Finstro's Kick Start 2022 extended

Did you notice that Finstro's Kick Start 2022 was extended?

FINSTRO LOC Facility(Supplier Payments, Receivables & Cash-Out)

  • 4.40% GST Inc (For every & each new settlement/origination)
  • Plus, Trail
  • Are your customers back trading? Facing supply issues?
  • Are stock levels adequate or appropriately stocked? Perhaps need to increase stock levels higher than normal to cover supply chain shortages
  • Are recurring expenses covered for peace of mind?
  • Perhaps they need additional 'cash' for staff

FINSTRO CARD

  • 5.50%GST inc (On each new customer approved limit)
  • Up to 44 days interest-free
  • Tap n Go functionality
  • Use for small expenses, like fuel etc
  • Pay supplier invoices by taking a photo
  • Roll any transaction or purchase into 3- or 6-months instalments
  • Switch or extend repayment plans
  • Increase asset borrowing capacities
  • Use wherever Mastercard is accepted

Just let Finstro know their name and contact number, and they will do the rest. It's as easy as that!

For any questions please reach out to your BDM.

Resi Essentials launches new Serviceability Calculator

The Team at Resi have been hard at work building their new calculator, which has been re-built based on feedback they have received from their broker network.

The new calculator will simplify the application process by :

  • Introducing a new design - clean and simple look and feel
  • Reduce the time taken to complete a serviceability assessment
  • Provide brokers the ability to view the maximum borrowing capacity - as a guide for how much applicants can borrow
  • Enable brokers to change information in any section without having to recommence the assessment process
  • New and Improved Self Employed worksheet and Includes the BAS worksheet to assist with Alt Doc applications
  • PLUS a whole lot more

Resi will continue to accept deals submitted with the current version of the calculator up until Sunday 6 March 2022, after which time the serviceability aspect to the loan application will need to be resubmitted.

The new branded Calculators will be available in VowNet and the Resi website from Monday 21st February.

As always, they would love to hear any feedback you have.

If you have any questions, please reach out to your BDM or Broker Support.

ANZ is simplifying refinance to make approval faster

ANZ is making it easier for your clients to refinance.

With ANZ's new rapid refinance process clients could receive approval of their application within days for business lending up to $1m. It's available to clients wishing to refinance business lending they currently have with ANZ or another lender.

Eligible clients require just two pieces of documentation to include with your client's loan application.

  • A new Business Credit Application form
  • 12 months business loan statements if lending is with another lender (alternative: if lending is not with ANZ)

Eligibility and credit criteria apply for the ANZ rapid refinance process, including the customer demonstrating a good repayment history and the refinanced loan not increasing the customer's current repayments. For more information, click here.

ANZ also has a great offer in the market, making it another reason for your clients to switch and save:

For loan applications of less than $1 million submitted by 9 May 2022, ANZ may be able to provide your clients a competitive variable ANZ Business Loan starting from 2.59% p.a.*

Eligibility and credit criteria apply to their rapid refinance process and rate offer. For more information, click here.

* Security required. Limited offer interest rate which may change.

To learn more about ANZ's rapid refinance process or other Business Lending offers currently in the market, please don't hesitate to contact your ANZ Business Development Manager or ANZ Business Banker.

Important Information:

This is a summary only and is designed to provide general information so you can better assist your clients with their lending needs. Refinancing a loan may mean it takes longer to pay off, so your client may end up paying more interest over the life of the loan.

Terms and conditions, fees and charges, and credit approval and eligibility criteria apply to ANZ loans, including that the loan purpose and loan security are acceptable to ANZ. Your clients should read the applicable terms and conditions (available on application) before acquiring an ANZ product.

Rate offers cannot be used in connection with, or in addition to, any other promotions, and can be changed or withdrawn at any time.

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

Brighten Boss Prime Interest Rates

Brighten Boss Prime Interest Rates - Effective 18 Feb 2022

Effective 18th February 2022 - the following interest rates are available for new Brighten Boss Prime home loan applications.

Features of Brighten Boss Prime

  • $0 RISK FEE
  • Max. Loan Size $1.5m at LVR 80%
  • 100% Redraw Offset Facility available
  • Designed specifically for self-employed borrowers seeking Alt Doc home loan solution

For more information, read more below.

*Available for new Brighten Boss Prime loans (OO P&I) 65%LVR. Fees, charges and Terms and Conditions apply. # 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.

Key product features of Brighten Boss Prime (Alt Doc)

  • Variable rate from 2.89%p.a.*(comparison rate 2.96%p.a.#) up to 65%LVR
  • Variable rate from 2.99%p.a.2(comparison rate 3.06%p.a.#) up to 70%LVR
  • Variable rate from 3.09%p.a.3(comparison rate 3.16%p.a.#) up to 75%LVR
  • Variable rate from 3.19%p.a.4(comparison rate 3.26%p.a.#) up to 80%LVR
  • $0 Risk Fee
  • Max. Loan Size $1.5m at LVR 80%
  • 100% Redraw Offset Facility available

Key product features of Brighten Boss (Alt Doc)

  • Variable rate from 3.79%p.a.5(comparison rate 3.89%p.a.#) up to 70%LVR
  • Variable rate from 4.29%p.a.6(comparison rate 4.42%p.a.#) up to 80%LVR
  • Min. 1 day GST registration
  • Max. Loan Size $2m
  • Max. LVR 80%
  • 100% Redraw Offset Facility available

*Available for new Brighten Boss Prime loans (OO P&I) 65%LVR. 2. Available for new Brighten Boss Prime loans (OO P&I) 70%LVR. 3. Available for new Brighten Boss Prime loans (OO P&I) 75%LVR. 4. Available for new Brighten Boss Prime (OO P&I) loans 80%LVR. 5. Available for new Brighten Boss loans (OO P&I) 70%LVR. 6. Available for new Brighten Boss loans (OO P&I) 80%LVR. An additional 0.5% p.a. loading is applicable for loans >$1.5m. Fees, charges and Terms and Conditions apply. # 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.

Key product features of Brighten Boss Prime (Alt Doc)

  • Variable rate from 2.89%p.a.*(comparison rate 2.96%p.a.#) up to 65%LVR
  • Variable rate from 2.99%p.a.2(comparison rate 3.06%p.a.#) up to 70%LVR
  • Variable rate from 3.09%p.a.3(comparison rate 3.16%p.a.#) up to 75%LVR
  • Variable rate from 3.19%p.a.4(comparison rate 3.26%p.a.#) up to 80%LVR
  • $0 Risk Fee
  • Max. Loan Size $1.5m at LVR 80%

100% Redraw Offset Facility available

Key product features of Brighten Boss (Alt Doc)

  • Variable rate from 3.79%p.a.5(comparison rate 3.89%p.a.#) up to 70%LVR
  • Variable rate from 4.29%p.a.6(comparison rate 4.42%p.a.#) up to 80%LVR
  • Min. 1 day GST registration
  • Max. Loan Size $2m
  • Max. LVR 80%
  • 100% Redraw Offset Facility available

*Available for new Brighten Boss Prime loans (OO P&I) 65%LVR. 2. Available for new Brighten Boss Prime loans (OO P&I) 70%LVR. 3. Available for new Brighten Boss Prime loans (OO P&I) 75%LVR. 4. Available for new Brighten Boss Prime (OO P&I) loans 80%LVR. 5. Available for new Brighten Boss loans (OO P&I) 70%LVR. 6. Available for new Brighten Boss loans (OO P&I) 80%LVR. An additional 0.5% p.a. loading is applicable for loans >$1.5m. Fees, charges and Terms and Conditions apply. # 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.