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Fair Go Finance has created a broker-focused brand to make it easier for brokers to sell personal loans.
PL Broker, which launched today, can handle a range of finance needs, including mortgage cost funding, car loans and debt consolidation.
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The new business claims to handle all NCCP compliance issues on behalf of the broker and offer a flexible commission structure that lets the broker choose their commission amounts.
Its panel includes aggregators Connective and Mildura Finance, as well as eight lenders: Fair Go Finance, ANZ, Citibank, Finance One, GE Money, Liberty Financial, Money3 and Now Finance.
Managing director Paul Walshe said Fair Go Finance services more than 4,500 brokers across Australia through its partnership with Mildura Finance.
PL Broker will allow Fair Go Finance to deliver renewed focus and additional resources to brokers, Mr Walshe said.
"It's a competitive market and we know brokers are increasingly diversifying their income base to remain a step ahead, and we can provide a specialist service that will allow them to broaden their product range," he said.
PL Broker has hired former ME Bank business development manager Leigh Hunter as a dedicated BDM.
"There's no need to close the door on a marginal lead or refer an existing client to a bank because of a limited product range," Ms Hunter said.
"By working with PL Broker, brokers can add to their client base, reduce the number of incomplete deals, divide their time more productively and ultimately boost profits."
Ms Hunter will work alongside broker manager Craig Cossens.
