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non-major banks

Non-majors drop rates, extend cashback offers
by • 15 Oct 2021
Two non-major banks have confirmed they’re decreasing interest rates as well as extending their refinancing...READ MORE

Turnarounds improve despite record loan volumes: AFG
by Malavika Santhebennur • 14 Oct 2021
The number of days from submission to formal approval dropped during the first three months of FY22 despite broker... READ MORE

BOQ reports strong broker uptick

by Annie Kane • 14 Oct 2021
The non-major banking group saw broker channel growth of $1.1 billion in the financial year 2021, driven by “new and... READ MORE

Teachers Mutual flags new bank’s broker launch
by Sarah Simpkins • 14 Oct 2021
The group’s newly launched digital bank, Hiver, is looking to roll out loan products to the broker channel in the... READ MORE

BOQ begins offering SME Recovery Loan Scheme
by Malavika Santhebennur • 8 Oct 2021

The non-major bank will partake in the expanded scheme to support those impacted by the COVID-19 crisis.

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Turnaround times top broker concerns: MyState
by Malavika Santhebennur • 7 Oct 2021
Most brokers have rated lender turnaround times as their biggest current concern, while over 60 per cent cited concerns... READ MORE

Neobank now available to Finsure brokers
by • 7 Oct 2021

86 400 has confirmed that it has joined the lending panel of the Australian aggregation group. 

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Prospa chair to join HSBC board
by • 5 Oct 2021
The non-major bank has confirmed that the chair of business lender Prospa will join its board as a non-executive... READ MORE
Ron Galvan and Tony Stiles

MyState Bank welcomes new BDMs
by • 1 Oct 2021

The non-major bank has announced two inclusions to its BDM team, including a senior mortgage broker.

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Judo Bank commits to SME Recovery Loan Scheme

by Annie Kane • 28 Sep 2021
The SME bank will be participating in the revamped SME Recovery Loan Scheme, which will launch on Friday (1... READ MORE

Suncorp introduces green cashback bonus
by Annie Kane • 24 Sep 2021
The non-major bank is offering up to $3,000 to mortgage customers with solar systems installed on their... READ MORE

Former Westpac head of third party to lead BOQ business bank
by Annie Kane • 22 Sep 2021
The non-major bank has announced the appointment of a former Westpac head of third party as its new ​​group... READ MORE

Bank offers cash to green loan borrowers

by • 21 Sep 2021

The mutual lender has announced that its Green Home Loan offerings will now include a $2,000 cashback deal. 

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ING drops variable rates by up to 60 bps
by • 20 Sep 2021

The non-major bank has dropped the variable rates for its home loans by up to 0.60 per cent.

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New floor-plan finance product released
by • 14 Sep 2021
An SME lender has launched a new floor-plan financing offering, providing up to $3 million for showroom assets.... READ MORE

AUSTRAC flags broker fraud among banking risks
by Sarah Simpkins • 7 Sep 2021
The regulator has warned the banks they have high exposure to criminal activity, while reporting cases of... READ MORE

Suncorp to withdraw 2 lending offerings
by • 6 Sep 2021
The non-major bank has confirmed that it has begun the process of grandfathering and withdrawing two of its business... READ MORE

Mutuals escaping ‘vicious cycle’ in merger mania: S&P
by Sarah Simpkins • 2 Sep 2021
The rise in consolidation among mutual lenders has reflected changing attitudes from management amid escalated margin... READ MORE
Alan Logan

MyState hires former ANZ exec to lead wealth division
by • 1 Sep 2021
Non-major banking group MyState Limited has appointed a new general manager for its wealth management... READ MORE
Broker, big 4 dynamics shift benefits smaller banks: Auswide

Broker, big 4 dynamics shift benefits smaller banks: Auswide
by Sarah Simpkins • 30 Aug 2021
The non-major bank has eyed a turn in the relationship between brokers and the major banks, stating smaller players... READ MORE
Aggregator settlements up 42%

Aggregator settlements up 42%
by Malavika Santhebennur • 30 Aug 2021
Finsure has reported growth in settlements and its loan book for FY21, while its broker numbers have exceeded... READ MORE

Government unveils draft reforms for unfair contract terms
by Sarah Simpkins • 24 Aug 2021
The government has released a draft bill aiming to combat unfair contract terms, with proposed changes including the... READ MORE
MyState channelling brokers to maintain growth

MyState channelling brokers to maintain growth
by Sarah Simpkins • 23 Aug 2021
The non-major bank has doubled down on its investments in the broker channel, in an effort to keep expanding its loan... READ MORE
Brokers ‘integral’ to merged Heritage-People’s Choice entity

Brokers ‘integral’ to merged Heritage-People’s Choice entity
by Annie Kane • 19 Aug 2021
The broker channel will play a key role in distributing loans for the newly proposed Heritage Bank-People’s Choice... READ MORE
Auswide Bank announces new WA BRM

Auswide Bank announces new WA BRM
by Annie Kane • 18 Aug 2021
The Queensland-based bank has announced that WA brokers will soon have a new broker relationship manager,... READ MORE

Non-major bank sees resi book grow 15%
by Annie Kane • 17 Aug 2021
A non-major lender has revealed its residential mortgage book grew 15 per cent in financial year 2021, with total... READ MORE
Non-major found to have used unfair contract terms

Non-major found to have used unfair contract terms
by Annie Kane • 13 Aug 2021

The Federal Court has found that a non-major lender used unfair terms in standard form SME loan contracts.

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Commercial loan settlements record upswing: FAST

Commercial loan settlements record upswing: FAST
by Malavika Santhebennur • 11 Aug 2021
Commercial, business and asset finance lending surged in the June quarter, amid renewed business confidence, new... READ MORE

NAB to buy Citi for $1.2bn
by Annie Kane • 9 Aug 2021
The major bank has entered into an agreement to buy Citigroup’s Australian consumer business for approximately $1.2... READ MORE
Bank increases maximum loan amounts

Bank increases maximum loan amounts
by Annie Kane • 5 Aug 2021

A non-major bank has raised its maximum loan amounts by up to $900,000 for mortgage borrowers.

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