How Asset Finance commission payment schedules work
Asset Finance commission payment timing varies by lender and, in some cases, by product type.
In most cases, commission is paid:
At settlement, or
Monthly in arrears after settlement
Connective remits commission to the Full Member once funds have been received and cleared from the lender.
When to raise a CAF invoice
For lenders that pay commission at settlement, Connective strongly recommends raising a CAF invoice on or before settlement, even if the lender does not explicitly require one.
Raising a CAF invoice:
Confirms your deal has settled
Notifies Connective that commission is expected
Helps ensure commission can be released without delay once funds clear
For step-by-step instructions, see How to Generate a CAF Invoice.
Asset Finance lender payment schedule
The table below provides a high-level guide to how Asset Finance lenders typically pay commission. Timeframes are approximate and based on lender processing cycles.
Note: Some commissions are paid directly to brokers, or may be subject to delays while cleared funds are confirmed.
Key
✔ = Yes
Blank = Not applicable or varies
Lender | Paid at settlement | Paid in arrears | Notes |
Affordable Car Loans | ✔ | ✔ | Origination paid at settlement; brokerage paid following month (approx. 19th–22nd) |
Alex Bank |
| ✔ | Paid following month (approx. 14th) |
Angle Finance | ✔ |
|
|
ANZ | ✔ |
|
|
The Asset Financier | ✔ |
|
|
Australian Motorcycle & Marine Finance |
| ✔ | Paid following month (approx. 5th–10th) |
Australian Financial Services (AFS) |
| ✔ | Paid following month (approx. 10th–15th) |
Azora Finance | ✔ |
|
|
Banjo | ✔ |
| Paid directly to broker |
Bank of Queensland | ✔ |
|
|
Bank of Queensland – Specialist | ✔ |
|
|
Branded Financial Services |
| ✔ | Paid following month (approx. 8th–10th) |
Capital Finance | ✔ |
|
|
Commonwealth Bank | ✔ |
|
|
Dynamoney | ✔ |
|
|
Earlypay | ✔ |
|
|
Finance One | ✔ |
|
|
Firstmac | ✔ |
|
|
FlexiCommercial | ✔ |
|
|
Grenke | ✔ |
| Paid within a few business days of settlement |
Iron Capital | ✔ |
| Paid directly to broker |
Judo Asset Finance |
| ✔ | Paid approx. one week after settlement |
Latitude Financial Services |
| ✔ | Paid following month (approx. 10th) |
Lumi | ✔ | ✔ | Term loans paid at settlement; LOC paid after first drawdown |
Medfin | ✔ |
|
|
Metro | ✔ |
|
|
Money3 |
| ✔ | Paid 2nd business day of following month |
MoneyMe / Society One | ✔ |
| Paid within a few business days of settlement |
Moneytech | ✔ |
|
|
NAB | ✔ |
| Doc fees paid within days of settlement |
Now Finance (Motor) | ✔ |
|
|
Now Finance (Personal) |
| ✔ | Paid following month (approx. 15th–18th) |
OnDeck Capital | ✔ |
| Paid directly to broker |
Pepper | ✔ |
|
|
Plenti | ✔ | ✔ | Origination paid at settlement. |
Prospa | ✔ |
| Paid directly to broker |
Resimac | ✔ |
|
|
ScotPac | ✔ |
|
|
Selfco Leasing | ✔ |
|
|
Shift | ✔ |
| Paid directly to broker |
Westpac Equipment Finance | ✔ |
|
|
WISR |
| ✔ | Payments processed weekly (Thursdays) |
Volkswagen Financial Services (Drive) |
| ✔ | Paid directly to broker by 14th of the month |
Before raising a commission query
Before submitting a commission enquiry, we recommend that you:
Check the lender’s payment schedule
Confirm whether the lender pays at settlement or in arrears
Ensure a CAF invoice has been raised (where applicable)
This helps reduce delays and avoid unnecessary follow-ups.
Need help?
If you need help understanding Asset Finance commission payments, contact your Partnership Manager or email [email protected].