Consumer
AFIA represents a wide range of established and emerging consumer finance providers. They offer home loans, personal loans, consumer leases, motor loans, credit cards, buy now pay later services, and debt purchasing capability.

Competition and innovation are fundamental in consumer finance. Innovation that is driven by competition, and a desire to meet customers’ needs, leads to broader choice in and access to products and services. This also supports customers to obtain finance that is appropriate to their needs and preferences and cost effective.

There is a direct link between a person’s financial participation and their economic and social participation in the community. This is what we mean when we say ‘AFIA members are financing Australia’s future’.

Small and medium sized enterprises (SMEs)
AFIA represents a broad spectrum of established and emerging commercial and wholesale finance providers across Australia. Together they ensure small and medium sized businesses have access to a diversified pool of credit and liquidity that best match their needs.

Lending to SME’s is not a ‘one size fits all’ business. These lenders are specialists in working capital or cashflow support. Many operate in sectors of the economy where particular business infrastructure, technology or risk appetite is essential to meet the finance needs of customers.

SMEs are fundamental to economic diversity, growth and innovation. They support a significant proportion of Australian jobs. This is what we mean when we say ‘AFIA members are financing Australia’s future’.

Fleet, rental and salary packaging
Our fleet, rental and salary packaging members offer cost effective solutions to retail customers and Australian businesses to support their mobility, business activities, and their employees’ needs.

Vehicle leasing and fleet management services ensure that businesses can focus on providing their products and services to their customers. They provide cost effective asset management of their fleets, keeping their employees and contractors safe, their business costs down, and enhancing agility. This includes fleets in important sectors across the Australian economy, including health and medical as well as postage and freight. Fleet management is evolving, making it easy for Australian businesses to embrace changes in vehicles and technology.

Vehicle rental is not just about hire cars and ‘desks at airports’. Our rental members support consumers and businesses to move around the country safely and effectively, whether they are with colleagues or their families, in our cities, regions or even remote locations – with the cars or vehicles to match their needs.

AFIA has developed a Car Rental Code of Practice to strengthen consumer protections. AFIA also administers a car conciliation service, which helps to resolve complaints.

Using our money as effectively as possible is important to everyone. Salary packaging (otherwise known as salary sacrifice or remuneration packaging) is a tax effective employee benefit that allows businesses to support their employees achieve what they want in life. That might be a new car, new communications or technology devices, more money in their superannuation, or a range of other benefits. Our salary packaging members work with employers to facilitate these arrangements for their employees.

AFIA members are important to the day-to-day lives of Australians. This is what we mean when we say ‘AFIA members are financing Australia’s future’.

Motor finance
Purchasing a vehicle is a significant investment for individuals, families and business alike. They are often a person’s second biggest asset, and, like a home, are fundamental for inclusion in day-to-day life and social and economic participation. It is rarely a purchase that can be afforded outright. AFIA’s motor finance members provide finance to consumers and to businesses to buy or lease cars, and other motor vehicles. This is what we mean when we say ‘AFIA members are financing Australia’s future’.

Equipment finance
Capital investment is fundamental to Australia’s to economic growth. Investment lifts productivity and productive capacity. ‘Equipment’ ranges from relatively small items such as coffee machines, through vehicles (like forklifts) to large scale cranes or even permanent investment like automated warehouses.

Buying new equipment outright may not be possible or even sensible for many firms – much like individuals buying a home. Specialists in equipment finance understand their customers’ businesses and their business needs and can tailor lending products to suit the firm or equipment. They facilitate investment that is the foundation for growth and jobs in Australia. This is what we mean when we say ‘AFIA members are financing Australia’s future’.