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Breaking News
Majors release SME Recovery Loan Scheme products
by Annie Kane • 2 Apr 2021
The big four banks have announced the details of their SME Recovery Loan Scheme products, which commenced on 1 April.
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RLO repeal will make borrowers more responsible: Sukkar
by Annie Kane • 1 Apr 2021
The Assistant Treasurer has acknowledged that borrowers currently bear “limited responsibility” for providing...
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Home Loan Connexion joins MAB
by Annie Kane • 1 Apr 2021
The Queensland-based brokerage, headed up by Ian Cain and Tracy Kearey, has become the latest broking business to join...
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Loan Market appoints marketing manager
by Malavika Santhebennur • 1 Apr 2021
The major brokerage has made the digital marketing appointment to support it with automating marketing solutions, it...
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Plenti increases automotive funding capacity
by Annie Kane • 1 Apr 2021
The fintech lender has increased the limit of its automotive warehouse from $275 million to $350 million.
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‘Great unknown’ of how AFCA will view BID
by Annie Kane • 31 Mar 2021
The way AFCA treats broker complaints brought under the new best interests duty remains the “great unknown” until a...
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Banjo launches short-term, unsecured loan for SMEs
by Annie Kane • 31 Mar 2021
Fintech lender Banjo Loans has soft launched a new short-term working capital loan for small businesses.
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AFG appoints managers in NSW, WA
by Malavika Santhebennur • 31 Mar 2021
The aggregator has appointed a partnership manager in NSW and a sales manager in Western Australia.
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ACCC clears the way for NAB’s 86 400 acquisition
by Annie Kane • 30 Mar 2021
The competition watchdog has said that it will not oppose the proposed acquisition of neobank 86 400 by National...
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Government extends loan scheme to flood-hit SMEs
by Malavika Santhebennur • 30 Mar 2021
The federal government will extend the SME Recovery Loan Scheme to provide support to flood-affected businesses.
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Ex-broker charged with fraud
by Reporter • 30 Mar 2021
A former finance broker who was previously permanently banned from engaging in credit activities has been charged with...
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Loan Market sees rise in automated communication
by Malavika Santhebennur • 30 Mar 2021
The major brokerage has recorded a quarterly surge in its brokers’ usage of automated communications in 2021, it...
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REA Group to acquire Mortgage Choice
by Malavika Santhebennur • 29 Mar 2021
The multinational property services group has announced a proposal to acquire 100 per cent of Mortgage Choice for $244...
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Credit union expands broker channel reach
by Malavika Santhebennur • 29 Mar 2021
The credit union has launched in Victoria’s broker market, expanding its push into the state with 600 brokers from...
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Small business review service made permanent
by Malavika Santhebennur • 29 Mar 2021
The ATO has announced that its independent review service for tax disputes will be available permanently to eligible...
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Home values up 400% in 30 years: study
by Malavika Santhebennur • 29 Mar 2021
Property values have soared over the last 30 years, while the average mortgage provided by Aussie has grown more than...
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Rising number of SMEs look to access credit
by reporter • 29 Mar 2021
One in four small businesses intends to take out a borrowing product this year, providing a growing opportunity for...
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Brokers reveal the top trends in commercial finance
by Annie Kane • 26 Mar 2021
Businesses are increasingly looking to purchase commercial premises and turning to non-bank lenders to access relevant...
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ASIC to enforce BID under proposed RLO changes
by Malavika Santhebennur • 26 Mar 2021
ASIC has said that it will be responsible for administering and enforcing broker BID rules if and when the responsible...
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Major brokerage launches online community
by reporter • 26 Mar 2021
Brokers operating under the major brokerage are now able to access an online network community and video library to...
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Hot Property: The biggest property headlines from the week 22-26 March
by Reporter • 26 Mar 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 26...
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AFG adds short-term lender to panel
by Malavika Santhebennur • 25 Mar 2021
The aggregator has added a short-term private lender to its lender panel, marking the first time a short-term lender...
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Trainee incentive ‘game changer’ for brokers: brokerage
by Malavika Santhebennur • 25 Mar 2021
Loan Market has posited that the broking sector is “best placed” to take advantage of the government’s extension...
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Broker sentenced in false statement case
by Reporter • 25 Mar 2021
A NSW broker has been sentenced to good behaviour bond for failing to ensure that he did not make a false or misleading...
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NSW, Vic to ease COVID-related restrictions
by Reporter • 25 Mar 2021
The NSW and Victorian governments are moving to ease a number of COVID-19-related restrictions, effective this month.
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