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Sub-aggregation group Hai Money has welcomed the non-major bank to its lender panel.
London-headquartered lender HSBC has joined the lender panel of sub-aggregation group Hai Money, in a move to give Hai Money brokers more lending options.
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According to Hai Money, the addition of HSBC would benefit brokers and their clients, giving borrowers more choices, from personal loans to business lending.
Commenting on the bank joining its lending panel, Hai Money said: “HSBC brings a diverse range of lending products that can help your clients achieve their financial goals, all backed by a trusted global brand.
“As part of Hai Money, you’ll have the tools and support you need to grow your business, with access to exclusive products, industry insights, and dedicated business development manager (BDM) support.”
HSBC has recently been investing in the mortgage broking space, and in November 2024, it launched a broker portal that offers instant pricing and centralised access to policy information.
The non-major bank is already on the panel of Lendi Group (including Aussie), Mortgage Choice, Astute, and AFG.
However, broker usage of the lender has been nominal in recent years. According to the Broker Pulse survey from Agile Market Intelligence – covering the month of October – around 3 per cent of brokers used the lender over the last month.
The survey showed that the main factor brokers consider when choosing HSBC is product pricing. However, it is particularly popular with international borrowers, particularly those with global banking needs.
Hai Money officially launched into the market in June last year and already has a lender panel of more than 100 lenders, including first-tier and second-tier banks to non-bank lenders.
It has a particular focus on supporting younger brokers, especially those who are just starting in the industry.
It does this by providing educational resources and tools, extensive support through BDMs and a specially curated mentor school program.
[Related: HSBC launches broker portal]
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