About

We built the other half

Private credit in Australia runs on relationships, which works well if you place with the same three lenders every month and badly for everyone else.

Get a quote How it works

Everybody waits.

The broker

A broker with a good deal and no relationship rings around, collects soft maybes, and finds out three weeks later that half of them were never going to write it.

The lender

A lender with capital to deploy spends the morning declining deals that missed policy by fifteen points.

The borrower

The borrower waits through all of it.

A comparison site solves the smallest part of it.

The usual response is a comparison site, and there are several. The deal still has to be structured, the figures still have to reconcile, the exit still has to hold up, and the submission still has to be written the way that particular credit team reads.

On most private deals the broker does all of it after hours, on a policy they’ve never seen, and a good proportion of what gets declined was placeable with a change nobody spotted.

So we built the other half.

Every lender’s credit policy encoded as structured rules, and a credit team that uses them: structuring, fixing and packaging a deal before a lender opens it.

We’re in Australia and we work only on business-purpose lending secured by real property.

Scenario to settlement

Who owns it.

On Panel Pty Ltd, an Australian company. No panel lender holds an ownership interest in the platform, and no lender can pay for position, priority or early access.

FAQs

About On Panel.

What do you do that a comparison site does not?

We do the credit work that a comparison site leaves to you. It shows you lenders and stops there. Our team reconciles the figures, tests the exit, structures the entity and security position, resolves what would otherwise come back from credit, writes the submission in the lender’s own format, and manages it through valuation, legals and settlement.

Do you make the credit decision?

No, the credit decision is the lender’s and always will be. We do the credit work and prepare the submission, and the lender decides. On Panel does not hold a credit or financial services licence and does not give advice.

What lending does this cover?

Business-purpose and commercial lending secured by Australian real property, from $250,000. First mortgages, second mortgages and development, for company borrowers. No consumer lending.

How many lenders are on the panel?

The home page gives the figure, and it rises as lenders join. A lender on panel is matched to a deal once their policy is encoded and they have signed off on every line, because a lender with half a policy on file cannot be structured against.

All questions

Put a live deal through it.

Get a quote For lenders