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It’s good to belong.

Now, you can belong to something good.

Aggregator groups can be kind of complicated, so we’re going to break ours down as simply as possible. When you join the Circle, here’s all the cool stuff you can get.

Shares

Yep — shares. If you think we’re good enough to partner with for your business, we think you’re good enough to own shares in our business. No catches — just run your business and keep doing what you do best.

As Purple Circle grows both in member numbers and loan settlements, the value of shares is expected to grow too. This represents an opportunity for mortgage brokers to build a substantial asset alongside their existing broking business, without doing anything extra. The shares you earn are yours for life — trade and sell as you wish.

Training & Development

Keep your knowledge up-to-date with education and training. We’ll help you understand industry trends, work through business management strategies, and connect with other members through our year-round training and development program.

Support

As experienced mortgage brokers ourselves, we know what it takes to master the art of broking — and we can’t wait to pass our insights on to you. You’ll enjoy practical, specific support and reliable advice for your business. Plus, business management and strategy support from our expert management team.

Flexibility

Get flexibility and choice with member agreements that suit your business needs as either an Australian Credit Licensee or Credit Representative. You also have your choice of fee structure, with either a Flat Fee, Percentage Split fee or Flat Fee/Percentage Split Commission (hybrid) structure. Again, this is designed to suit your business needs as either an Australian Credit Licensee or Credit Representative.

Range & Choice

Enjoy an extensive lender panel of Residential, Commercial, Asset and Consumer Finance. With this selection and range of lenders, providing a diverse range of products to suit your specific clients needs becomes second nature. We give you the best, so you can give your client’s the best.

Technology & Software

Streamline your processes, improve your efficiency and manage CRM, website and marketing initiatives, and compliance with our end-to-end, integrated and innovative software. It’s fancy and advanced, but easy-to-use and totally jargon-free, so you’ll pick up how to master the software in no time.

Our ongoing support and compliance program with seamless software integration helps you manage your broker and business compliance obligations as an Australian Credit Licensee or Credit Representative.

Extras

With the assistance of our Partner Program, you can provide additional diversification services such as Risk Insurance (and more). This comes with the clear benefit of retaining the exclusive client relationship and generating extra revenue without investing any additional resources.

Your Say

At Purple Circle, we take a co-operative approach to building best practice. Once you become a shareholder, you have a strong say in the strategic direction of the company. This allows us to not only provide what brokers need to succeed in business, but also what they want.

“Just want to say a big THANK YOU for following through with the promises you made to me coming over to Purple Circle.

BEST decision I ever made. Thank you again for everything you have done for me. Here is to an amazing 2022!”

Nicole Williams

See? Simple.

We’d love to chat through these with you in even more detail. If you think you’d like to belong to the Circle, let’s talk more about membership.

Small and Medium Enterprises (SME) Guarantee Scheme


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.

Reduced Interest Rates


Consider your current banking arrangements. The Reserve Bank has recently reduce the cash rate and lenders have passed this on to various loans they have.

Instant Asset Write Off


An increase in the instant asset write-off threshold from $30,000 to $150,000 30 June 2020.

Deferment of Loan Repayments for up to 6 Months


The banks are developing their own approach as to how to deal with requests from their clients for repayment holidays. Some are automatically granting the request, others are assessing the requests individually.