Lender Update

Azora recently hosted a special insights webinar with Authentik8 to discuss their simplified vehicle inspection process which gives you real-time visibility into seller submissions and verification checks.

If you missed the webinar, and would like to find out more, you can watch an introduction for brokers here and register with Authentik8 via the same link.

Azora have also reinforced their commitment to getting your customers one step closer to their dream car by catering for an extended set of circumstances including -

• Discharged or Current Bankrupts , PIX (Personal Insolvency Agreement) accepted
• Applicants with My Budget or similar budgeting services accepted
• Learners licence accepted
• Financial Defaults listed greater than 6 months accepted (no Auto Loan Defaults, 2 unpaid and or maximum $15000 in total aggregate)
• Accept most of Centrelink benefits and count 100% towards servicing even if Centrelink income is higher than the PAYG (Must be in addition to PAYG and minimum household income inclusive of PAYG & benefits $45000 gross pa)
• Accept continuous employment for our Car loan product 1-4, 7 & 8. Change of industry & probation is acceptable.

More information on this can be found here.

Firstmac have advised that they will be making the following changes to their Car Loan products, effective Wednesday, 9^th April 2025:

• 0.30% decrease for Auto fixed rates
• No change to variable car loan rates

Click here to access their new Car Loan Rate Sheet

MONEYME are excited to share that MONEYME Autopay has updated its pricing — with rate reductions up to 0.75% p.a.

These changes will take effect for all new applications from Wednesday, 9 April 2025.

Plus, they’ve increased our property owner discount to 1.5% p.a.

Their latest pricing guide can be found here.

Resimac would like to inform you about the implementation of a new process designed to streamline settlements, making your experience smoother and more efficient.

This enhancement is part of their ongoing commitment to provide you and your brokers with the best possible service.

What's New?

• Supporting conditions required prior to contract generation: This will ensure quicker and more straightforward settlements.
• The following will need to be uploaded to the portal before a deal can move to doc prep:
• Dealer sales: Tax invoice
• Private sales: Proof of ownership and all other supporting vendor documents
• Refinance: Payout letter
• Enhanced communication: Improved communication channels to keep you and your brokers informed at every stage.
• Faster turnaround: Expect faster processing times at settlement, helping you and your customers achieve their goals.

You can find out more here.