibility. | | Submit an estimate | | Limited time only: Lower rates on caravan asset finance | Looking for a great deal on caravan asset finance? Well, March is the perfect month to get an estimate with Wisr.
Until the end of March, your clients can get a 50bps discount on all caravan asset finance, reducing rates to from just 7.24% p.a. (comparison rate 8.70% p.a.²). Want to know more? Just get in touch with your BDM, or head to the Partner Portal to submit an estimate.
| | Reduced loading on all asset finance loans | We have a new rate update for you! Wisr has reduced all asset finance loading by 25bps and removed asset finance loading on 7 year terms completely. Want to see how this changes things for your clients? Get a quick rate estimate in the Partner Portal. | | We now use cash surplus to calculate serviceability | So, what does this mean? Well, instead of using a net serviceability ratio (NSR), Wisr now uses your clients’ cash surplus to calculate the serviceability of loan agreements. You can find the loan serviceability calculator in the loan application form side bar.
Clients will need a minimum cash surplus of $100 per year ($8.34 per month) for loans with bank statements or a $500 cash surplus per year ($41.67 per month) for asset finance loans that qualify for no bank statements.
If you have any questions or need to workshop a scenario, just reach out to your BDM. |
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ALEX BANK - MARCH 11th
Alex.Bank March Rate Special! |
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Alex.Bank’s March Broker Rate Special is here!
Whether your clients are looking for a new car, home upgrades, or a greener future, we’ve got market-leading rates on offer.
Our loan rates: - Unsecured Personal Loans – from 8.49% p.a. Fixed & Comparison*
- Green Loans – from 7.49% p.a. Fixed & Comparison*
- Car Loans – from 7.49% p.a. | Comparison rate 7.90% p.a.*
- Electric Vehicle Loans – from 6.49% p.a. | Comparison rate 6.90% p.a.*
Need support? Our Broker Support team and Business Development Managers are ready to help. Email brokersupport@alex.bank orcontact your BDM using the details below. |
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Alex.Bank Unsecured Rate Table^ |
*Comparison rate based on $30,000 unsecured/secured loan amount and 5-year loan term.
^A discount of 1.00% applies to Green Loans. Only applicable for home solar systems (e.g. panels, batteries, installation). Invoice/quote to be provided and must be at least 90% of loan amount. |
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Alex.Bank Secured Rate Table~ |
~ A discount of 1.00% applies to Electric Vehicle Loans. Engine Type must show as Electric via Glass's valuation. *Comparison rate based on $30,000 unsecured/secured loan amount and 5-year loan term. A quote/contract must be on file with total cost. #$295 Establishment fee (Secured) |
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Download our March 2025 Rate Tables |
Download our March Rate tables below, or log into the Broker Portal to view. In the Broker Portal, you'll also find our most up-to-date lending policy, serviceability calculator, and more. |
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Illion Enhancements – We’ve listened to your feedback! |
We are now live in the Broker Portal with some exciting changes making it easier for you and clients to do business with Alex.Bank
- When submitting a loan application, if you have multiple Illion Doc ID numbers for your client, now all of them can be loaded during the application.
- Not only that, if we request further statements during our Assessment, you can load the Illion Doc ID (if available) directly into the Broker Portal, rather than the client needing to action our link.
- So check out this new feature when loading your next application, and find the new “Statements” section at the bottom of all your submitted applications.
For further information, chat to your BDM or contact Broker Support. |
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Thanks again for choosing to partner with Alex.Bank to support your client’s goals. |
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MORRIS - March 11th
MONEYPLACE - March 7th
Big news at MoneyPlace! We’re excited to introduce Molly Sanders as the new Business Development Manager for Victoria—and what better way to celebrate than with an interest rate reduction?
Meet Molly—the new VIC BDM!
Molly isn’t new to MoneyPlace. Many of you may know her from Broker Support, where she worked closely with brokers for years before stepping into a BDM role for NSW & ACT. Now, she’s hitting the road in VIC to provide even more hands-on support.
Reach out to Molly
Now, onto the big news... we’ve dropped our rates! ?
Effective Tuesday 11th March, MoneyPlace will be dropping rates across all risk grades, with secured rates starting from just 6.29% p.a.^
Here’s a breakdown of our new rates:
| Risk grade | Secured rates | Unsecured rates |
| A - Excellent | 6.29 – 9.93% | 6.99 – 10.34% |
| B – Very good | 10.12 – 12.71% | 11.24 – 13.24% |
| C - Good | 12.64 – 16.55% | 14.04 – 17.24% |
| D - Average | 16.19 – 18.81% | 17.99 – 19.59% |
| E - Ordinary | 17.99 – 19.19% | 19.99% |
Want to know more?
Please ensure you have the most up to date broker guide as reference.
If you have any questions or need assistance, feel free to reach out to the team.
Cheers,
SHIFT - 5th March
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In line with changing market conditions, we’ve reduced our Asset Finance base rates for property owners.
These changes are effective on Wednesday, 5 March 2025 for all new transactions.
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| Annual Turnover | >$10M | $1.5M - $10M | <$1.5M | | Property Owner | 8.45% (-0.20%) | 8.45% (-0.20%) | 9.25% (-0.70%) | | Non-Property Owner | 8.95% (no change) | 9.95% (no change) | 12.95% (no change) |
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| Visit our product guide for more information on how your brokers can support their customers with asset purchases. |
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MONEYME & SOCIETY ONE - March 4th
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Hi Liam
We are excited to announce that starting 5 March 2025, we will be re-introducing payslips and casual employees for MONEYME Personal loans and SocietyOne Personal loans.
There are restrictions for both payslips and casual employees. Please see an overview below, and you can also download the updated guide below.
MONEYME Personal Loans Payslip Conditions: - If client owns home, must have Equifax score ≥ 600
- If client rents or is living with friends and family, must have Equifax ≥ 750
- Payslips must be provided in PDF
- Only available for full-time or part-time employment (i.e. not casual employment)
- Loading of 2% on interest rate where payslips are used
MONEYME Personal Loans Casual Conditions:
- Equifax Score ≥ 800
- Non-Homeowners restricted to 36-month terms
- Funding capped at $30,000 or offer matrix
- Casual employment > 12 months
- Loading of 2% on interest rate
SocietyOne Personal Loans Payslip Conditions: - Only available for unsecured personal loans
- Tier 1 customers only
- Payslips must be provided in PDF will be ineligible for any exceptions permissible in the Credit Policy
- Only available for full-time or part-time employment
- Loading of 2% on interest rate where payslips are used
SocietyOne Personal Loans Casual Conditions: - Only available for unsecured personal loans
- Tier 1 customers only
- Funding capped at $30,000 or offer matrix
- Casual employment > 12 months
- Loading of 2% on interest rate
Please download the updated Broker Guides below: |
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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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Best regards,
The Broker Support Team
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RESIMAC - March 4th
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March rates:
Our solutions to keep you moving! |
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Hi Liam, We wanted to give you an update on some changes to our Commercial Equipment and Asset Finance offering, effective from 1 March 2025. These updates are designed to make things easier for you and help you continue offering great deals to your customers. |
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Competitive car rates.We're happy to let you know that we're keeping our car rates as competitive as ever. 
| 6.89%p.a. Electric vehicles |
| 6.98%p.a. Motor vehicles
(up to 3 years old) |
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| Standardised loadings.To simplify and further streamline things for you, as of 1 March 2025, we are standardising all loadings to a flat rate of 2% across all applicable groups.* This should make it easier for you to provide clear, consistent quotes to your customers. Prime movers.We will no longer be accepting prime mover applications for non-property backed applicants as of 1 March 2025. Any applications already in progress will be honoured. |
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These updates are part of our ongoing efforts to support your business and help you stay competitive |
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FIRSTMAC - March 4th
Hi Liam, Effective today the 4th March 2025, our variable car loan interest rates will decrease by 0.25%, following the RBA’s decision to decrease the official cash rate by 0.25%. Our variable car loan rates will start from 5.94% for Green and 6.09% for new / demo. The decrease also applies to existing variable rate customers and will be reflected in P&I loan repayments made after this date. Please see our updated rate sheet. |
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PLENTI - March 3rd
Automotive loans with Plenti |
Lower rates, bigger wins! |
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This March, we’re making it easier than ever to drive more deals with lower rates across our automotive products. We’ve lowered our interest rates for asset-backed consumer automotive loans, starting from 6.99% p.a. What’s changing? |
- New/demo vehicles from 6.99% p.a. (-0.20%)
- 2025-2022 vehicles from 7.39% p.a. (-0.20%)
- 2021-2018 vehicles from 7.49% p.a. (-0.20%)
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Take advantage of exclusive discounts available all month long and give your clients even sharper rates on their next car purchase. |
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LATITUDE - March 3rd
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Personal Loan LEF (Loan Establishment Fee) Waiver ends Thursday 6th March |
The Personal Loan LEF waiver campaign ends Thursday 6th March 2025. Inflight applications – The LEF Waiver is applicable for Personal Loan quotes submitted on or after Thursday 6th February 2025 till Thursday 6th March 2025. Any quote submitted during this period, that has not funded before the campaign end date, will have the LEF waiver honoured. |
MORRIS - February 28th
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We are pleased to announce that we have recently updated our product offering. Effective as of Monday 3rd March, we are reducing our interest rates by up to 1%.
These changes are part of our ongoing commitment to providing competitive and flexible finance solutions that meet the needs of your clients.
Whether your client is buying a new or used asset, via a dealer or private sale, a sale & buyback opportunity, or a refinance, these new rates will help them in their business objectives.
The new products and reduced rates will take effect from Monday, 3rd March 2025. |
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KEY UPDATES
> Up to 1% reduction on interest rates, making repayments more affordable
> An improved finance offering that helps you satisfy your client's financial needs
> A rate reduction that enables you to attract new clients
> Effective Date: The changes will take effect from Monday 3rd March, 2025.
We believe these updates will provide great value to your customers and help you offer even more attractive financing solutions. |
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WESTPAC - February 28th
| UPDATED: Equipment Finance Settlement requirements | From Monday, 24 February 2025, two of our Equipment Finance settlement requirements are being simplified to decrease the workload pre-settlement and reduce settlement delays.
Change 1: Simplification of Personal Property Securities Register (PPSR) requirements on buybacks and private sales
Where the financed asset is a motor vehicle with a VIN, and the sale is a buyback or private sale, a PPSR company search over a private seller or customer will no longer be required.
This will result in less cases where a PPSR deed of release needs to be obtained from another financier/secured party.
Note:- The financed asset must have a VIN (all other serial number types such as PIN, HIN, VH number etc. will follow the existing process).
- A search on the day before or the day of the sale or lease must not disclose another registration over that VIN.
Change 2: Certificate of Currency (CoC) requirements for fleet policies
For assets with a value above $150k, a CoC is required to confirm insurance details.
Currently, this must note Westpac’s interest as well as details of the asset (VIN/Serial no).
Going forward, where the CoC confirms that the policy is a “fleet policy”, there will no longer be a requirement to include the asset detail on the CoC. This applies only for all motor vehicles and does not apply to any other asset types.
A definition of motor vehicles can be found here: https://www.ppsr.gov.au/glossary/motor-vehicle |
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PROSPA - February 28th
 Important updates |
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New change of mind policy |
| Customers will now have 14 calendar days, from the loan agreement date, to exercise their right to cancel the loan agreement under a Change of Mind policy. |
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Extension to Partner loan and line offer |
| Accredited partners can apply for a Business Loan or Business Line of Credit to invest in their own business. Business loans up to $150K with a maximum rate of 21.60% APR (Annual Percentage Rate)
Business Line of Credit up to $150K with a maximum rate of 19.99% APR.
Eligibility and approval subject to standard credit assessment and not all amounts, term lengths or rates will be available to all applicants. Fees, terms & conditions apply. |
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Updates to your Partner Terms |
| Prospa is updating the Partner Terms and these changes will be effective as of February 2025.
We will consider that you have accepted the updated Partner Terms by continuing to send leads to Prospa, there is no need for any further action from you.
You can access the full updated Partner Terms via the Partner Portal, under the resources tab. |
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MONEYPLACE - February 25th
Great news from MoneyPlace! We’re excited to introduce two fantastic new additions to our sales team!
Introducing Rowan Burke (QLD/NT) & Phil Thaung (WA/SA)
Rowan Burke joins MoneyPlace as a BDM for QLD & NT. He brings with him extensive experience in financial services, relationship management, and tailored lending solutions from his time at NOW Finance, Autosure, and Turners Motor Group.
Phil Thaung joins the team as a BDM for WA & SA. Phil has over 30 years of experience in the finance industry, most recently as a Business Development Manager with PLAN, P&N Bank, and Blue Bay Home Loans. He has built strong relationships with brokers, auto dealerships, and financial institutions throughout his career.
Reach out to Rowan and Phil
We are thrilled to welcome both Phil and Rowan aboard and look forward to the wealth of insights and leadership they will bring to MoneyPlace!
We have updated the broker guide with Phil and Rowan's details. Please ensure you have the most recent copy on file.
If you have any questions or need assistance, feel free to reach out to the team.
Cheers,
The Broker Team
Phone 1300 008 003 (3, 1)
broker@moneyplace.com.au
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FLEXICOMMERCIAL - February 25th
At flexi, we believe premium customers always deserve a sharp rate, so the good news is, we're extending our special of 6.95% p.a. indefinitely! For a premium rate, no bank needed, you know who to call. |
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FLEXIPREMIUM SPECIAL RATE HERE FOR THE LONG HAUL! 6.95% p.a. for your premium customers - $50K+ PRIMARY ASSETS ONLY: Up to 5 years old (Contract Road Transport/Logistic businesses who operate 5 or more trucks can be considered^)
(Please refer to attached flexipremium flyer for full T&Cs.) - Borrowing entities: Companies, Trusts, Partnerships (Sole Traders excluded)
- Asset backed: ABN and GST registered – minimum 4 years
- Non-asset backed: ABN and GST registered – minimum 8 years
- Additional 1.0% for private sales, 1.25% for non-asset backed customers and 1.25% for terms >60 months
- No further discounts
- Not to be retrospective for current approvals
RATES AVAILABLE UNTIL FURTHER NOTICE.
For full details, download our latest Rate Card below. |
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We hope this ongoing rate will benefit your customers financing newer assets with good credit histories for a long time to come.
As always, any questions talk to your flexicommercial BDM. |
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MONEYPLACE - February 21st
After nearly 3 years with the MoneyPlace team and nearly 10 years with the Liberty Group, the time has come for me to say goodbye. It has been an absolute pleasure working with you and the broader aggregator panel, and I’m grateful for the relationships we’ve established.
I’ve thoroughly enjoyed my time at MoneyPlace and being part of a team that is so passionate about supporting brokers and their clients. While I’m moving on to new opportunities, I look forward to staying connected in the future.
Upon my departure, if you have any questions or concerns, please reach out to our Broker Support team on 1300 008 003 (3,1) or email them at broker@moneyplace.com.au.
Thank you again for your support, conversations, and collaboration over the years. My final day will be today, Friday, 21th February. Wishing you all continued success!
Cheers,
Matt
WISR - February 21st
Here is the latest rate chart along with our Product and Services Deck - Updates as follows:
84 month loading removed for Asset finance rates
Rate loadings reduced for assets 1-13 years start of term
Move to cash surplus. $100 per year standard OR $500 per year for loans eligible for no bank statements
Kieran Ronan has joined the team as our newest Relationship Manager to support QLD & WA
We are also running campaign pricing on caravans until the 31st of March, offering a 50bps discount on the current asset finance rate charts. Rates starting from 6.24%!!
SCOTPAC - February 20th
Please note that the changes relate to Fast Doc as highlighted below
- Motor vehicles over $100K required Full Doc application has been added.
- 622 Non-Property 20% Deposit has increased from 10%.
ANGLE FINANCE - February 18th
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Here’s What You Need to Know: ☑️ 7.49% for Secondary Assets - no tricks, just a great rate. ☑️ Simple criteria: ☑️ Over 300+ fundable assets—just ensure they’re within 5 years of manufacture.
What’s great about this product? 250K Low Doc, property in spouse’s name, no rate loading on private sales and up to 8% commission!
Need bigger deals? $300K, $500K, even $1M+—just send us 2 years of financials, a commitment schedule, and the ATO portal. |
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| | | More Rate Drops! ?ALL Primary Assets with 2 Year ABN and 1 Year GST = Rate Drop of 20-50bps Real Deal, Real Results: Check out this deal that settled with our new 7.99% for Primary Assets with 2-year ABN / 1-year GST: Business: Tiling Sole Trader Asset: 2018 Trailer (Private Sale) Loan Amount: $60,000
Term: 3 Years Property in Spouse’s Name Commission: 8%
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| | Ready to make the most of these incredible rates? Submit your applications or contact your Angle Finance BDM today. |
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| Cheers, The Angle Finance Team |
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| | Happy with Angle Finance? Your feedback helps us make faster, easier finance even better. Share your thoughts by leaving a Google Review here! |
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AMMF - February 17th
AMMF are excited to inform you that we have activated system generated tax
invoices for your Origination Fee/ Broker Admin Fee on Consumer Loans.
From today you are no longer required to create and upload your tax
invoices for Consumer loans.
Please note this system enhancement is only applicable for consumer loans.
You are still required to create and upload a tax invoice for your
Origination Fee/Broker Admin Fee on Commercial loans.
If you haven't received communication with instructions on how to generate invoices - please reach out to your BDM.
FIRSTMAC - February 14th
SHIFT - February 11th
We continue to improve our banking requirements at assessment and settlement stages when applying for an Overdraft product with Shift.
Manual Bank Statement Submission
We’ve seen several banks implement two factor verification and as a result we have been receiving manual bank statements for assessment.
Please make sure to first attempt linking the bank account through the portal. If manual submission is necessary, ensure that the bank statements provided are complete, accurate, and up to date to avoid delays in the assessment process.
SISS Requirement
In addition to manual bank statement at submission, we’ve introduced another alternative for live banking streaming through SISS. The SISS process will streamline the final stages of settlement, ensuring transactions are completed accurately and promptly. While manual bank statement submission is required for approval, the SISS process is primarily used for settlement purposes, enabling Shift to maintain a live link to the customer's bank account. This is critical for keeping the facility available and allowing the customer to transfer funds without interruption.
Key Points to Remember:
- Manual Bank Statement Submission:
- First option is to attempt the bank link via the system. Should this fail, submit manual bank statements for assessment as part of the cashflow facility approval process.
- SISS Process for Settlement:
- Should manual statements be required, then the SISS process, to facilitate the completion of settlement once approval is granted will be necessary. The process will prompt the client to complete this within their portal.
- Timely Execution:
- If requested, please complete the SISS process either manually or online, depending on the clients bank. Shift will require supporting information to confirm that the process has been completed. This will ensure smooth approval and settlement of cashflow products.
The following screenshots are examples of what your client will see within the portal.
Select settings and either of the following screenshots will appear, depending on the bank.
Manual
Online
If you have any questions or need further assistance regarding this new process, please don't hesitate to contact us. We appreciate your cooperation as we implement these changes to adapt to new banking requirements.
AMMF - February 11th
Please be aware AMMF have launched a refreshed modern and improved Broker
Portal Login and Application Page that will welcome AMMF business partners
logging in and processing finance transactions from tomorrow. The upgrade
improves security and user experience by having available all relevant Apps
in one central location. Please contact your Business Development Manager if
you have any questions.
BANJO - February 11th
Just a quick reminder of some recent product updates and current promotions:
Asset Finance Product updates
- ASSET FINANCE EXPRESS has increased from $250K to $500K: Banjo can now lend larger amounts using 12 months of bank data for assessment, with businesses only needing 12 months trading history / GST registration.
- Increase in NO DEPOSIT for NON-PROPERTY BACKED clients: No deposit required for non-property owners for loans up to $250k, and just a 10% deposit for loans $250K to $500K.
- BASE RATES REDUCED: A full 1% reduction on previous Asset Finance rates (across both Excel and Express) with rates starting from 8.75%.
Reduced Rates on 1-2 Year Business Loan Products
Talk to your BDM about our reduced rates up to 3% on our 1 and 2 year Business Loan products until 31 March 2025,* offering a cost-effective solution for immediate financing needs.
Here's a link to our latest Business Loans and Asset Finance Solutions Guides.
AFFORDABLE CAR LOANS - Monday 10th February
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| Dear Team, We are pleased to share some great news regarding the temporary lending policy change introduced on 2 September 2024, where all applicants aged 25 and under, regardless of the Equifax Negative data credit score and file age, were subject to a 100% LVR restriction. After a thorough review, we have refined the policy to better support young applicants on their financial journey!
What’s Changing? Effective immediately:
✅ More Borrowing Power for Responsible Young Applicants! If you are aged 18 to 25,have a credit file older than 12 months, and an Equifax Negative Data Score of 600+, you will no longer be subject to the previous lending restrictions This means that these applicants can now access our standard lending criteria without the previous LVR cap! ✅ Targeted Support for Higher-Risk Applicants – The temporary policy change will now only apply to applicants aged 25 and under, with an Equifax Negative Data Scoreless than 600 ie between 400 – 599.. For these applicants, the maximum Loan-to-Value Ratio (LVR) remains at 100 What This Means for You This policy update rewards applicants who have demonstrated good credit behaviour, so if your clients fall within the 18-25 age group and have been maintaining a strong credit history, this is your chance to take full advantage of more flexible lending terms. We’re committed to helping young borrowers achieve their financial goals, and this change ensures we continue to lend responsibly while providing access to opportunities for those who have built a solid credit foundation. |
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FINANCE ONE - Monday 10th February
FIRSTMAC - Thursday 6th February
Car Loans - Edge / Bank statements |
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Firstmac is pleased to advise that we have removed the standard requirement of Bank statements for 'Edge' applicants. The Edge loading still applies for applicants within this category and we encourage you to use the Firstmac Eligibility calculator to determine the customer profile before quoting and submission. We reserve the right to request bank statements where we are unable to validate the payslip(s) as part of our approval process. Should you receive a request for bank statements on either Standard or Edge applications, it means that we have not been able to sufficiently validate the payslip. We strongly encourage you to closely review the authenticity of the payslip before submission. |
Providing the original PDFs of payslips greatly assists with validation which will provide a faster and more streamlined experience from submission through to settlement. |
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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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DYNAMONEY - Thursday 6th February
Hi Liam, Please note that effective immediately, until 10 March 2025 we will be temporarily suspending PDF bank statements and CSV files as we work to improve our credit process. Bank statements should be submitted via bankstatements.com.au. Over the coming weeks we will be continuing to build our credit team and will have four additional analysts joining the team to ensure we continue to deliver the exceptional service you have come to expect from us. We should also have a significantly improved PDF capability following upgrades to our technology and process. Any existing application where PDF bank statements have been provided will be assessed albeit with delays in queue. We appreciate your ongoing support as we aim to improve our speed and capability. In the meantime, if you have any issues or concerns, please feel free to contact your Dynamoney BDM directly. Many thanks, David Verschoor CEO - Dynamoney |
LATITUDE - Thursday 6th February
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System Enhancements + Important Updates Effective Wednesday, 6th February 2025, we have made the following changes: Brokers are now able to easily print a copy of the serviceability calculator.
Located under the results of the calculator, there is now a link to generate a PDF. 
Additionally, a new field has been added to capture the applicant’s postcode, ensuring the correct living expense benchmarks are applied. Top Up Quotes We have fixed the issue that has been impacting the conversion of a Top-Up Quote to an Application. The system was picking up the quote and treating it like an application, therefore making the quote ineligible for conversion, has been fixed. |
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SHIFT - February 4th 2025
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The latest Equipment Line enhancements will provide your brokers and their customers a better experience, from application through to funding.
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New Equipment Line features in Shift Connect |
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Brokers can request a credit limit increase directly in Shift Connect, providing their customers with additional funds to support growth opportunities and unexpected business purchases. |
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Commission flexibility
Brokers now have the option to adjust their commission rate within the applicable bands for each transaction, to give their customers the optimum rate.
Commission range: 0.55% - 4.4% including GST |
Customer retention webinar |
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Find out how to build stronger customer relationships in our next webinar. We will cover three retention strategies brokers can implement in their business.
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RESIMAC - February 4th 2025
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Exclusive February incentive: Competitive rates and bonus discounts for your clients. |
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We are pleased to offer motor vehicle loan rates along with a limited time February offer to help you kick start the year! |
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| 6.89%p.a. Electric vehicles |
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Exclusive rate discount offer.We're excited to present a special opportunity this February to unlock additional benefits for you and your clients. Settle over $1.0M in volume during February, and unlock a 25bps discount on all deals approved in March for your clients.* This means an extra benefit for your PremiumPLUS clients, who will enjoy the added discount on top of their existing preferential rates. This is a great chance to give your clients even better deals while also boosting your business in the new year. If you have any questions or would like to discuss specific scenarios, we're here to help. Take advantage of this limited time opportunity to start the year strong and earn even more rewards for your hard work! |
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FLEXICOMMERCIAL - February 3rd 2025
IT’S HERE – DOCUSIGN! e-signatures launch later this week.
We’ve been late to the party but Docusign is finally launching later this week at flexicommercial! It will be an option, not compulsory so that you can work how you like to work – new-school e-signatures using Docusign or old-school ink using pens is fine by us.
Any questions, ask your flexi Account Manager or download our handy guide to flexi Docusign below. Download our FLEXI GUIDE TO DOCUSIGN flyer. |
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TIER II ASSETS UPDATE Change from Primary to Secondary explained.
We recently made a policy change to move certain assets from our primary to secondary asset class. This is due to the poor market and re-sale value for these assets. We acknowledge that the quality of these assets is improving, however until the re-sale market recognises that, we are erring on the side of caution to protect both flexicommercial and your customers from poor outcomes in the instances of earlier than anticipated sales.
Examples of recent auction outcomes for early sale equipment.
Experience has taught us that things can change quickly for any business – necessitating the early sale of assets.
Moreover, we thought the following examples from a well known auction house could be of interest to any customer considering buying certain types of assets as poor secondary value impacts both orderly and stressed sales. |
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| USED 2023 XCGM GR165 GRADER - Auctioned 2024 with 10 hours of use.
- Immediate value drop of 33% (3.3% for every hour).
- Tier 1 comparison: 2023 CAT 150 AWD grader with 95 hours sold for $530K (just 20% value drop).
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| USED 2022 SUNWARD SWE38SU SKID STEER LOADER Sold in 2024 for $35K with 470 hours of use. Immediate value drop of over 30% in good condition. Tier 1 comparison: 2021 TOYOTA 30-5SDK9 with 275 hours sold for $55K (just 8% value drop).
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| USED 2022 LIUGONG CLG936E EXCAVATOR (36T) Sold in 2024 for $90K with only 80 hours of use. Immediate value drop of 64% with low usage. Tier 1 comparison: 2021CAT 336GC excavator with 1,800 hours sold for $290K (just 27% value drop).
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| USED 2020 SINOTRUK T7H, 540HP, 6X4 PRIME MOVER Sold in 2024 for $70K with only 80,000kms. Immediate value drop of 70% with low usage. Tier 1 comparison: 2020 Volvo FH 540hp, 6x4 prime mover with significantly more usage, 460,000 kms, sold for $201K (just 47% value drop).
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For a handy guide to brands and relevant assets considered Tier II, please download the attached PDF. Please also find attached our updated Rate Card and Credit Matrix with Tier II additions. |
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WISR - February 3rd 2025Customer pre-approvals coming soon and more – watch this space.
This is just the start for 2025 – we’re currently preparing a new round of pre-approvals for customers with good credit, giving you a positive conversation starter that will hopefully lead to sales! We’ll notify you when they’re live so watch this space.
All the best with settling the big deals to up your entries and if you have any questions, as always, talk to your flexicommercial BDM.
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WISR - February 3rd 2025
Loading on 84 month asset finance terms reduced |
Great news! 84 month loading for asset finance loans has been reduced to just 25bps. Have a client that’s looking for an asset finance deal with a longer term? Now is the perfect time to see what’s available with Wisr.
And don’t forget - Wisr doesn’t charge early repayment fees. So, if your client wants to make additional payments or repay their loan in full early, they can do so at any time, at no extra cost.
Check out what Wisr can offer your clients now by getting a quick rate estimate in the Partner Portal. |
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Found your client a great personal loan deal? Wisr will beat it |
That’s right, if you find your client a better personal loan deal elsewhere, Wisr will beat it¹. It’s as simple as that. Check out all the offer details in full in our handy guide. |
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MONEYME AutoPay - February 3rd 2025
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| Hello, Starting 5 February 2025, the monthly fee for all new MONEYME Autopay loans will increase from $10 to $12.50. Please note, there are no changes to fees for MONEYME Personal Loans or SocietyOne Personal Loans. Additionally, we’ve updated the formatting of the broker guide to improve readability. You can download the updated guide below: |
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EARLYPAY - January 31st 2025
Our latest updates include new rates, broker insights, and ways to help your clients thrive.
9.75% EQUIPMENT FINANCE RATE UPDATE
As of 1 February, our base rate for equipment finance is 9.75%. We are proud to offer flexible financing options for your clients, considering older assets and applicants with ATO debt. Standout features: - No rate add-ons: Access the base rate on secondary and tertiary assets, plus sale-back and capital-raise transactions on eligible asset classes
- Simplified ATO assessments: Only required in certain cases, streamlined for ease and efficiency
- Quick and easy bank statement assessments for property owners:
- Up to $500k for primary assets
- Up to $250k for secondary and tertiary assets
Download the flyer for full product details. |
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PEPPER - January 31st 2025
LATITUDE - January 29th 2025
Loan Establishment Fee (LEF) Waiver for Personal Loans |
Great news! From 6th February 2025 till 6th March 2025, we are waiving the LEF for Personal Loans. During the campaign period, the LEF will not show on Quotes or Applications. Inflight applications – The LEF Waiver is applicable for Personal Loan quotes and applications submitted on or after Thursday 6th February 2025 till Thursday 6th March 2025. Any quote or application submitted during this period, that has not funded before the campaign end date, will have the LEF waiver honoured. Latitude has the right to withdraw the LEF waiver at any time. |
Broker Personal Loan (PL) Support Team – Call Process |
We are excited to share a new initiative which will improve the experience for Brokers, and their Assistant’s, when contacting the Broker Personal Loan (PL) Support Team. From Monday 3rd February 2025, the new process is reflected below. |
FLEXICOMMERCIAL - January 22nd 2025
flexicommercial is starting the year by continuing with our banging rate of 6.95% for your premium customers. |
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BEST FLEXIPREMIUM RATE CONTINUES! 6.95% p.a. for your premium customers - $50K+ PRIMARY ASSETS ONLY: Up to 5 years old (Contract Road Transport/Logistic businesses who operate 5 or more trucks can be considered^)
(Please refer to attached flexipremium flyer for full T&Cs.) - Borrowing entities: Companies, Trusts, Partnerships (Sole Traders excluded)
- Asset backed: ABN and GST registered – minimum 4 years
- Non-asset backed: ABN and GST registered – minimum 8 years
- Additional 1.0% for private sales, 1.25% for non-asset backed customers and 1.25% for terms >60 months
- No further discounts
- Not to be retrospective for current approvals
LIMITED TIME ONLY – APPLICATIONS RECEIVED FROM
21 JANUARY THROUGH TO 28 FEBRUARY – AND SETTLED BY
28 FEBRUARY 2025.
For all the details, download our latest flexipremium flyer below.
So that we can offer the sharpest rate possible for your premium customers, we have tweaked the eligibility criteria for non-asset backed customers, with the minimum ABN age increased to 8 years. For context, our defaults and losses for non-asset backed customers are over 5 times that of asset backed customers. This change coupled with the risk premium of 1% is to mitigate this heightened risk. Please note that the increased time in business applies only to flexipremium, we have not changed the criteria for our standard offering. For convenience we have refreshed our rate card, a copy of which is attached. |
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FIRSTMAC - January 22nd 2025
Effective Immediately we have made several changes to our car policy regarding New/Demo vehicles. Firstmac will now accept new & demo vehicles with a build date up to 18 months old as long as the vehicle has travelled under <7500kms. Summary of all updated Criteria for Demo Vehicle |
- Registered to Dealer Only: Vehicles must have been registered solely to the dealer.
- Build Date: Must be no more than 18 months prior to the application date.
- Odometer Reading: Must not exceed 7,500 km.
- Dealer Confirmation: Dealer invoice must include a reference to ‘Demonstrator vehicle’.
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AZORA - January 16th 2025
After a five-month trial of having an on-the-ground presence in Adelaide (SA), we’ve decided to consolidate our approach and withdraw our local representation.
Moving forward, I will be your primary contact for all your asset finance needs across South Australia. I’m genuinely excited to continue building our partnership and helping you grow your business.
PLENTI - January 15th 2025
No more mechanical inspections for private sales over $65k Helping you save time and hassle, we’ve removed the need for mechanical inspections or service receipts for private sales over $65k. This makes it even easier to get your customers on the road, faster. |
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- Reduce back-and-forth: Skip the hassle of arranging mechanical inspections or tracking down receipts.
- Speed up approvals: Get your customers into their cars faster with fewer requirements.
- Enhance customer satisfaction: A simpler process means happier clients.
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No inspections for refinances Refinancing is now easier than ever, with no inspections required for consumer or commercial loans. |
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- Eliminate delays: No need for inspections that slow down the process.
- Simplify the experience: Provide a seamless refinance journey for your customers.
- Focus on approvals: Spend less time on admin and more time getting deals done.
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Extended maximum asset age for balloons We’ve extended the max asset age at the end of the term from 8 to 10 years, widening opportunities and making our financing options more competitive. |
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- Offer more choices: Include vehicles up to 5 years old in financing options.
- Stay competitive: Appeal to customers looking for flexibility with older assets.
- Drive more deals: Meet diverse customer needs with broader financing terms.
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Improved comparable credit limits for commercial loans We’ve updated comparable credit limits to better reflect Tier A and B customers’ capacity to repay. This means higher limits and easier approvals for customers in these tiers: |
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- Higher limits: Repayments for Tier A applicants are now up to 200% of total current loan repayments, and Tier B are now up to 150%.
- Example: For a customer with existing monthly repayments totaling $1,000, repayment for the new loan could be up to $2,000 for Tier A or $1,500 for Tier B.
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Download the new rate and policy guides:
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LATITUDE - January 13th 2025
PLENTI - January 13th 2025
Automotive loans with Plenti |
There’s never been a better time to partner with Plenti |
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Asset Lenders, from Monday 13 January 2025, until Friday 31 January 2025, we’re giving you another great reason to choose us. Submit and settle a commercial automotive deal on the same day, and we’ll send you a $100 eGift card as our way of saying thanks!* With Plenti’s speedy turnaround times, first-class service, and now this exciting offer, the only thing left to do is submit! Let’s make this the start of the year more rewarding together! |
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Motor Racing Giveaway ends soon ??️ |
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| Until 23 January 2025, you’ll get 1 entry into the draw for our 2025 Motor Racing Event giveaway for every consumer Rate Estimate submitted, and 1 entry for each commercial automotive application submitted^.
Don’t miss your chance to win, all while helping your clients get on the road, faster! |
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WISR - January 7th 2025
We have a new commission structure for you |
We’ve made a little update to our broker commission structure as we start the new year. |
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Meet Brody, our new WA BDM |
Please welcome our newest BDM, Brody! Brody is available to support all our WA brokers with escalations, workshopping and helping you secure excellent deals for your clients. Our SA brokers will now be supported by Ultan, who will also still be available to all our brokers in NSW.
Want to get to know Brody a little better? Find out what attracted him to Wisr and where you’ll find him outside of work in our latest blog. |
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LIBERTY - Late December 2024
Hi Liam, Liberty is decreasing interest rates across the motor consumer and commercial product suites, effective Wednesday 18 December 2024. Updates are also being made to consumer LTV rules and the maximum brokerage fee for motor products is increasing to $1,950. All current approved applications will be honoured, provided settlement takes place by Tuesday 24 December 2024. For more information on these changes, download our latest Introducer Guide. |
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AMMF - Late December 2024
We’re thrilled to share several significant updates designed to make financing even more accessible and attractive for your customers.
These changes reflect our commitment to flexibility, inclusivity, and value.
1. Seven-Year Loan Terms Now Available to All Customers
We’ve expanded our offerings! Seven-year loan terms are now available to all customers*, regardless of their risk grade or asset backing.
2. New Opportunity for Renters and Boarders
Renters or boarders can now secure seven-year loan terms for new and used Marine Assets (Boats and PWC’s) with Net Amount Financed (NAF) over $35,000.
3. Seven-Year Loan Terms for Motorcycles and ATVs
Customers financing new Motorcycles and ATVs can now enjoy seven-year loan terms when the NAF exceeds $10,000.
DISCLAIMER: *FIRST-TIME BORROWERS AND LOW DOC LOANS ARE PERMITTED A MAXIMUM TERM OF 5 YEARS. ALL APPLICATIONS ARE SUBJECT TO CREDIT DISCRETION.
Dealer sale policy
Private sale policy
