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Propell Launches ‘Low Doc’ Lending Model Ahead of ASX Delisting
4:41am on Monday 2nd of June, 2025 AEST
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Financial Services
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Propell Launches ‘Low Doc’ Lending Model Ahead of ASX Delisting
4:41am on Monday 2nd of June, 2025 AEST
Key Points
Q3 FY25 net cash outflow of $227,000, year-to-date outflows at $122,000
Receipts from customers up 91% year-on-year to $521,000 due to loan book growth
Introduction of ‘Low Doc’ credit assessment model using bank statement data
Loan book stable in Q3, average loan size down 24% quarter-on-quarter
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