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.

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

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 and send it to 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. 

* Source - 10 Biggest Banks in Australia | Savings.com.au