Assetline Capital sees a 48% increase in total loan settlements

• The non-bank lender reports a YoY increase for CY23 in loan settlements for its broker network

• Growth was especially evident in the non-bank lender’s Short-Term Capital products with an increase of 99%.

Assetline Capital has announced a substantial 48% increase in year-on-year loan settlements in CY23. The non-bank lender has now funded more than $3.1 billion in loans to its broker network since inception.

This growth highlights Assetline Capital's dedication to providing fast, flexible financial solutions, and the continued success in meeting the diverse needs of brokers and borrowers.

The year 2023 saw significant developments for Assetline Capital, including product launches, office openings and aggregator partnerships.

“We have seen tremendous growth in the past year, from building our sales team across the country, opening a new office in Brisbane, joining the lending panels of leading aggregators, and releasing a number of new products into the market including Clinch Bridging Loans. These improvements are reflected in our numbers,” says Royden D’Vaz, National Head of Sales and Distribution.

The past calendar year also saw a 99% growth in Assetline’s Short-Term Capital Lending products, which caters to short-term capital, SMSF, residual stock, non-resident and refurbishment needs.

“Last year we listened intently to feedback from brokers and extended our Short-Term maximum loan terms to 36 months. Extending the maximum loan term from 18 months to 36 months has provided more comfort and flexibility to our brokers and their clients,” notes D’Vaz.

Assetline Capital hopes to continue building this success, offering brokers great flexibility, and further solidifying its position as a trusted and innovative leader in the non-bank lending space.

“In the next 12 months, brokers can anticipate significant advancements from Assetline across various fronts. Firstly, enhanced policies within our range of products will offer brokers greater flexibility and options to meet the diverse needs of their clients. This expansion aims to cater to a broader spectrum of borrowers.

“Overall, brokers can look forward to a year of innovation and progress with Assetline, as we continuously strive to enhance our offerings, embrace technology, and refine our processes to better support the success of our broker partners and their clients,” comments D’Vaz.

For further media information and interview requests please contact: Aoife Reilly, Group Marketing Manager
aoife.reilly@altx.com.au
0404 335 241