Purple Circle was founded by a bunch of mortgage brokers who wanted something… well, better. We were chasing an aggregator that genuinely looked out for us and supported us — beyond the bare minimum.
Long story short, we didn’t find one.
Launching in 2016 as Australia’s first broker-owned aggregation company, Purple Circle began to disrupt the mortgage broking space. Using a progressive, outside-the-box business model, we created an innovative setup that genuinely rewards mortgage brokers. Write loans, get shares — that’s the foundation of Purple Circle.
Members reap the benefits of their efforts, and actually gain ownership of Purple Circle. You have an active say in the direction of the business, plus you get heaps of resources, industry news, training, support, and more. We share the journey, share experiences and share successes. It’s a symbiotic venture between the company founders, support team and members.
Usually, if something sounds “too good to be true”, it probably is. We’re the exception.
Our vision is to reshape the way aggregators think about mortgage brokers, and lead the way to an Australia where every mortgage broker genuinely feels supported.
Our mission is to disrupt the industry by being an aggregator that puts mortgage brokers first (spoiler alert: we’re already doing it). We’re game-changers and we’re loving it.
“We are very blessed to be using Salestrekker as our broker portal which is the best we have used in the industry.
The Purple Circle broker portal alone is advanced and has everything a broker requires from compliance information to the top five best rates / lenders for the week.
Add this to a forward-thinking aggregator where member can own shares in the company…. It was a no brainer for us to be part of the journey.”
We created Purple Circle to give mortgage brokers more. More benefits, more recognition, more resources, and more practical insights. We also provide more financial freedom, support, and reward members with shares.
As a member, you can become a part-owner of Purple Circle, so it makes sense that you influence the company’s future. We want your big ideas, critical feedback and general input so we can better shape, grow, and improve Purple Circle.
This one’s pretty simple; we’re into all things good. We love good ideas, good people, a good laugh, and appreciate a good work ethic too. We choose kindness and show integrity in our business practices. Sound good?
The Scheme will enhance lenders’ willingness and ability to provide credit and will be available for new loans made by participating lenders until 30 September 2020.
The Government will provide eligible lenders with a guarantee of 50% per cent of new loans. Some generic terms are:
Businesses with a turnover of up to $50 million.
Maximum total size of loans of $250,000 per borrower.
Loans will be up to three years, with an initial six month repayment holiday.
Unsecured finance, meaning that borrowers will not have to provide an asset as security for the loan.