flagFounded: 2006

businessOwned by: Privately-owned

monetization_onFunded by: Institutional funding from CBA and wholesale capital markets

securityLMI Provider: Self-Insured

account_balanceLender type: Non-Bank, Specialist Lender

RedZed is a small specialist lender that has some niche products and picks and chooses which mortgage brokers it wants to deal with. Since it isn’t available through all mortgage brokers, you may not have heard of them.

They’re experts in lending to people with a low credit score, bad credit history, limited proof of income or people who want to buy a commercial property.

How do RedZed’s loans compare?

They’re great at

But they’ve got some drawbacks…

  • Interest rates and fees are higher than the banks
  • Their risk fee, similar to LMI, can be expensive
  • No branch network
  • Most mortgage brokers aren’t accredited with RedZed
  • They don’t do construction loans
  • They can’t help you if you have a low deposit
  • Depending on how busy they are, they may be slow to assess your application

Why aren’t more brokers accredited with RedZed?

Firstly, RedZed isn’t on the panel of most mortgage broker groups, known as aggregators, and most mortgage brokers aren’t allowed by their aggregator to make direct agreements with lenders.

Secondly, RedZed is a small lender and doesn’t have the capability to handle the large numbers of applications they could receive from mortgage brokers. So they prefer to pick and choose specialist mortgage brokers to work with. This way they give a great experience to a small group of customers.

We’ve made an agreement with RedZed as they have some unique credit policies that aren’t available from other lenders. In particular their low doc loan and their commercial loans can help borrowers that can’t get a loan from any other lender.

Tip for applying with RedZed

Use RedZed’s loan application pack to prepare for your mortgage application.

Note: This is the latest loan application pack effective October 2017. Please refer to RedZed for their most up-to-date document requirements.

RedZed client story: Emily, Vic


  • To release equity in property to fund renovation work on investment properties.


Low doc, investor, refinance, equity release.


Following a painful divorce, Emily was able to build a new life for herself as a professional property investor.

Her main strategy was pure capital gains, buying real estate, renovating the property, and selling it at a higher price.

As her main source of income, Emily didn’t have full financials to provide to get approved with a prime lender but she was able to finance her property purchase with specialist lender RedZed instead.

Having grown her investment portfolio substantially, she needed extra funds to renovate some properties she recently purchased and needed to release some equity in her owner-occupied mortgage.


By staying with RedZed, Emily was able to release $280,000 at 70% of the property value and only needed to provide one accountant’s letter to prove her income.

The other great thing about RedZed that made it easy for Emily was that she was able to release equity without providing a stated purpose, which is a typical requirement for most banks.

As a low doc borrower, Lenders Mortgage Insurance (LMI) was applied even though the Loan to Value Ratio (LVR) was under 70% of the property value.

However, RedZed have one of the lowest low doc interest rates on the market so Emily was happy to pay the cost and start work on her investment properties.

Compare RedZed to other lenders

Not sure which lender is right for you? Our Home Loan Experts can help!

Talk to one of our mortgage brokers by calling us on 1300 889 743 or complete our free assessment form.