AFG Alpha is an AFG-branded home loan option distributed through the AFG network. It can help an accredited broker compare a client scenario within the available AFG panel, subject to current product and credit rules.
Verify rates, features and eligibility in current lender material before presenting the product. A familiar brand does not remove the need to compare alternatives.
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What Is AFG Alpha?
AFG Alpha is a home loan offering available through eligible AFG brokers. The credit provider and applicable terms should be confirmed in the current disclosure documents.
Features Of AFG Alpha
Competitive Interest Rates
Compare current interest rates, fees and revert rates on the same loan amount and term. Do not describe a rate as competitive without a dated comparison.
Flexible Repayment Terms
Check extra repayment, redraw and repayment frequency rules. Match them to the client’s income pattern.
100% Offset Account
If an offset account is available, confirm which loan variants support it and any account fee. Explain that the balance reduces interest calculations rather than the legal loan balance, then include it in the client’s budgeting plan.
Support For Financial Hardship
Clients experiencing hardship should contact the loan servicer promptly. Brokers can help them gather information but should not promise a particular variation.
How Brokers Should Compare AFG Alpha
For accredited mortgage brokers, the product may add another option for purchases or refinancing. Record the comparison and current source used.
Explaining and Recording the AFG Alpha Comparison
Explain the selected feature and its limit to build trust in the advice record. Accurate follow-up supports client relationships. Compare the product with at least one credible choice.
