Connective Lending

Fixed rate changes

Effective Wednesday 1 April 2026, we are changing our new business fixed rate options for Offset and Basic products across all LVR tiers.

Information about in-flight applications:

For a limited time, fixed rate lock will automatically apply to customers who take out a fixed rate product; this lock applies to the rate at application submitted date.

Should rates reduce prior to settlement, the customer will settle on the lower rate. Should rates increase prior to settlement, customers will retain their initial rate at the application submitted date (if the loan settles within 90 days of application).

If the loan does not settle within 90 days, the applicable fixed rate for the loan type at the settlement date will apply.

Applications must be received by 11:59pm (AEDT) on 31 March 2026 to receive the current fixed rates. If you have any questions, our Connective Select Assist team is available on 1300 738 336.

Connective Select continues to evolve, with enhancements designed to help you move faster, assess smarter, and deliver greater certainty for your clients.

Here is what has changed and how it can support your next deal.

Smarter credit assessment with Equifax

Connective Select has transitioned from a traditional comprehensive credit scoring model to Equifax OneScore, aligning with a more modern, data-driven approach to credit assessment.

This provides a more streamlined and consistent view of borrower creditworthiness, helping you navigate scenarios with greater clarity and confidence.

Faster approvals for straightforward PAYG scenarios

For simple PAYG applications, the assessment process has been significantly streamlined with approvals coming through in under 5 hours.

Where the scenario meets key criteria such as a low debt-to-income ratio, clean credit history, and standard PAYG income, applications can move through quickly with faster turnaround times.

Close alignment with the mortgage insurer supports smoother processing for eligible applications.

For self-employed borrowers, 1-year financials may be acceptable in certain scenarios, particularly where LMI is not required. For higher LVR or LMI scenarios, additional insurer requirements may apply.

This structure supports efficient handling of both PAYG and self-employed applications within policy parameters

Certainty at approval with no rate lock fee

Connective Select offers a fixed rate lock at formal approval with no rate lock fee.

This gives your clients the ability to secure their rate once approved, providing added certainty and helping manage interest rate risk during the settlement period.

Support for faster residential approvals

If you are working on PAYG or self-employed scenarios and want to take advantage of these assessment improvements, your Connective Lending Manager or Connective Select BDM can help you position and structure your application effectively.