As part of our commitment to providing the best experience to brokers and their clients, Resi is pleased to announce that we will be passing on the full 0.25% rate reduction from today’s RBA decision to our new and existing Essential options and Agility borrowers.
Here’s what you need to know:
When can Essential Options and Agility customers expect these rate decreases to take effect?
| Product Line | Summary of Changes | Effective date (Existing Customers) | Effective date (new and pipeline lending) |
| Essential Options | RBA reduction of 0.25% passed on in full to all new and existing borrowers | 28th Feb 2025 | 19th Feb 2025 |
| Agility | RBA reduction of 0.25% passed on in full to all new and existing borrowers | 5th March 2025 | 5th March 2025 |
We know you’re looking for more ways to support your clients, and this is another example of Resi’s commitment to help. All other white label Resi loan products are currently under review.
Here’s what else you can expect in the coming days:
New Rates:
- Updated rates will be available from 19th February 2025 in Salestrekker and on the Resi website, so you’ll have everything you need at your fingertips.
Existing Loan Applications:
Application Pipeline (prior to formal approval)
- If you have clients whose loan applications are in the pipeline, their rates will automatically be updated when their application reaches its next milestone in the credit process, ensuring they don’t miss out on the savings.
Solicitors Pipeline (loans instructed)
- For loans that have already been instructed, those customers will receive an e-mail notification next week of the 0.25% reduction, which will apply to their rate. Documents will not be reissued, but rates will be updated on loan settlement.
We’ve worked hard to deliver these changes as quickly as possible—and there’s more to come.
Resi CEO Campbell Smyth said, “Our focus is on delivering an exceptional experience to brokers and their clients.”
“Recently we launched a huge number of changes to our product, including materially increased loan sizes, increased LVRs, and reducing our servicing buffer down to 1.5% for prime and near-prime borrowers, up to 75% LVR.”
“Our decisive action, along with other exciting developments, continue to make it easier to say I non-bank with Resi.”
If you have further questions, reach out to our BDMs today!
