Accendo Finance & Banjo Loans

Watch Banjo Loans & Accendo Finance latest video which showcases useful tips that show brokers how to demonstrate to their business clients how their working capital cycle works.

The video series is being released on their LinkedIn page each month and it aims to provide high-quality key financial information.

Watch their third video here.

Resi Essentials Near Prime - How they can help

Essentials Near Prime is here to help with your clients that don't quite fit into the Prime space.

What Resi can help with under Essentials Near Prime:

  • Debt consolidation - unlimited
  • Business purposes
  • Payment of tax debt
  • Defaults, judgements and writs up to $2,000 per incident incurred at any time
  • Defaults, judgements and writs over $2,000 must be registered for 24 months
  • Discharged from bankruptcy (1 day)
  • No genuine savings required
  • PAYG Permanent full time or part time - no minimum employment term (probation considered) with clear credit conduct

Just to make this product more ir-resi-stible they waive valuation fees up to $300, and under their current promotion, there is no risk fee up to 70%. Please see linked fact sheet for more information on this great product.

SLA's are very important in delivering a great service to brokers and clients, they are pleased to announce that their credit team are still maintaining SLA's of 1 day for Pre-assessment and 3 days for credit.

For more information, please contact your BDM or Broker Support.For more information, please contact your BDM or Broker Support.

Brighten Evergreen

To celebrate the Chinese New Year, Brighten is pleased to announce their latest feature to their Non-Resident home loan product - Brighten Evergreen. You can now borrow up to $1m at 80%LVR for properties in Sydney, Melbourne and Brisbane metropolitan, or $750k for properties in other metropolitan cities.

Key product features of Brighten Evergreen (Non-Resident)

  • Available to Non-Residents or Residents borrowers with non-Australian sourced income
  • Variable rate from 3.88%p.a.*(comparison rate 4.42%p.a.#) up to $1m and 65%LVR
  • Variable rate from 4.28%p.a.2(comparison rate 4.81%p.a.#) up to $1m and 70%LVR
  • Variable rate from 4.68%p.a.3(comparison rate 5.30%p.a.#) up to $1m and 80%LVR
  • Max. Loan Size $2m
  • $0 Establishment Fee
  • $0 Settlement Fee
  • $0 Risk Fee up to $1.5m or 75%LVR | Loans > $1.5m +1% and Loans >75%LVR +1%
  • Risk fee can be capitalised^
  • 100% Redraw Offset Facility included for variable rate loans

*Available for new Brighten Evergreen (P&I) loans $1m and 65% LVR. 2. Available for new Brighten Evergreen (P&I) loans $1m and 70% LVR. 3. Available for new Brighten Evergreen (P&I) loans $1m and 80% LVR. An additional 0.3% p.a. loading is applicable for all Self-employed loans. Fees, charges and Terms and Conditions apply.
^When LVR is >75%LVR, the loan will be split into Account 1 at 70%LVR plus Account 2 10%. Risk fee can be capitalised to Account 2.
# The comparison rate is based on a secured loan of $150,000 and a term of 25 years.

*WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

For any questions please reach out to your BDM.

Welcome back to business with Deposit Power

Deposit Power welcomes you back to business with some exciting webinars that will help support your business.

Let's ACE 2022 together!

For more information on the different webinars, click here.

If you have any questions, refer to your Vow Financial BDM.