AFG recognises power of diversification

RateSetter, Australia’s largest peer-to-peer lender, today proudly announced its new partnership with leading aggregator firm Australian Finance Group (AFG).

The partnership brings RateSetter’s award-winning personal loans and market-leading secured car loans to AFG’s more than 2,900 loan brokers. AFG brokers will have access to RateSetter offerings from Monday 22 July. The partnership reflects a surge in broker demand for modern and innovative loan offerings, with more than 8,500 loan brokers already accredited with RateSetter. 

RateSetter CEO Daniel Foggo welcomed AFG brokers to RateSetter, commenting, “We are so pleased leading aggregator AFG has recognised the vital importance of diversification and is helping its brokers diversify their income by adding new lenders and new loan offerings.”

“Brokers can assist their clients well beyond their mortgage, supporting them through a life cycle of needs, from debt consolidation to home renovation, to car purchases and more. These are powerful opportunities that brokers need to take advantage of, and we are delighted to be able to deliver AFG brokers some seriously attractive options.” Foggo said, “The broker channel is integral to our current operations and we are excited by this opportunity to expand our presence in the broker industry.” 

RateSetter is a technology-led lender which offers clients low, personalised rates and fast, simple service. RateSetter provides low-rate personal, automotive and renewable energy loans. RateSetter has been recognised as providing Australia’s most-loved and most highly reviewed personal loan, achieving a 4.8/5 rating on ProductReview.com.au.

RateSetter offers risk-based pricing for personal loans with interest rates starting at 6.89%. Loans range from $2,001 to $45,000 for terms between six months to five years. Applicants can apply within five minutes and typically creditworthy borrowers will have access to finance within 24 hours.

“The addition of RateSetter to the AFG Personal Loan panel further strengthens our proposition and enables our national broker network to offer more choice to their customers,” said AFG General Manager Commercial Keiran Evans.

“As the lending landscape faces structural change, personal loans are becoming a more integral component of customer solutions. AFG is committed to providing our brokers with options to meet their customers’ needs. RateSetter is an innovative lender and will enable our network of brokers to provide their customers with access to a range of competitive personal loan options,” Evans said.   

“We are very pleased to welcome RateSetter to our panel of lenders and look forward to providing our brokers with further diversified lending solutions.”

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