Lender Update
05.03.2025
Starting 5 March 2025, MONEYME will be re-introducing payslips and casual employees for MONEYME Personal loans.
There are restrictions for both payslips and casual employees.
Personal Loans Payslip Conditions:
- If client owns home, must have Equifax score ≥ 600
- If client rents or is living with friends and family, must have Equifax ≥ 750
- Payslips must be provided in PDF
- Only available for full-time or part-time employment (i.e. not casual employment)
- Loading of 2% on interest rate where payslips are used
Personal Loans Casual Conditions:
- Equifax Score ≥ 800
- Non-Homeowners restricted to 36-month terms
- Funding capped at $30,000 or offer matrix
- Casual employment > 12 months
- Loading of 2% on interest rate
Further details can be found here.
Resimac have advised some changes to their Commercial Equipment and Asset Finance offering, effective from 1 March 2025.
These updates are designed to make things easier for you and to offer great deals to your customers.
You can read all the details here.
In line with changing market conditions, Shift have reduced their Asset Finance base rates for property owners as follows -
Annual Turnover Over $10M - 8.45% (-0.20%)
Annual Turnover Between $1.5M - $10M - 8.45% (-0.20%)
Annual Turnover Under $1.5M - 9.25% (-0.70%)
These changes are effective on Wednesday, 5 March 2025 for all new transactions.
