AFG adds RedZed to its panel of lenders

by Antony Field26 Oct 2021

With small businesses emerging from pandemic lockdowns, one of Australia’s largest and market-leading broker aggregators, AFG, has announced that self-employed lender RedZed has joined its lending panel.

RedZed is one of just a few lenders in the industry that focuses on self-employed borrowers.

“Adding RedZed to our panel is very timely,” said AFG head of sales and distribution Chris Slater (pictured). “With lockdowns coming to an end around the country, it’s beneficial to our members to have access to lenders such a RedZed, to help meet the demand of business owners trying to revive their businesses.”

“RedZed’s profile has increased considerably in recent years, and we are very pleased to be adding them to our lender panel to help drive competition in the lending market and provide choice for brokers supporting their customers,” Slater said.

RedZed offers residential and commercial loans products and has earned a reputation for supporting self-employed customers who would normally have difficulty securing funding, especially those impacted by COVID.

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Chris Calvert, executive general manager – distribution at RedZed said joining AFG’s lender panel is a further sign that its self-employed finance solutions are valued and in demand around Australia.

“We note AFG is truly national and has been operating successfully for more than 27 years. They understand that self-employed borrowers think and behave differently. At RedZed, we speak their language. We believe that every ambitious, driven Australian deserves the chance to make their self-employed dreams a reality,” Calvert said.

“We continue to invest heavily in our systems and our brand.”

Calvert said in 2020 RedZed launched the world’s first SAP Cloud for Banking system for mortgages and will continue to build its product offering to deliver a strong service proposition to brokers.

RedZed has been added to the lender panels of five broker aggregators in the past 18 months.