Latest Personal Loans News

Beforepay Group will replace CEO Jamie Twiss with deputy CEO Kasey Kaplan on 7 December, making an internal succession change as the fintech enters its next growth phase. Kaplan’s package includes A$600,000 fixed remuneration, annual incentives, equity rights and a potential six-year milestone plan worth up to A$10 million.

Beforepay has opened FY27 with record quarterly revenue of A$16.5 million and Cash NPAT of A$5.7 million, while total advances reached A$264.7 million. The stronger result came alongside higher net bad debts and a new A$100 million funding facility that was only partly drawn at quarter-end.

Wisr has raised its FY27 Cash NPAT guidance by 40% to at least $7 million after record quarterly loan originations lifted its book beyond $1.2 billion. Credit metrics improved alongside the expansion, although net interest margin narrowed as secured vehicle lending became a larger part of the portfolio.

Harris Technology has started FY27 with $4.3 million in quarterly revenue, positive operating cash flow and a sharp reduction in borrowings. Refurbished technology accounted for about 60% of sales, although parts delays constrained August and September activity.

MONEYME opened FY27 with stronger growth, record-low net credit losses and its third consecutive quarter of positive Normalised NPAT. The unaudited result supports the lender’s reaffirmed FY27 target of breakeven to $7 million, while its expanding unsecured portfolio remains an important test.

Wisr Limited has reported its inaugural full-year Cash NPAT profit of $1.0 million for FY26, driven by a 65% surge in loan originations and a 32% expansion in its loan book, surpassing $1 billion for the first time.

Beforepay Group reported a 57% jump in cash NPAT to $15.7 million for FY26, driven by strong advances growth and scaling of its Personal Loans product. The company also secured a $100 million credit facility to fuel further expansion.

Pepper Money Limited (ASX:PPM) reported a landmark half-year to June 2026, with originations soaring 40% and net profit after tax rising 15% on a pro-forma basis, underpinned by strong mortgage growth and new servicing contracts.

MoneyMe Limited grew its loan book by 34% to $2.08 billion in FY26, boosted by record originations and improved credit quality, while reducing its net loss by 40%.

HSBC Bank Australia is selling its AUD36 billion home and personal loan portfolio to Blackstone affiliates, marking a significant step in winding down its Australian retail banking operations. The deal awaits regulatory approvals and is expected to close in early 2027.

HSBC Bank Australia has agreed to sell its AUD36 billion home and personal loan book to Blackstone-managed funds, marking a significant retreat from retail banking. The deal awaits regulatory approvals and is expected to close in H1 2027.

HSBC Bank Australia is exiting its retail loan business by selling a AUD36 billion home and personal loan portfolio to Blackstone-managed funds, with completion targeted for early 2027 pending regulatory approval.