How we compare
SME lending should not be this hard. Phone tag, endless paperwork, fees buried in the rate. We built AssetMX to fix that for the businesses that fit policy.
Short answer
A broker is typically paid 1 to 2% commission built into your interest rate, worth roughly $3,000 to $6,000 on a $100,000 deal, sometimes plus an origination fee. AssetMX charges a flat $800, shows the lender base rate unchanged, and runs the process online.
Last reviewed 8 September 2026 by AssetMX.
| Traditional broker | AssetMX | |
|---|---|---|
| How they are paid | Commission of typically 1 to 2% built into your rate, sometimes plus an origination fee (the existing market example is $990) | Flat $800 fee, shown separately, financed or paid upfront |
| Rate you are shown | Lender base rate plus the commission loading | Lender base rate, unchanged |
| Incentive | Higher rate or bigger loan means more commission | Same fee on every deal from $5,000 to $500,000 |
| Process | Phone calls, emailed forms, chasing documents | Quote, fit check, upload and e-sign online |
| Decision speed | Days to weeks depending on the broker and lender | Conditional approval typically same business day when in policy |
| Who it suits | Complex deals, impaired credit, new ABNs, people who want a relationship manager | Established, GST-registered businesses with clean credit who fit bank low-doc policy |
| Where the money goes | Between the lender, the aggregator and the broker, invisibly | To the lender at the base rate, and one disclosed fee to AssetMX |
The numbers
Lender base rate 7.50% (verified 8 September 2026), $500 establishment fee financed in both cases, no balloon, repayments in advance.
$4,851 less over the term
| Broker at +2% | AssetMX | |
|---|---|---|
| Rate shown | 9.50% | 7.50% |
| Disclosed fee | $0 | $800 |
| Monthly | $2,110.69 | $2,029.84 |
| Total cost of credit | $126,641 | $121,791 |
We have seen too many business owners get a raw deal. Tradies who just want to buy an excavator and get back to work. Delivery drivers who need a van yesterday. Small business owners who do not have time to sit on hold.
The traditional finance model is built around brokers, not businesses. Brokers make money by loading your rate. The higher they push it, the more commission they earn, and you never see that cost because it is hidden in your interest payments.
$800 flat fee. That is our entire margin. We make the same whether you borrow $50,000 or $500,000, so we have no incentive to push you into a bigger loan or a higher rate.
Online, end to end. Because your time is worth money. Quote, fit check, upload and e-sign from your phone. If you fit policy, conditional approval is typically the same business day.
Honest about fit. If you do not fit bank low-doc policy, we say so in the first minute and point you to a broker. That is the deal.
Yes. If your ABN is under 24 months, you are not GST registered, your credit file is impaired, or the deal is unusual, a broker with lender relationships can place it where a low-doc process cannot. AssetMX tells you this in the fit check rather than wasting your time.
No. Our only remuneration is the $800 fee, disclosed in our Credit Guide. Any lender green-rate discount is passed on in full.
Largely yes. Banks and non-bank asset financiers accredit both brokers and platforms. The difference is what is added to the rate, not who funds the loan.
Yes. The quote tool on the home page shows the lender rate, our fee, the total cost of credit and the same deal with a typical broker loading, side by side.
One flat $800 fee, disclosed before you start. Nothing touches your credit file until you say so.
Trading 2+ years · Clean credit · Vehicles, trucks or equipment for business use