At AFB, we’ve taken a major step forward for brokers and borrowers by reducing the risk fee on our Near Prime product to just 0.25%, along with significant reductions across our entire range.
Traditionally, Near Prime customers who sit just outside standard bank criteria face higher upfront costs when arranging finance. By lowering this fee, we’re making home loans more accessible while giving brokers a smoother path to conversion. This change reflects our commitment to practical affordability, helping more customers secure finance without the friction of high upfront costs.
The benefits go well beyond immediate savings. Brokers can now present Near Prime options with greater confidence, reducing the likelihood of deals falling through due to fee fatigue. Customers, in turn, gain more flexibility at settlement and greater capacity to plan their next steps with confidence.
In addition, we’ve removed clawbacks across our entire product suite. Brokers will no longer face the loss of earned commissions when clients refinance or discharge a loan early. This provides greater certainty of trail income and supports brokers in delivering the best possible outcomes for their clients.
Together, these updates reinforce AFB’s broker-first philosophy—lower costs, greater transparency, and a more supportive lending environment.
To explore the new product guide or workshop scenarios, contact your AFB BDM today, or test a scenario instead.