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Aggregator offers loan incentives

Staff Reporter 4 minute read

Staff Reporter

Australian Loan Company has today launched a new loan incentive scheme that will operate through its white label product Acuta.

Under the terms of the scheme, brokers and members of the aggregator’s parent company, Professional Investment Services, will have access to discounted Acuta home loans.

The discounted loans, referred to as the sharp home loan range, boasts an interest low interest rate of 6.82 per cent per annum.

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Interest generated from these loans will be passed directly to ALCo brokers and will attract a 0.8 per cent upfront commission.

According to the aggregator’s general manager Lesley Wood, the scheme aims to provide an attractive alternative to the major banks and function as a lead-generator for brokers.

"We’re trying to give our brokers the best possible start to the New Year,” Lesley Wood said.

“We’ve found a way in which to break-down the cost of home loans offered through our white label product, Acuta, in order to create more affordable home loans. The Scheme not only rewards our members and affiliates for their association with us, but also gives our brokers the opportunity to capitalise on ALCo’s success.”

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