ANZ Update

In April 2020 ANZ announced that customers whose businesses had been affected by the financial impacts of COVID-19 could request a six-month payment deferral on loan repayments for term loans, with interest capitalised.

Customers were advised of their new payment terms and when payments would fall due again. They were also given the opportunity to contact ANZ to discuss if any further assistance was required.

If your customers require further support:

  • They should talk to their accountant or financial adviser about their cash flow over the coming months
  • If they need additional help, they can contact their ANZ Banker or call 1800 956 421 (Mon - Fri, 8.30 am - 6.00 pm AEST) or request a callback.

For further information, please take a moment to read ANZ's Frequently Asked Questions.

Phase 2 of the Australian Government SME Guarantee Scheme

ANZ Next Step Business Loans: No matter what's next for your customers' business, ANZ has them covered with a low variable-rate business loan that's part of the Australian Government SME Guarantee Scheme. Your customers' could borrow up to $1m for up to 5 years to manage or invest in their business.

  • Low variable-rate loan
  • No loan approval fees or loan account fees
  • Unsecured and secured loans2
  • Find more details here

Eligibility

Australian Government SME Guarantee Scheme criteria apply. ANZ's standard credit approval criteria apply.

How can customers apply? Guide your customer through ANZ's lending options

ANZ can work with you to help determine if your customer is eligible, or if another option may be better suited to the needs of their business.

Action:

  • Refer to the attached FAQs for further information.
  • Please contact your BDM for any queries

Updates from Bluestone

Please see the below updates from Bluestone:

  • Effective immediately for all new applications, investment loan loading is reducing to 0.25%. Therefore, Bluestone's lowest investment loan rate is now 2.84% (comparison rate of 2.86%)*.
  • Effective 1 October, the gross rental income taken to servicing is increasing to 70%.
  • They have also increased the max LVR to 85% and max loan amount to $1m on hundreds of non-metro locations across NSW, VIC and QLD for Prime full doc loans. Please refer to the ASL calculator
  • Bluestone will continue to waive the $590 establishment fee on all Prime full doc loans paying principal and interest

For further information on these policy changes, please speak to your BDM.

*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.

Bankwest Survey

As part of Bankwest's commitment to brokers, they have put together a survey to see what content you would find interesting or useful. This is to ensure that the content being delivered to you is relevant and valuable to you. Hence, it would be of great help if you can take 2 minutes of your time to complete this short survey.

Click HERE to start the survey.

Thinktank Update

To alleviate some of the financial burden experienced by your SME clients, Thinktank will fully reimburse the cost of the valuation fee* on settlements.

This applies to any Commercial Full Doc deal submitted by 30 November 2020**, for property values between $500,000 and $3,000,000.

To find out more contact one of ThinkTank's Relationship Managers below to discuss.

Paul Burns | Senior Relationship Manager - NSW

pburns@thinktank.net.au

0434 609 241

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Amod Mahatme | Relationship Manager - VIC

amahatme@thinktank.net.au

0466 632 212

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Kat Gasparovic | Relationship Manager - QLD

kgasparovic@thinktank.net.au

0405 815 287

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Tony Zaccari | Senior Relationship Manager - SA

tzaccari@thinktank.net.au

0403 758 514

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Dev De | Senior Relationship Manager - TAS

sde@thinktank.net.au

0466 576 338

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Robyn Hadlow | Business Development Manager - ACT

rhadlow@thinktank.net.au

0406 857 708

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Adam Hutcheson | State Sales Executive - WA

ahutcheson@thinktank.net.au

0434 609 239

*Valuation fee deducted from the Establishment Fee payable upon settlement

**Or until the offer is withdrawn