Big Changes at PMA to Kick Off FY2026

As part of our pledge to “empower Australian businesses to borrow with ease,” PMA is introducing a more efficient and user-friendly loan application process. These updates are designed to provide brokers and their clients with greater flexibility and faster access to business finance.

Say good-bye to the Accountant Letter and Management Fees

In response to valuable broker feedback, PMA has removed two key barriers in the loan application process:

• Accountant Letter Requirement Removed: Effective immediately, borrowers are no longer required to provide an accountant’s letter. We understand this step can cause unnecessary delays and are pleased to eliminate this requirement for a more seamless experience.
• Management Fee Eliminated: Transparency is a core value at PMA. To align with this principle, we have removed our ongoing management fee. Our quoted interest rates now fully include any fees payable to the Mortgage Manager.

Reduced Interest Rates Will Come in Early

In anticipation of potential rate adjustments by the Reserve Bank of Australia (RBA), PMA has taken proactive steps to reduce our interest rates ahead of time. Effective immediately:

• First mortgage rates start from 10.50%
• Second mortgage rates start from 15.95%

These new rates come with no ongoing management fees and no exit fees, providing even more value to clients seeking private business loans in Australia. Importantly, this decision has been finalised independently of the RBA’s future announcements.

Celebrating Shanta Lobo's Remarkable Service

We would like to extend our heartfelt gratitude to Shanta Lobo, General Manager – Relations, who will be retiring from her role at PMA to spend more time with her family.

Shanta has been instrumental in upholding PMA’s commitment to excellent client service and relationship management, and her contributions have significantly shaped the growth of our company.

We wish Shanta all the best in this well-deserved next chapter of life and thank her sincerely for her outstanding service.

Welcoming Dushen Tissera as Relationship Manager

As Shanta prepares for her retirement on 4 July 2025, we are pleased to announce that Dushen Tissera will step into the role of Relationship Manager.  Dushen brings with him valuable experience from his time on PMA’s Credit Committee, where he developed an in-depth understanding of our full suite of loan products.

His extensive product knowledge is a significant asset, enabling him to accurately assess loan feasibility and help streamline the application process for brokers and clients alike. With his energy, expertise, and strong commitment to service, Dushen is well-positioned to uphold the high standards our partners have come to expect from PMA.

PMA is Hiring

In line with growing demand for private business loans in Australia, PMA is actively expanding its team. We are currently seeking Relationship / Business Development Managers to help us better serve our network of brokers and clients.

If you or someone you know is interested in joining a dynamic and fast-growing private lending organisation, we encourage you to contact our Managing Director, Peter Cuskelly at [email protected].

Stay Informed

We invite all brokers and sponsors to subscribe to our newsletter for the latest updates on PMA’s product offerings, application processes, and market insights.

As always, your feedback is invaluable and helps us continue improving our services to support Australian SMEs through accessible, transparent private business finance. If you have any questions or comments about the changes we are making please get in touch with us at [email protected].