iscover 
The new assessment pathway allows eligible home owners and mortgage holders applying for unsecured personal loans to verify their income using payslips only, removing the need to provide bank statements as part of the application process.
Alex.Bank has also extended the validity of consumer asset finance pre-approvals from 14 days to 30 days.
According to the bank, the changes are designed to reduce complexity for borrowers while improving turnaround times for eligible applications.
The bank said the streamlined home owner assessment process was aimed at creating a faster application experience for qualifying customers, while the extended pre-approval period would provide greater certainty for borrowers navigating vehicle and asset purchases.
Alex.Bank also said that it continues to offer a no-fee proposition on unsecured personal loans, with no establishment fees, monthly account fees, early repayment fees, or early termination fees.
“Brokers told us they want a banking partner who can help them move faster without adding unnecessary complexity for their customers,” CEO Simon Beitz said.
“This enhancement is designed to do exactly that. We’ve removed the need for eligible customers to provide bank statements, while maintaining the responsible lending standards customers and brokers expect from a bank.”
Chief commercial officer Steven Degetto said the streamlined assessment process was generating positive results across the broker channel.
“We’ve seen exceptional growth across our broker channel throughout 2026, with strong momentum in applications, settlements, accreditations and broker engagement across Australia,” Degetto said.
“The changes we’ve implemented have created a faster, simpler way to lodge, with less rework, fewer follow-ups and more privacy for customers.”
Innovation in action
As AI, automation, and digital lending continue to reshape broking, standing still is no longer an option.
Broker Daily’s Broker Innovation Summit 2026, in partnership with NextGen, will bring together some of the industry’s brightest minds to explore how brokers can turn technological change into a competitive advantage.
Taking place in Sydney on 24 June before heading to Melbourne on 3 July, the summit will feature technology and AI leaders Pete Williams and Seth Watts, alongside a line-up of industry experts sharing no-fluff practical strategies to help brokers work smarter, improve client experiences, and future-proof their businesses.
The industry’s leading innovators will also be recognised at the inaugural Broker Innovation Awards, taking place in Sydney on 24 June, celebrating the individuals and businesses pushing the profession forward.
Get tickets for the summit here and the awards here.
[Related: Google has drawn a line between search and AI, most brokers haven’t noticed]
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