3 minute read
Lenders
by Key Media
NEWS LENDERS
MOULA JOINS PANEL AT LA TROBE FINANCIAL AGGREGATOR FAST RETAINS SUPERIOR RATING
LA TROBE FINANCIAL has retained its status as a “superior” lender, despite a year of upheaval in the fi nancial industry. The non-bank received a 4.25-star rating from funds rating agency SQM Research. “We’re really pleased that we have the highest-rated fund in that sector. That’s a ... confi rmation for our business but also for our investors about the quality of the investment selection disciplines that we put in place,” said La Trobe Financial CIO Chris Andrews.
MORTGAGE EZY MARKS 20TH ANNIVERSARY
NON-BANK lender Mortgage Ezy has celebrated 20 successful years in mortgage broking. Established in April 2001, it started out as a disruptor, placing itself on the side of brokers, and built a reputation for being accessible and agile. “Culture eats strategy for breakfast, and when the going gets tough, the tough get going,” said group executive chairman Peter James. Mortgage Ezy has won a number of Non-Bank of the Year titles at the Australian Mortgage Awards.
Alf Vasta Head of broker distribution, MoneyPlace
Alf Vasta, head of broker distribution, MoneyPlace
MONEYPLACE ATTRACTS BROKERS WITH MARKET-LEADING LOAN LIMIT
Personal lender MoneyPlace has increased the limit on its unsecured loans to $80,000 and is encouraging brokers to diversify into this space
MONEYPLACE has raised the bar on personal loans things like that, tidying up their property, and there’s not enough in Australia, o ering a new equity in their home loans. market-leading $80,000 We’re really looking to help unsecured loan – and it is inviting brokers to help them fi nd a brokers to enter the personal loan stop-gap solution for their clients. marketplace to take advantage of As we don’t have any exit penalties its new o er. or monthly fees, we’re really seeing
Alf Vasta, head of broker it as a good opportunity. distribution, said it was the broker “I’ve ticked two years here at channel that had compelled MoneyPlace as head of broker MoneyPlace to o er this new, distribution, and my mantra has market-leading product. been positioning personal loans in
“It’s just feedback from the the broker channel. We’re starting broker market,” he said of the to make some real headway on the lender’s decision to set the new back of it. limit. “More and more clients are “We do unsecured personal focusing on doing renovations and loans, and we’ve just launched $80,000 unsecured, which is the largest unsecured loan amount in the marketplace. It’s market leading. That’s pretty exciting for us … we’re trying to target clients looking to do renovations, purchase assets and things like that using an unsecured personal loan.”
Vasta said brokers should be excited about getting into the personal loan marketplace because it o ers them several options that their traditional mortgage business can’t, as well as the potential to increase earnings.
This includes brokers converting more of their core business by helping clients who are trying to lodge a residential home loan or an asset car loan with debt consolidation.
“The other thing is that it gives the broker the opportunity to increase their market opportunities and generate new business.”
Greg O’Neill President and CEO, La Trobe Financial
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