The payment frequency of Asset Finance commissions will vary depending on the lender. Connective will remit the funds to the Full Member once the deal or invoice has been paid in full.
For lenders who pay on settlement we recommend you raise a Mercury Invoice on or before settlement to enable immediate payment, even if the lender does not require one. This enables funds to be passed on as soon as they are received, and is notably important for Angle and Pepper. Invoices are never required for QuickAF deals.
Please note, some Quick AF commissions are not paid directly to Connective and there may be payment delays as we await confirmation of cleared funds.
Please refer to the below Lender schedule for more information. We will proactively chase confirmation when a deal reaches the expected payment window. However, if you wish to raise an enquiry, please contact the Commissions team via [email protected] or your Asset Finance BDM.
Lender | Quick AF Only | Paid | Notes |
Affordable Car Loans Pty. Ltd. | Yes | To Be Advised | Payment is made upon confirmation of cleared funds |
Alex Bank |
| In Arrears | Origination & Brokerage is processed in the following month from settlement. Paid approximately 5th - 10th of the following month |
Angle Finance |
| On Settlement | Please rase a Mercury Invoice on or before settlement to enable immediate payment. |
ANZ |
| On Settlement | Please rase a Mercury Invoice on or before settlement to enable immediate payment. |
Australian Motorcycle and Marine Finance/ Yamaha |
| In Arrears | Origination & Brokerage is processed in the following month from settlement. Paid approximately 5th - 10th of the following month |
Automotive Financial Services / AFS |
| In Arrears | Origination & Brokerage is processed in the following month from settlement. Paid approximately 10th - 15th of the following month |
Azora Finance |
| On Settlement |
|
Banjo |
| On Settlement | Paid directly to the broker. |
Bank of Queensland |
| On Settlement |
|
Bank of Queensland – Specialist Pty Ltd |
| On Settlement |
|
Branded Financial Services |
| In Arrears | Origination & Brokerage is processed in the following month from settlement. Paid approximately 8th - 10th of the following month |
Capital Finance |
| On Settlement |
|
CarStart | Yes | To Be Advised | Payment is made upon confirmation of cleared funds |
Commonwealth Bank |
| On Settlement |
|
Credit Corp Financial Services | Yes | To Be Advised | Payment is made upon confirmation of cleared funds |
Dynamoney |
| On Settlement | Please rase a Mercury Invoice on or before settlement to enable immediate payment. |
Earlypay |
| On Settlement |
|
Finance One |
| On Settlement |
|
Firstmac |
| On Settlement |
|
Flex Fleet | Yes | On Settlement | Payment is made upon confirmation of cleared funds |
FlexiCommercial |
| On Settlement |
|
Gedda | Yes | To Be Advised | Payment is made upon confirmation of cleared funds |
Greenlight Auto Finance | Yes | In Arrears | Second week of following month. Payment is made to the broker upon confirmation of cleared funds. |
Grenke |
| On Settlement | Paid within a few business days from settlement. |
Iron Capital |
| On Settlement | Paid directly to the broker. |
Judo Asset Finance |
| In Arrears | Paid approximately one week after settlement. |
Latitude Financial Services |
| In Arrears | Due to the Christmas Holiday period, Latitude will pay December commissions in the week of the 15th of January 2024.
Otherwise: Origination & Brokerage is processed in the following month from settlement. Paid approximately 10th of the following month. |
Lumi |
| In Arrears | Lumi pays every Friday following settlement. Funds will hit Connective's account on the next business day. |
Macquarie Leasing (Commercial) |
| On Settlement |
|
Macquarie Leasing (Consumer) |
| On Settlement | Brokerage is not payable on Consumer deals. |
Medfin |
| On Settlement |
|
Metro |
| On Settlement |
|
Money 3 |
| In Arrears | Paid on the 2nd business day of the following month. |
Money Me / AutoPay |
| In Arrears | Origination & Brokerage is processed in the following month from settlement. Paid approximately in the first week of the following month. |
Money Place | Yes | To Be Advised | Payment is made upon confirmation of cleared funds |
MoneyTech |
| In Arrears | Origination & Brokerage is processed in the following month from settlement. Paid approximately 10th - 15th of the following month |
NAB |
| On Settlement | Doc fees are generally paid within a few days of settlement. |
Now Finance (Motor) |
| On Settlement |
|
Now Finance (Personal) |
| In Arrears | Origination & Brokerage is processed in the following month from settlement. Paid approximately 10th - 15th of the following month |
OnDeck Capital |
| On Settlement | Paid directly to the broker. |
OurMoneyMarket | Yes | To Be Advised | Payment is made upon confirmation of cleared funds |
Pepper |
| On Settlement | Please rase a Mercury Invoice on or before settlement to enable immediate payment. |
Plenti |
| On Settlement & In Arrears | Origination - Paid daily, on settlement. |
Propsa |
| On Settlement | Paid directly to the broker. |
Resimac |
| On Settlement |
|
Salt & Lime |
| On Settlement & In Arrears | Origination - Paid daily, on settlement.
Brokerage - Paid approximately 15th of the following month, direct to broker groups. |
Scottish Pacific |
| On Settlement |
|
Selfco Leasing |
| On Settlement |
|
Shift |
| On Settlement | Paid directly to the broker. |
Suncorp CAF |
| On Settlement |
|
Westpac Equipment Finance |
| On Settlement |
|
Wisr |
| In Arrears | Settlements are processed every Thursday following settlement |