A faster, simpler way to progress deals
We’re rolling out Banjo’s application process update — a set of targeted improvements designed to make it faster and simpler for you to submit applications, while reducing friction for your clients.
This update reflects broker feedback and focuses on helping you test appetite and loan terms earlier, protect client relationships, and progress more deals with confidence.
What this means for you
Earlier credit insight, without client impact
Applications now start with an initial rate offer assessment that won’t impact your client’s credit profile, allowing you to assess appetite early without creating unnecessary risk for your client.
Less client involvement upfront
You can now progress an application to conditional approval without involving your client at the outset, giving you greater control over timing and engagement.
Clearer, cleaner application flow
The application journey has been simplified with clearer steps and improved product clarity, helping you move through submissions more efficiently and with greater confidence.
What's changed
Before
Submitting an application triggered a hard credit check and required clients to complete ID verification upfront, often creating friction early in the process
Now
Applications begin with an initial rate offer assessment that won’t impact a client’s credit profile, allowing you to test appetite and loan terms earlier before bringing your client into the process.
Why this matters
These changes are designed to:
- Save you time
- Reduce unnecessary friction
- Protect your client relationships
- Help you progress more deals with confidence.
What's next
These enhancements are one of the key steps we’re taking as part of our focus on improving the referral partner experience, making it easier to progress deals with confidence. If you have questions or feedback, your BDM is here to help.
Experience the update
Start a business loan application.
