Partners

Build your business while growing theirs

Support when you need it

As a Banjo Partner, you’ll be connected with your own relationship manager, who’ll be on call to workshop client scenarios and provide support when you need.

Full transparency

Speak directly with credit decision-makers and stay updated throughout the loan process with notifications via email, SMS and through your Banjo Partner Portal.

Client-first focus

We always operate in your clients’ best interests. When you partner with Banjo, you can trust us to help you grow long-term client relationships.

Competitive commissions

Generate ongoing revenue with commissions on both new loans and reborrows.

Banjo Loans are simply a funder who is great to have in the lending market. They see the people and stories behind our Australian SMEs and work with them wherever possible, rather than seeing them as a simple ‘algorithm’.”

Luke Matias – Matias Group

Simple steps towards better business

1. Contact your relationship manager

Get in touch with your relationship manager to discuss the client scenario you’re working on.

2. Carry out a pre-assessment

Send through the basic details for a indicative assessment, without impacting your clients’ business or personal credit profile.

3. Submit an application

When you’re ready, submit the application via the Banjo Partner Portal. You’ll get real-time updates as the application progresses with status alerts and notifications.

4. Receive commission

Commissions are paid within two weeks of a loan approval. We’ll also notify you when your clients are eligible to reborrow.

Our experience with Banjo Loans has been first class – they are very accommodating and flexible depending on the circumstances of our clients. Response rate is very, very quick, which is what SME businesses want and need. We are different to other accounting firms in terms of our structure and “divisions” so it is important that we retain the relationship with our client – Banjo “get this” which makes the relationship between us very effective. Keep up the great work!”

Bruce Debenham – Perks Finance

Your questions answered

What products does Banjo offer?
Banjo provides business loans from $20K – $500K across 6, 12, 18 or 24 month terms. Our Flexi Working Capital loan also offers clients up to 4 months interest expense only.

Why should I refer my clients to Banjo?
Unlike many lenders, we are able to offer your clients risk-based pricing for loans. This means that clients with stronger businesses pay lower fixed fee (or interest expense).

Which clients is Banjo suitable for?
Banjo is ideal for businesses at least 2 years old with at least $500,000 pa in revenue. We lend to any business structure – companies, trusts, partnerships and sole proprietors.

What can a Banjo loan be used for?
Banjo’s loans are used for many different purposes. Most commonly businesses borrow from us for working capital, inventory purchase, business expansion and debt consolidation.

Can a client borrow multiple times?
Yes, we have made it really easy for your clients to reapply for a loan with just a few clicks.

How much does a Banjo loan cost?
We charge an upfront origination fee of 1.5% of the loan amount on each 6 month advance, 2.25% origination fee of the loan amount on each 12 month advance, 2.5% origination fee of the loan amount on each 18 month advance and 2.75% origination fee of the loan amount on each 24 month plus fixed fee (or interest expense). The fixed fee (or interest expense) charged varies depending upon the strength of your client’s business. We do not charge any fees for early loan repayment.

How does Banjo fund its loans?
Our loan funds are provided by a range of financial institutions and private investors.

How much does it cost to join Banjo’s Partner Program?
It is free to join and there are no ongoing fees!

How do I refer my clients?
Once you have discussed the suitability of our loans with your clients you can start a loan application for them from your Partner Dashboard.

Can I submit loan applications on behalf of my clients?
You can fill out most of the loan application for your clients but they will need to submit the application following agreement of all authorised officers.

Can I submit a loan application via email?
No, all loan applications need to be completed via our website.

How do I track my client’s applications and progress?
You can log in to your Partner Dashboard to see the status of any of your client’s loan applications. You can also keep track of your referral revenues.

How much and when will I get paid?
We pay partners referral fees based upon the number and value of loans funded. Referral fees are paid monthly in arrears by direct credit to your bank account.

What accounting software does Banjo support?
To speed up the application process we enable direct linkage to cloud-based accounting software such as Xero and MYOB as well as upload from desktop software such as MYOB and Reckon

What if I have questions or need help?
You can call us during business hours on 1300 22 65 65 or email us at partners@banjoloans.com

Banjo was efficient and friendly throughout the whole process. The transaction itself was not totally straightforward, but they managed to work through and achieve an approval. Very good service.”

Robert Grul – G&H Financial

Partnering with Banjo as one of our Financiers has given us a competitive advantage in being able to offer more solutions to our SME clients. The team at Banjo has a collaborative approach when running scenarios and reviewing deals. Having a common sense approach to SME Lending is essential and Banjo has proven this through the many transactions we have completed together. Their ongoing support and ‘can do’ attitude with our team is a breath of fresh air in the industry.”

Nathaniel Flack – Fundamental Business Finance