Updated Calculator

Please be advised Adelaide Bank have updated their Genworth LMI Premium Calculator and is effective from 1 July 2021. There are no changes to premiums.

The new LMI calculator is attached and will soon be available via the Broker website.

If you have any questions please do not hesitate to contact your BDM.

Updated LMI Calculator

Ali A-Z Campaign

To celebrate Ali's new partnership with Zurich Australia and embed the changes introduced with their enhanced product, they are launching their exclusive A-Z broker campaign!

The A-Z of Client Protection

Running from the 1st of July until the end of August 2021 you' '' ' ' ... ' ' ll have many opportunities to benefit during the campaign.

Complete each task to qualify - it only takes a few minutes!

By completing a simple weekly education task based on a different letter each week, you will be able to participate in two ways.

Please refer to the attached brochure for full details.

Support for SMEs

The recent increase in COVID-19 cases from the more infectious Delta variant is a stark reminder of the risks around Australia's economic outlook.

Many businesses that had resumed normal activity and were growing strongly, now face increased uncertainty around future sales and cash flow.

During such volatile times, Earlypay's credit appetite remains unchanged and are ready to assist in providing SMEs with the working capital they need.

They have also added resources to process applications quickly so business owners can have cash flow certainty in these uncertain times.

If you would like to learn how our smart and simple Line of Credit unlocks working capital from unpaid invoices, please take a look at the attached brochure or contact your BDM for more details.

Suncorp Update

Suncorp's latest issue of Business Intuition, a dedicated Small Business & Commercial newsletter, provides brokers with insights and market information. You may have already received this but in case you didn't - click on the link to read your copy.

In this issue, Suncorp caught up with April Cavanagh, Suncorp Bank Agribusiness Executive Manager about current trends and issues facing the agri sector, including the banks unique agri proposition.

There are also articles aimed at taking the fear out of financials by breaking down key statements and metrics included in this issue. More importantly, this edition looks at the broker's role in uncovering the story behind the numbers and how that translates into a strong credit submission.

And, Suncorp's Senior Economist, Paul Brennan, presents his latest SME economic update!

New Rates

Subsequent to a number of enquiries Teachers Mutual Bank Limited would like to clarify some of their new product options as follows;

  • Fixed-rate expiry revert interest rates: Upon fixed rate expiry, should your client choose not to re-fix their loan, their loan product will revert to the applicable Variable rate. For example, Your Way Home Loan Fixed Rate will convert to Your Way Home Loan Variable Rate (P&I).
  • Their "Your Way Home Loan Plus" - Fixed LVR > 90% product options are available only to applications involving the First Home Loan Deposit Scheme (please find attached a revised interest rate attachment).

Previously advised

Updated Version

Interest Rates: New Home Loan Product Suite

*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.

Resi Promo Extended

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

The promotion is applicable for applications received up to the end of July 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 30 September 2021.

In addition to some fantastic rates, excellent SLA's 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.

Rate Card