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Banjo Loans lifts Business Loan Express limit to $750k
Banjo Loans has increased the maximum loan size for its Business Loan Express product from $500,000 to $750,000, giving SMEs access to larger loans through its bank statement assessment process.
The product assesses applications using 12 months of bank statements and ATO portal data, with applications taking as little as 10 minutes and funding available in 24–48 hours once approved.
Banjo said demand for the product has been strong, with applications increasing by 300 per cent in the first month after the $500,000 limit was introduced in 2025.
Mortgage Choice launches 98% LVR white label with Skip
Mortgage Choice has partnered with non-bank lender Skip to launch a new white label home loan offering lending up to 98 per cent LVR for eligible borrowers.
The product offers rates from 6.39 per cent p.a., with owner-occupied and investment lending available up to 98 per cent LVR, as well as refinancing up to 98 per cent LVR with cashout.
Loans are available up to approximately $3.5 million, with no application, annual, or ongoing fees. Fees are also guaranteed to be lower than LMI.
Suncorp Bank stops accepting new pre-approval applications
Suncorp Bank will no longer accept new home loan pre-approval applications from 8 September 2026, moving to a single home loan application pathway.
There are no changes to its home loan products or credit policy as a result of the change.
Existing pre-approval letters can continue to progress to a full home loan application until 4 October 2026, with existing PALs remaining valid under their current terms and conditions until that date.
NAB allows gifted and inherited funds as genuine savings
NAB has started to accept gifted and inherited funds as eligible genuine savings from 1 September 2026, with the usual 90-day holding requirement no longer applying to these funds.
The 90-day rule remains in place for other forms of genuine savings.
Funds must be held in the applicant’s account at submission and can be verified through a bank statement or transaction listing showing the customer’s name and account ownership.
Applicants must also complete NAB’s attestation confirming the amount, date received, provider and relationship, contribution type, and that the funds are unconditional and non-refundable.
Resimac expands parental leave, Alt Doc, and refinance policy
Resimac has introduced several policy changes covering parental leave income, Alt Doc applications, private loan refinancing, and ATO debt.
- Parental leave: Resimac will now accept 100 per cent of employer-paid and/or government Paid Parental Leave income, up from 50 per cent.
- Alt Doc: An accountant’s declaration can now be used to verify income where a single applicant has a combination of self-certified and PAYG income. The PAYG component remains subject to normal verification requirements.
- Private loans: Private and solicitor-funded loans can now be refinanced into Prime or Prime Alt Doc where interest is paid monthly, and evidence of payments is available, up to 80 per cent LVR.
- ATO debt: Prime refinances can consolidate up to $200,000 of ATO debt at 80 per cent LVR, provided the debt is paid in full at settlement. Specialist borrowers with a formal ATO repayment plan can now retain up to $200,000 of ATO debt.
Aware of a product or policy update that brokers should know about? Leave it in the comments below.
See last week’s policy changes here.
[Related: Product policy tops broker recommendations]
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