Moneytech has created some educational video clips

Moneytech wants to support more awareness to brokers, as to what the value their role can provide to clients through educational video clips that can be shared.

Check out the third video in their video series here.

For any questions, please reach out to your BDM.

Prime Capital launched an exciting offer

To commemorate Prime's 25th Anniversary, they are running a Rate Freeze offer.

For any eligible deals that settle before 23 December, Prime Capital will freeze the rate until 30 April 2023.

Offer details:

  • Residential & commercial securities only (excludes land)
  • Capital & selected metropolitan areas
  • Loans must settle before 23rd December 2022
  • Rate at settlement will be fixed until 30th April 2023
  • Rate reverts to the normal carded variable rate 1st May 2023
  • Excludes Business Lo Doc loans
  • Excludes loans that have taken advantage of other special offers

For more details: or contact broker support at 1300 766 076 or

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

Banjo Express Limit increased to $250k

As we move into November and approach what's typically a busy period for SMEs and business lending, Banjo is continuously looking for ways to help you better support your SME customers.

Banjo Express Limit Increase to $250k

Due to the success of Banjo's bank statement analysis solution, Banjo Express, they are increasing the limit to $250k. You will be able to apply for Banjo Express loans up to $250k over 6 or 12-month terms on behalf of your clients, with fast decisions and less paperwork.

Banjo also continues to provide a range of Working Capital and Asset Finance solutions with loan amounts up to $1m per ABN and terms up to 5 years.

Partner Bonus Booster Campaign - earn a bonus of up to $10k*

Banjo is kicking off their Bonus Booster Campaign for new deals settled from 1 November 2022 to 31 January 2023. Earn up to $10k on top of your existing commissions by referring multiple new deals by the end of January 2023. Here's a summary of how it works:

  • Settle 2+ new loans totalling min. of $250k = $2,500 bonus
  • Settle 3+ new loans totalling min. of $500k = $5,000 bonus
  • Settle 4+ new loans totalling min. of $1m+ = $10,000 bonus.

Click here for more information about the campaign.

Any questions please contact your relevant BDM listed below:

Nick Rogers, BDM - VIC, SA, NT 0421 808 508

Jason Gatt, BDM - TAS 0434 019 725

Andy Walker, BDM - NSW 0432 409 768

Phillip Fletcher-Knowles, BDM - QLD 0428 827 174

Adam Doyle, BDM - WA 0409 377 525

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

Brighten Interest Rate Update

The Reserve Bank of Australia (RBA) raised the official cash rate by 0.25% on the 2nd of November 2022. In response to the cash rate decision, Brighten has made the following changes to Brighten home loan products, effective 21st November 2022.

1. Alt Doc
The following interest rates are now applicable to new Brighten Boss Prime and Brighten Boss home loan applications.

2. Full Doc
The following interest rates are now applicable to new Brighten Empower Prime and Brighten Empower home loan applications.

3. Expat (Full Doc)
The following interest rates are now applicable to new Brighten Elevate home loan applications.

4. Non-Resident
The following interest rates are now applicable to new Brighten Evergreen home loan applications.

5. Brighten Premium (188B/C Visa Holders)
The following interest rates are now applicable to new Brighten Premium home loan applications.

^Of the loan amount. #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.

Brighten has an SLA of 48 hours from receipt of a fully completed and eligible application to conditional approval. Work with Brighten to provide the best experience for your customers with the expertise of their professional team by your side.

For any questions please reach out to your BDM.

Credit Fix Solutions created a Credit Reporting Essentials Guide

Are you up to date with credit reporting?

Credit Fix Solutions have compiled a fantastic Credit Reporting Essentials Guide.

Download your very own free copy here.

Why you should use Credit Fix Solutions' guide:

You can share the guide with your clients so that they can run their own credit reports, fix things themselves and then complete the checklist to get back to you to start the finance process.
Does your team completely understand credit reporting? Simply share the guide with them to get them up to date.
Isn't it nice to just share some educational tips with your clients?

Any questions regarding credit reports, feel free to call your BDMs at Credit Fix Solutions:

Emilija Grubisic 0426 869 534 - NSW / ACT
Mary Dagres 0415 707 957 - QLD / VIC / TAS / SA
Sharmeen Rakhi 0415 530 293 - WA

Or feel free to reach out to their CEO Victoria Coster on 0416 52 52 33.

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

Millbrook Group is open for business

Millbrook is open for business, please see below two transactions completed last month.

1st RM

LVR: 50%

Loan amount: $400,000

Rate: 8.25%

Valuation not required - 50% of rates notice

2nd RM

LVR: 70%

Loan amount: $1,600,000

Rate: 17%

Mez funding for a multi-unit development behind ING

"A big note of thanks to some stellar Vow Brokers who we have recently transacted some quality transactions with us in Steve Dimer and John Bubis"

Thanks John for the kind words "I have found George and Caine great to deal with throughout my 3 recent deals we have done. I pride myself on customer service with prompt replies and answers. I have found Millbrook easy to deal with and they have supported my values."

Millbrook is pleased to be a part of the VOW panel going forward, a massive thank you to Glen and Rohan for your ongoing support.

For any questions, please reach out to your BDM.

Moneytech just released a Christmas Special

Moneytech has a great offer for you and your clients!

For any new clients who settle a Line of Credit facility before the 31st of December 2022 Moneytech will waive:

  • the $795 Application Fee
  • up to 8 weeks of no repayments!
  • Easy online application

This is ideal for any of your clients who need a facility of up to $250,000 to purchase stock, materials or equipment for busy periods e.g retailers and/or trades that need to pay subcontractors over Christmas.

For every Line of Credit you refer and settle with Moneytech, we will give you a $1,000 gift card!

This deal will end on the 31st of December 2022, so to find out more please reach out to your Moneytech BDM or click here and one of our BDMs will reach out!

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

Resi Essential Options Enhanced!

Resi is pleased to announce, the launch of monthly LMI and 40-year loan terms, under their Essentials range.


Resi has made changes to their Essential Options Home Loan product, increasing the maximum LVR to 95% (inc. LMI)

With the increase in LVR, they are also introducing Monthly LMI Premium payments.

Traditional Lender's Mortgage Insurance needs to be paid upfront (at loan settlement) and therefore provides a financial impost on borrowers who are already deposit-constrained. Monthly LMI provides an alternative solution for customers.

What is Monthly LMI?

A monthly LMI is an alternative way of paying for Lender's Mortgage Insurance. Rather than an upfront payment which can equate to many thousands of dollars, a monthly amount is charged following the settlement of the loan. With monthly LMI, the premium stops if you sell the property, refinance the loan, or pay the loan down to a pre-specified Loan to Value Ratio (in Resi's case that is 75%).

Advantages of Monthly LMI

  • Homeownership becomes a reality sooner without having to pay for a once-off LMI premium
  • The Monthly LMI premium does not affect the LVR being applied for
  • Payments cease once the property's Loan to Value ratio reaches 75%
  • Monthly LMI premiums will cease if the loan is refinanced or paid out
  • Available for Owner Occupied and Investment purposes

How does it compare to traditional LMI costs?

Traditional LMI provides the lender with coverage for the entire life of the loan (normally 30 years). It is not transferable between lenders and outside of certain circumstances, there are no refunds available for traditional Lenders Mortgage Insurance products. Traditional LMI becomes a sunk cost, even if the intention is to only hold a particular property for a period of 3 - 5 years.

Who does it benefit?

  • Borrowers who would normally access 95% plus capitalised LMI, with a competitive interest rate and fee structure home loan.
  • Borrowers that may be looking to sell and upgrade their property within the space of 5 years.
  • Those that are looking to enter the market sooner and want to maximise their equity contribution.


A 40-year loan term is now available through Resi's Essentials Near Prime product.

A 40-year home loan offers benefits to homebuyers who require an alternate option to the conventional 30-year mortgage.

Benefits include:

  • Homeownership for First Home Buyers becomes a reality
  • Lower repayments on the same loan amount.
  • A new option for home Investors

Policy around the 40-year term is designed to suit applicants in the early stages of their career or are First home buyers looking to enter the property market and supported by Resi's flexible and commercial approach to exit strategies.

*Conditions apply. Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply. Offers may be continued, withdrawn, or changed at any time without notice.

To check out Resi's Essential Options Niches, click here.

For more information, please see their website, alternatively please contact broker support or your BDM.