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.
When to raise a Mercury Invoice
Raise a Mercury Invoice on or before settlement when working with lenders who pay on settlement, even if the lender does not require one. This ensures Connective can release payments to you without delay, as soon as funds clear.
Connective strongly recommends raising a Mercury Invoice for all Angle and Pepper deals.
Note: QuickAF deals never require Mercury Invoices.
For further information, see: Mercury Invoice
Lender payment schedule
Use this table to check how and when each lender processes commissions. All timeframes are approximate and based on lender processing cycles.
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.
Lender | Quick AF Only | Paid | Notes |
Affordable Car Loans Pty. Ltd. |
| On Settlement & In Arrears | Origination is paid on settlement
Brokerage is processed in the following month from settlement. Paid approximately 19th - 22nd of the following month |
Alex Bank |
| In Arrears | Origination & Brokerage is processed in the following month from settlement. Paid approximately the 14th of the following month |
Angle Finance |
| On Settlement | Please raise a Mercury Invoice on or before settlement to enable immediate payment. |
ANZ |
| On Settlement | Please raise a Mercury Invoice on or before settlement to enable immediate payment. |
Asset Financier |
| On Settlement | Please raise 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 | Please raise a Mercury Invoice on or before settlement to enable immediate payment. |
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 |
|
Commonwealth Bank |
| On Settlement |
|
Credit Corp Financial Services | Yes | On Settlement | Payment is made upon confirmation of cleared funds |
Dynamoney |
| On Settlement | Please raise a Mercury Invoice on or before settlement to enable immediate payment. |
Earlypay |
| On Settlement |
|
Finance One |
| On Settlement | Please raise a Mercury Invoice on or before settlement to enable immediate payment. |
Firstmac |
| On Settlement |
|
Flex Fleet | Yes | On Settlement | Payment is made upon confirmation of cleared funds |
FlexiCommercial |
| On Settlement |
|
Gedda | Yes | In Arrears | Origination & Brokerage is processed in the following month from settlement. Paid approximately 18th - 22nd of the following month
Payment is made upon confirmation of cleared funds |
Greenlight Auto Finance | Yes | In Arrears | Paid approximately 12th - 16th of the 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 | Origination & Brokerage is processed in the following month from settlement. Paid approximately 10th of the following month. |
Lumi |
| In Arrears | Term Loans are paid on settlement. Line of Credit's are paid after the first drawdown of the facility.
Lumi pays every Friday following settlement. Funds will hit Connective's account on the next business day. |
Medfin |
| On Settlement |
|
Metro |
| On Settlement |
|
Money 3 |
| In Arrears | Paid on the 2nd business day of the following month. Please raise a Mercury Invoice |
Money Me / AutoPay / Society One |
| On Settlement | Paid within a few business days from settlement. Please raise a Mercury Invoice on or before settlement to enable immediate payment. |
Money Place | Yes | In Arrears | Origination & Brokerage is processed in the following month from settlement. Paid approximately 9th of the following month
Payment is made upon confirmation of cleared funds |
MoneyTech |
| On Settlement | Please raise a Mercury Invoice on or before settlement to enable immediate payment. |
Morris Finance | Yes | On Settlement | Payment is made upon confirmation of cleared funds |
NAB |
| On Settlement | Doc fees are generally paid within a few days of settlement. |
Now Finance (Motor) |
| On Settlement | Please raise a Mercury Invoice on or before settlement to enable immediate payment. |
Now Finance (Personal) |
| In Arrears | Origination & Brokerage is processed in the following month from settlement. Paid approximately 15th - 18th of the following month |
OnDeck Capital |
| On Settlement | Paid directly to the broker. |
OurMoneyMarket | Yes | In Arrears | Origination & Brokerage is processed in the following month from settlement. Paid by the end of the following month.
Payment is made upon confirmation of cleared funds |
Pepper |
| On Settlement | Please raise 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. |
Rapid Loans | Yes | In Arrears | Origination & Brokerage is processed in the following month from settlement. Paid approximately 19th of the following month
Payment is made upon confirmation of cleared funds |
Resimac |
| On Settlement |
|
Scottish Pacific |
| On Settlement |
|
Selfco Leasing |
| On Settlement |
|
Shift |
| On Settlement | Paid directly to the broker. |
Suncorp CAF |
| On Settlement |
|
True Pillars | Yes | On Settlement | Payment is made upon confirmation of cleared funds |
Westpac Equipment Finance |
| On Settlement |
|
Wisr |
| In Arrears | Payments are processed every Thursday following settlement |
Volkswagen Financial Services (via Drive Finance Solutions) | Yes | In Arrears | Paid directly to the broker, by the 14th of the month. |
Need help?
If you need help understanding Asset Finance or QuickAF commission payments, contact your Asset Finance BDM or email [email protected].