Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Aussie launches new offering

james symond  x james symond  x
Huntley Mitchell 4 minute read

Aussie Home Loans has diversified into asset finance, announcing partnerships with three of the four major banks.

The group’s new offering will cover property, equipment and transport leasing and purchases, as well as other commercial uses, with ANZ, Macquarie Bank, CBA and Westpac forming the initial panel of lenders.

Chief executive James Symond said asset finance will open even more doors for its 1,060-strong broker sales force.

“Asset finance will help our brokers to diversify their product offering, create stickier customers and ultimately, continue to grow the incredibly strong monthly settlement averages they are achieving, which can be upward of $6 million per month for our 180 branded retail stores,” he said.

Advertisement
Advertisement

“Many of our brokers are already accredited and actively selling asset finance, but we’ve now formalised our offering and, importantly, integrated asset finance into our sales software to make sure the application process is quick, easy and seamless for our brokers and customers.

“Doing things better, smarter and more efficiently is what we’re focused on so we can continue to help our brokers grow even stronger, more profitable businesses.”

The asset finance market in Australia is now worth $42 billion, and brokers have around a 30 per cent share, according to Aussie.

“That’s approximately a $14 billion opportunity for our brokers,” Mr Symond said.

“It’s a natural extension to our product portfolio of home loans, personal loans and insurance, and a no-brainer for our brokers.”

PROMOTED CONTENT


[Related: Aussie centre sets the pace for customer service]

Aussie launches new offering
james symond  x
TheAdviser logo

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

james symond  x

 

more from the adviser
Greater Bank Newcastle Perm merger

Breaking News

Bank CEO pledges to maintain broker offering following merger

The CEO of Newcastle Permanent has said the lender will continue ...

Money jar

Breaking News

bcu launches $5k cashback offer

The customer-owned bank has released a cashback offer for new and...

RBA

Breaking News

RBA makes cash rate call as lockdown drags on

The central bank has delivered its rate decision for August as th...