RedZed expands ApplyOnline partnership to include commercial and SMSF loan applications

RedZed commercial and SMSF loan applications are now available for lodgement via ApplyOnline^®, marking the second phase of the lender’s digital transformation partnership with NextGen.

Building on the successful launch of residential loan applications through ApplyOnline in November 2024, RedZed’s integration of commercial and SMSF products into ApplyOnline reinforces the lender’s commitment to supporting brokers and delivering enhanced operational efficiency.

Since launching home loan applications on ApplyOnline, RedZed has achieved remarkable results, including a 75% reduction in processing time and digital submission rates increasing from 30% to 50% in just six months. These efficiency gains demonstrate the platform’s capability to transform lending operations while improving broker and customer experiences.

“We’re here to support brokers, and there is enormous potential in the commercial and SMSF spaces – we want to help our broker partners capitalise on this”, said Calvin Cordle, Managing Director of RedZed. “Not only are we making our commercial and SMSF loans available for lodgement via ApplyOnline, but we’re also expanding our commercial team. This will enable us to offer more comprehensive support to brokers already operating in the commercial space, as well as those seeking to diversify”.

RedZed’s SMSF loan offering addresses a significant gap in the market for self-employed borrowers. “RedZed’s SMSF loans are game-changers for the self-employed”, said Cordle. “Most lenders have rigid rules that favour PAYG members whose employers make regular super contributions. Small-business owners often don’t pay themselves or into their super regularly. That’s why we look at what the borrower is paying into their fund over 12 months and their capacity to make additional contributions moving forward. We accept both full and alternative income documents to show that self-employed borrowers can afford the proposed contributions”.

Mike Ponsonby, Head of Lender Partnerships at NextGen, said the expansion reflects broader market trends. “RedZed’s journey from residential to commercial applications on ApplyOnline reflects a broader industry shift toward broker diversification into commercial products as they look to grow their businesses and better serve their clients’ evolving needs”.

Ponsonby added that the platform’s proven results support this trend. “RedZed’s remarkable efficiency gains with ApplyOnline for their residential loans demonstrate why we’re seeing more lenders recognise ApplyOnline as the go-to solution for streamlining applications across all loan types. Using familiar, proven platforms removes barriers and accelerates their ability to capitalise on these opportunities”.

This second phase of the partnership reinforces RedZed’s commitment to growth, supporting brokers, and delivering better outcomes for clients. It builds on the lender’s recent rate cuts and key product enhancements—including higher maximum LVRs, streamlined living expense verification, an updated commercial vacant land policy, and changes to its ATO default and debt policy.

These enhancements empower brokers with competitive and flexible solutions for their customers while paving the way for investment in new products, technology, and enhanced service levels.

With more RedZed loan types now available in ApplyOnline, brokers and their clients have even greater opportunities to win with RedZed.

RedZed – Transforming self-employed lending

See how RedZed achieved 75% faster processing and doubled digital submissions with NextGen.

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