Avanti Finance has been active in New Zealand for more than 30 years, assisting more than 100,000 people by providing a range of consumer and business loan solutions. The company has a history of strong growth in mortgage and motor vehicle lending, with these sectors the pillars of future growth for the business.

Avanti also provides personal loans, SME lending and insurance premium funding in New Zealand through its Avanti and Bexhill brands. In addition, Avanti has operated a prime motor vehicle financing business in Australia since 2019 through its BFS brand.

New lending is sourced predominantly through a network of introducers – primarily brokers, advisers and motor vehicle dealers. Avanti has established strong relationships through these channels, many of which have worked with the lender for numerous years.

Avanti’s target market is middle New Zealand and Australia, and includes borrowers whose financing needs are not always catered for by the tighter credit criteria of the major banks or other mainstream financial institutions. This builds into Avanti’s mantra, to be the “first nonbank choice” for borrowers across a range of lending products.

In 2022 Avanti was named the New Zealand Nonbank Lender of the Year at the New Zealand Mortgage Awards. It also earned the Most Preferred Nonbank Lender award from Mortgage Express and was named top employer in New Zealand’s mortgage sector by NZ Adviser.

Avanti embraces corporate social responsibility and community involvement through its sustainable resource management initiatives and its support for projects that are beneficial to the community, region or country as a whole.

Avanti’s funding is provided by a considered mix of shareholder equity, secured medium-term notes and structured bank and third-party funding. It raised additional capital to support growth in 2016, 2019 and 2020.

Avanti has been a regular issuer of prime and nonconforming RMBS since 2018 and will further enhance its investor offering by establishing a motor vehicle ABS programme in early 2023, as part of its growth strategy.

Paul Jamieson
Group Treasurer
+64 22 651 2052
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Caroline Dunlop
Head of Funding
+64 21 366 362
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www.avantifinance.co.nz