We do not charge a fee for our services.
How do we get paid?
- When we arrange a loan for you, we’re paid a commission by the lender you choose – usually a bank or financial institution.
- This payment does not come out of your pocket. It doesn’t affect your interest rate or add to your fees in any way.
- The exact commission paid by your chosen lender will be clearly outlined in the credit proposal we provide to you before we proceed with your application.
- You will know exactly who’s paying us and how much – upfront.
- If you switch lenders or pay out the loan within the first six months, we’re required to repay the commission to the lender. That’s why it’s in our best interest to ensure we get the right loan for you from the start.
- And just so you know – if we spend time working together but it doesn’t lead to a loan application, we don’t receive any payment at all for our time or advice.
Learn More
Want to understand exactly how we get paid and what that means for you? We break it down clearly - no hidden fees, no surprises. You will learn how commissions work, why they don’t cost you anything, and how our success depends on getting your loan right from the start.
Please note: some specialist lenders or referral partners may charge a fee for complex loans (e.g. SMSF or commercial). Any such fee will be disclosed and agreed with you in writing before we proceed. We don’t charge you for the referral, but we may receive a commission from the partner – full details appear in our Credit Guide.
Our Commission Explained
UPFRONT
UPFRONT
UPFRONT
- Most lenders on our panel currently pay between 0.50 % and 0.75 % (ex-GST) upfront, and around 0.1 % - 0.2 % p.a.in trail.
- Example only: on a $400 000 loan an upfront commission of 0.66 % would be about $2 640 (ex-GST). The exact amount for your loan will appear in your Credit Proposal.
- The upfront commission is usually paid around a month after your loan has settled.
- If you refinance or pay out your loan within the first 12 months, the lender will claw back this commission in full.
TRAIL
UPFRONT
UPFRONT
- Lenders also pay an ongoing “trail” of around 0.1 % - 0.2 % p.a. of your outstanding balance.
- Example only: on the same $400 000 loan, a 0.16 % p.a. trail is about $53 in the first month and reduces as your balance falls. The exact amount for your loan will appear in your Credit Proposal.
- The trail commission is usually paid each month after the loan has settled.
- When you repay or refinance your loan this trail commission will stop being paid.
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