the adviser logo

AFG adds new SME lender to panel

by Reporter4 minute read

Major aggregator AFG has announced the addition of a new small-business lender to its panel.

Small-business lender Moula is the latest to join the panel of major aggregator AFG, which has more than 3,000 brokers in its network. 

To continue reading the rest of this article, create a free account
Already have an account? Sign in

The lender offers unsecured loans of $500,000 or less for up to three years, with pricing starting at an annual percentage rate of 15.95 per cent p.a. applied against the outstanding loan balance.

Moula claims that turnaround times are between one and two days, thanks to its proprietary platform that accesses customers’ financial and accounting data to facilitate faster decisions. 


Commenting on the appointment to AFG’s lender panel, Moula chief executive Aris Allegos said: “The opportunity for AFG’s brokers to expand their offering across the SME sector is rising exponentially. 

“According to the SME Growth Index, 96 per cent of SME owners consider alternative lenders when seeking finance.”  

Keiran Evans, AFG’s general manager of commercial, welcomed Moula’s appointment to the aggregator’s panel, saying: “The addition of Moula means even more lender and product choice is available to our brokers to help satisfy the growing needs of Australian SME business operators.”

Meanwhile, AFG is amidst a major merger with fellow aggregator Connective to create a significant national mortgage distribution network with more than 6,575 brokers and combined mortgage settlements of $76 billion in the 2019 financial year.

[Related: Peer-to-peer lender joins AFG panel]

AFG adds new SME lender to panel
afg logo
TheAdviser logo
afg logo


You need to be a member to post comments. Register for free today


daniel tuttlebee resimac asset fInance ta l27zun

Resimac takes controlling stake in Sonder

Resimac Asset Finance has expanded its acquisition stake in equipment finance business Sonder Equipment Finance...

asic ta 2

ASIC seeks ‘common-sense solutions’ to breach reporting

The Australian Securities & Investments Commission (ASIC) has committed to “improving” the operation of the...

andrew mills homestart ta htfetw

HomeStart drops graduate loan deposit to 2%

HomeStart Finance, a non-bank lender backed by the South Australian state government, has lowered the deposit hurdle...

Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more