---
title: Alpha’s reduced both variable and fixed rates
description: AFG Home Loans Alpha is a trusted lender backed by Bendigo and Adelaide Bank, now the sixth-largest bank* in Australia and recently retained the title of Australia's most trusted bank for the third consecutive quarter.
image: https://afgonline-com-au-2946851.hs-sites.com/hubfs/AFGHL_Alpha_rates-drop.png
---

# Alpha’s reduced both variable and fixed rates

[ AFG ](http://afgonline-com-au-2946851.hs-sites.com/pm-update/author/afg) 31 January 2023 9:42:16 AM

![](https://afgonline-com-au-2946851.hs-sites.com/hubfs/AFGHL_Alpha_rates-drop.png)

AFG Home Loans Alpha is a trusted lender backed by Bendigo and Adelaide Bank, now the **sixth-largest bank*** in Australia and recently retained the title of [Australia's most trusted bank for the third consecutive quarter](https://www.brokernews.com.au/news/breaking-news/bendigo-bank-again-ranked-australias-most-trusted-bank-281666.aspx?utm_source=GA&e=aGF5ZGVuLmN1c2hAYWZnaG9tZWxvYW5zLmNvbS5hdQ&utm_medium=20221215&utm_campaign=ABW-Newsletter-20221216&utm_content=78184054-6908-4EE1-9B29-E8CFAC6DF88D&tu=78184054-6908-4EE1-9B29-E8CFAC6DF88D&_hsenc=p2ANqtz--QsRVvefsfy8wex4WoU957639vvvVBqosyYwXMfJd5roWjeLR22zMkPXRKGbaB_hMsIET8).

In late December 2022, Alpha reduced its **fixed rates** and from Wednesday, 1 February, it will also reduce its **variable rates** for new business between 20 and 36 basis points.

## **Sharp variable and fixed rates up to 80% LVR**

 

![](https://afgonline-com-au-2946851.hs-sites.com/hubfs/image-png-Jan-31-2023-12-46-24-6250-AM.png)

 

**Suited for self-employed**

Sometimes your customers need a loan that's flexible. Particularly if they're **self-employed** and need that flexibility when **providing income verification**. AFG Home Loans Alpha is well-suited to self-employed borrowers.

 

Alpha has the policy niches that make it ideal for your self-employed customers, such as;

- With Alpha,** 1 year financials are accepted** (looking for 1 year figures, with minimum requirement of 24 month ABN registration)
- Alpha can **exclude company debts** if there are no interest, depreciation, or Instant Asset Write Off addbacks
- Alpha will lend to **company and trust structures** (refer to your BRM for acceptable structures)

Not only are Alpha’s policies suitable for self-employed customers, but Alpha also has a **100% offset facility** with Visa Debit access for **both fixed and variable** loans.

 

**Fee waivers extended**

Since October last year, Alpha continues to waive its $199 settlement and $299 processing fees! Now these fee waivers include Owner Occupied sub 80% fixed rate new business loans.

 

Do you have a scenario? Complete this [template](https://afgonline-com-au-2946851.hs-sites.com/hubfs/AFG-Home-Loans-scenario-template.pdf) and send it to [alphaassist@adelaidebank.com.au](mailto:alphaassist@adelaidebank.com.au). Alternatively, speak with your BRM today to discuss how an Alpha loan can work for self-employed borrowers.

 

For the full Alpha **specifications, niche polices, **and latest** ratecard**, visit [Lenders](https://lenders.afgonline.com.au/afg-home-loans/afg-home-loans-alpha/). 

 

* Source - [10 Biggest Banks in Australia | Savings.com.au](https://www.savings.com.au/home-loans/who-are-the-biggest-banks-in-australia?utm_campaign=Alpha_Edge_Supporters_OCT22&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--QsRVvefsfy8wex4WoU957639vvvVBqosyYwXMfJd5roWjeLR22zMkPXRKGbaB_hMsIET8)

[Lender Spotlight](http://afgonline-com-au-2946851.hs-sites.com/pm-update/tag/lender-spotlight)

[6 September 2022 11:52:59 AM

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Championing home ownership

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