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RateSetter – New Introducer Fees & CCR Application Assessments

As one of Australia’s leading peer to peer lenders, RateSetter offers Connective brokers access to simple, award-winning personal loan products with highly competitive rates.

To make their products even more competitive and attractive to consumers, RateSetter has announced that from today, Connective brokers and their customers will benefit from two exciting changes to their business model:

  • Application assessment in the Comprehensive Credit Reporting (CCR) environment, and
  • A new Introducer Fee, brokerage remuneration arrangement.

Comprehensive Credit Reporting (CCR)

Using Comprehensive Credit Reporting to assess applications allows RateSetter to reward your customer’s good credit history with more competitive rates, personalised to their financial situation. It also enables a much faster turnaround on loan approvals for brokers.

Introducer Fees

The new RateSetter Introducer Fee for Connective brokers allows you to charge your clients ‘a fee for service and advice’ up to $990 (inclusive of GST). The switch to this method of broker remuneration is designed to ensure your customers are confident that you are providing them with independent advice that’s in their best interests.

For more information on these changes, please contact RateSetter’s dedicated Broker Support team on 1300 889 332 or your RateSetter Business Development Manager.