Lender Update
26.03.2025
Some exciting new rate drops from Angle and a massive announcement for their existing customers going live on Monday the 24th of March.
Rates starting at 6.49% for large loans!
For A+ customers who require a finance amount of $300,000 or more, they will be offering an additional 50 basis points discount.
Primary Assets starting at 6.49%.
Secondary Assets starting at 6.99%
Specifically targeting gold brick corporates with strong financials.
To ensure a smooth process under their full documentation assessment, they will require the following:
- 2024 final accountant-prepared financials (with 2023 comparisons) from related entities that capture the group’s cash flows
- Commitment schedule
- Current ATO portal statements showing 12 months of good payment history
400K Low Doc exposure for existing Angle Customers!
- Rewarding existing Angle customers with great account conduct. To qualify for additional exposure, our system will ensure customers have:
- Credit score of 600+ (company and individual)
- 3 Years ABN & GST registered
- Asset backed – spousal property accepted
- Minimum 12 months on book
- Comparable credit reference (50% of finance amount)
- Sole Traders & Tertiary Assets excluded
The product information sheet is available
here.
Azora are thrilled to announce the launch of their new commercial product, Accelerate, built for strong developing businesses with shorter trading histories, and the upgraded Streamline $250K.
To help you get started, they’ve put together a comprehensive Product Launch Pack and a new Product Guide, including detailed profiles of the types of customers these products are built for.
The Product Launch Pack is available here.
The Product Guide is available
here.
Metro Finance is decreasing rates by 25 basis points, effective for all new applications from Tuesday, 25th March 2025.
An updated rate sheet is available here.
