St. George Update

St. George is pleased to launch its new fixed-rate business lending offer, featuring its lowest business fixed rate in years.

Eligible new and existing business customers can now access the Bank' 2 and 3 year fixed rate loans from 2.39% p.a.1, 2 for fully or partially secured business loans up to $3 million.

To assist you in highlighting the key benefits of St. George's fixed-rate offer to your customers, we have also created a handy information sheet.

Offer Details

Customers New and existing
Product Business Loan fixed rate
Limit Up to $3,000,000
Rates Fixed interest rate from 2.39% p.a. for fully or partially secured business loans
Fixed period 2 and 3 years
Payment type Principal and interest or interest-only repayments
Fees and charges Our standard fees and charges apply
Timelines Applications must be submitted by 30 September 2021, with settlement by 30 November 2021
Loan Purpose Various business purposes including funding business expansion, capital investment, property investment and/or property acquisition

Standard eligibility, business credit policies, loan to valuation ratio security requirements and loan origination processes apply.

Fact Sheet

For any questions, please reach out to your BDM.

Resi Essentials Update

The Zero risk fee promotion on our Essential Options Alt Doc and Near Prime range has been extended until the end of August 2021.

The promotion is applicable for applications received up to the end of August 2021, Resi will waive the risk fee on the Essentials Alt Doc (up to 60% LVR) and Near Prime (up to 70% LVR) home loans. Minimum loan size of $250,000 is required. The loan must settle on or before 31 October 2021.

In addition to some fantastic rates, excellent SLAs and in-house service and product features, this waiver will result in a substantial saving. On an average loan size of $500,000, an applicant would save a whopping $3750!

This is, therefore a not to be missed opportunity for your clients.

Resi Essentials Prime Alt Doc Fact Sheet

Introducing Your New Vownet Trainer!

Celina Tramontini

National Platform Trainer

Recognising the critical role that the Vownet software plays in your business, and the need to ensure that you have the access to learning the software in a variety of ways, we are delighted to announce the appointment of a National Platform Trainer who will spend 100% of her time providing you training, support and guidance on the Vownet software.

Celina brings a wealth of experience from Resi Home Loans, also part of the YBR Group. Her position demanded frontline advocacy and played a vital role with ongoing projects for systems and process enhancements to meet business and customer needs.

Celina prides herself on building strong relationships and is passionate about helping people. She is dedicated to working closely with you to ensure that you get the best from the platform and that we collectively grow our network together.

As the National Platform Trainer for Vow, Celina's main responsibility will be to maximise the use of the Vownet platform across our extensive network of finance and mortgage brokers. This will be achieved through designing and delivering Vownet training and providing useful resources for our brokers.

You can reach out to Celina at any time via email: celina.tramontini@ybr.com.au.

Training Topics Now Welcome

Celina is already taking your suggestions on what training you need in the Ynet platform. Please submit your topic suggestions using this form.

ANZ Update

The ANZ Business Loan secured Fixed Rate Offer has been updated and extended until 31 October 2021.

Eligible customers can lock in a competitive fixed rate from 2.65% for 2 years on a secured ANZ Business Loan. Whether your customer is looking to grow or simply run their business, this fixed-rate business loan may be just what they're after.

FIXED FROM 2.65% p.a.

  • Fixed-term for 2 years
  • Borrow between $10,000 and $1,000,000
  • Secured on an ANZ Business Loan
  • New or increased lending only

Apply by 31 October 2021.

Rates may vary based on ANZ's credit criteria or your customer's financial circumstances. Refer to the Important Information below for all eligibility requirements.

Some of the benefits to taking out an ANZ fixed rate Business Loan are as follows:

  • Certainty of fixed repayments
  • Ease of use: Set up the terms of the loan once to provide capital funding and not actively manage daily transactions.
  • Repayment options including Principal and Interest or Interest Only
  • Choice of repayment frequency to suit your customer's business including monthly, quarterly or annual.

For any questions, please reach out to your BDM.

A Lot Has Changed in Two Years!

Launched in February 2019, Vow Professional has evolved and grown into more than just a place to catch up on webinar recordings or lodge your CPD claims.

Today the platform now features a whole range of exciting features and functions which make looking for information, lodging claims and developing your expertise even easier.

Watch the updated 'Welcome to Vow Professional' video to learn more.

Outsourcing Facility

In line with Sean's communication last week, the business has listened to your feedback and we are thrilled to inform you that we are working towards rolling out Vow Broker Services in cooperation with Bula Outsourcing. The objective behind this rollout is to provide you with lending administration support to allow you to focus on client engagement and new business opportunities.

Here are some details on the rollout:

  • We are currently running a pilot which commenced on Aug 1, 2021, and will conclude in the coming weeks.
  • Feedback from the pilot group has been extremely positive so far.
  • The assistant will be customised to your business and will become integral to the way you operate moving forward.
  • A full-time assistant is cost-effective if you are writing at least 8 -10 deals a month.
  • For those that don't want a full-time assistant, you can take the transaction model where you pay by the loan.
  • The 'Virtual Assistant' team is:
    • Located in Fiji
    • Is 2 hours ahead of Australia (but operates 7:00 am to 7:00 pm AEST)
    • All assistants are well educated with excellent communication skills
  • Rates (excluding GST)
    • $2,500pm for a full-time resource
    • $270 per loan

Hence, we circulated a survey last week to get an in-depth understanding of the level of support required. We request you to please set aside one minute of your time to complete this quick survey at your earliest.

Reach out to your BDM for any queries or questions.