Changes to the Brighte Green Loan & Brighte Personal Loan

January 2021

1. What are the new Brighte Green Loan fees & charges?

• 5.89% fixed interest rate p.a.* | Comparison rate 7.03% p.a.^

• $200 introducer fee added to the loan amount. This amount +GST is paid to you (vendor) once the deal settles

• $1.50 weekly account keeping fee included in repayments for new customers

• $299 establishment fee added to the loan amount and paid over time

2. What are the new Brighte Personal Loan fees & charges?

• 8.99% fixed interest rate p.a.* | Comparison rate 10.14% p.a.^

• $200 introducer fee added to the loan amount This amount +GST is paid to you (vendor) once the deal settles

• $1.50 weekly account keeping fee included in repayments for new customers

• $299 establishment fee added to the loan amount and paid over time

3. When are these changes going live?

From 00:00am AEDT on Monday 18 January 2021.

4. What applications does this effect?

All new Brighte Green Loan or Brighte Personal Loan referrals submitted from 18 January 2021. Existing referrals submitted before 18 January 2021 which have not yet converted to applications will not include any new fees and charges.

5. What is an introducer fee?

An introducer fee is a fee paid by one business to another in exchange for the facilitation of a business transaction. In this case, we will pay an introducer fee to our vendors for each referral of a customer for the Brighte Green Loan or Brighte Personal Loan that is successfully settled.

6. Are there any changes to the application process?

Yes. You must advise your customer you will receive a commission of $200+GST for referring them to Brighte and we will take care of the finance from there.

7. As a vendor, can we opt-out from receiving the introducer fee?

Yes. If you offer the Brighte Green Loan or Brighte Personal Loan, vendors with admin access to the Brighte portal can opt-out of receiving the loan introducer fee. Find out how

8. What’s the difference between the Brighte Green Loan and Brighte Personal Loan?

• The Brighte Green Loan funds energy solutions, including: solar and batteries as well as solar-powered heating and cooling solutions

• The Brighte Personal Loan funds home improvement solutions including: heating and cooling, garden and outdoors, home technology, and home improvements such as bathroom renovations, electrical, roofing and much more

9. Are there are changes to how I get paid?

There are no changes to how you get paid. We’ll continue to pay you within 1 - 2 business days of the job being completed.

10. Are there any charges to my business?

Brighte will continue to not charge vendors for offering the Brighte Green Loan or Brighte Personal Loan.

*Information and interest rates effective as of 18 January 2021 and are subject to change. Loan term range 24 months – 84 months. Finance amount $1,000-$30,000. Late payment fee of $4.99 may be charged in the event of missed repayment. Approved applications only.

^Comparison rate calculated on unsecured loan amount of $30,000 over a term of 5 years based on fortnightly repayments.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.