RBA spurred into action on rate day

The major bank has accelerated its business lending expansion, driven by a deliberate pivot towards higher-margin commercial loans and direct-to-banker channels.

Brokers can now access near-instant quoting, automated lending decisions and live deal updates from SME lender OnDeck.

The non-bank has launched near-prime SMSF loans to help support SMSF borrowers with mortgage arrears, credit impairments and discharged bankruptcy.