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The latest Broker Pulse: Commercial Lending report has shown that the major banks – The Commonwealth Bank of Australia (CBA), ANZ, NAB, and Westpac – were the most popular lenders of choice for commercial brokers over March 2025.
The survey was conducted by Agile Market Intelligence in partnership with CAFBA between 3 and 24 April 2025, gathering responses from 238 mortgage, finance, and commercial brokers, including 115 active commercial brokers.
For commercial mortgages, NAB and ANZ were tied for the two top spots, with 31 per cent of brokers saying that they used these banks in the three months to March 2025. Also tied for spots three and four were CBA and Westpac, with 22 per cent of brokers reporting their usage of these banks for commercial mortgages.
La Trobe Financial took the top spot among the non-bank lenders and non-major banks, with 11 per cent of brokers reporting its usage, followed by Judo Bank at 10 per cent and Pepper Money and Liberty Financial tied at 8 per cent.
Suncorp Bank and St. George Banking Group rounded out the top 10 for mortgages at 5 per cent and 4 per cent, respectively.
Business loans
The survey further revealed ANZ as the top most used lender for business loans at 27 per cent; however, the major bank dominance seen for commercial mortgages was split between non-bank counterparts.
Business lender Shift maintained the number two slot for business loans, with 21 per cent of brokers reporting its usage, slightly down from when it tied with ANZ at 23 per cent in February 2025. Shift outperformed NAB (in the third spot at 20 per cent) as well as Westpac and CBA (14 per cent and 13 per cent).
Prospa came in at number four with 15 per cent of brokers reporting usage, while Lumi (10 per cent), Judo Bank, and Dynamoney (tied at 8 per cent) and Moula (7 per cent) closed out March in the top 10.
Asset finance
Westpac continued its prominence in the asset finance division of the survey at 40 per cent broker usage, while its major bank competitors CBA and NAB (15 per cent and 14 per cent) were far outperformed by other non-banks and non-major lenders.
Angle Finance came in second for broker usage at 31 per cent, closely followed by Metro Finance at 30 per cent. Brokers reported usage of Capital Finance, Flexi Commercial, and Pepper Money in the low- to mid-20s (25 per cent and tied at 23 per cent), followed by Dynamoney at 18 per cent and BOQ at 17 per cent.
[RELATED: Brokers’ favourite lender for business loans that’s outdoing the majors]
