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New SME Recovery Loan Scheme welcomed
12 March 2021
New SME Recovery Loan Scheme welcomed

Lenders have welcomed the government’s new SME Recovery Loan Scheme for businesses receiving JobKeeper, citing it as a “thoughtful extension” to the hardest-hit businesses.

Small-business finance platform enters market
12 March 2021
Small-business finance platform enters market

A new finance platform that allows small businesses to access equity, grants and loans has launched in Australia.

Arrears rise as mortgage relief periods end: S&P
10 March 2021
Arrears rise as mortgage relief periods end: S&P

Australian mortgage arrears are starting to rise as fiscal stimulus measures taper and mortgage relief periods end for many borrowers, but economic recovery and lower interest rates are ...

Major bank slashes fixed rates
10 March 2021
Major bank slashes fixed rates

Westpac has lowered mortgage rates across the banking group on its fixed rate owner-occupier and investment loans by up to 20 bps, effective 9 March.

Tasmanian HomeBuilder applications 3x over forecast
10 March 2021
Tasmanian HomeBuilder applications 3x over forecast

The popularity of HomeBuilder in Tasmania has delivered a threefold increase in applications over initial forecasts.

Broker market share will hit 70% in 5 years: Aussie CEO
8 March 2021
Broker market share will hit 70% in 5 years: Aussie CEO

The CEO of Aussie Home Loans, James Symond, has forecast that broker market share will hit 70 per cent in the next five years, as more consumers turn to brokers for credit advice.

Non-bank lender commits to pay equity
8 March 2021
Non-bank lender commits to pay equity

Brighten Home Loans has committed to closing the gender pay gap in the financial services industry, with its managing director appointed a Pay Equity Ambassador.

Plenti launches green BNPL finance
5 March 2021
Plenti launches green BNPL finance

The non-bank lender has announced the launch of specialist interest-free finance option for renewable energy technology.

BOQ-ME Bank deal to create sixth largest bank
5 March 2021
BOQ-ME Bank deal to create sixth largest bank

The ME Bank acquisition will widen Bank of Queensland’s customer base to more than 1 million, according to new data from Roy Morgan.

Wisr facility upsizes again
5 March 2021
Wisr facility upsizes again

The personal lender has confirmed that its warehouse loan funding facility has been increased to $350 million.