The new product joins Apollo Max and Apollo Pro in the Apollo by LMG suite
Apollo Plus, the latest product in the Apollo by LMG suite, has been launched to Loan Market and LMG brokers, offering specialised home lending products for non-trading companies and trusts, including unit and discretionary trusts.
The launch follows the debut of Apollo Max and Apollo Pro in November, further strengthening the Apollo by LMG suite. The range has been developed with input from more than 75 brokers nationwide, ensuring its features are tailored to the needs of brokers and their clients.
Settlement activity under the Apollo brand has gained momentum, with Loan Market broker Mark De Martino reporting the highest number of settlements in under a month. De Martino praised Apollo for its service and servicing capabilities, describing the lender as having a “can-do” approach to scenarios that other lenders might decline.
“Apollo stands apart with its smart view of living expenses, allowing many clients to remain within HEMS,” De Martino said. “They also offer a lower assessment rate than most banks, which makes servicing easier on two fronts.”
He added that Apollo’s ability to offer interest-only loans for owner-occupiers at competitive rates while staying within policy has been a significant advantage. Highlighting the broker and customer experience, De Martino also commended the lender’s fully electronic process and the Apollo Customer App.
LMG executive director and chief operating Ewen Stafford (pictured above) noted the strong broker uptake of Apollo products, emphasising the importance of co-designing the range with brokers.
“The success of Apollo shows what happens when you focus on solving real challenges,” Stafford said. “Brokers aren’t just trying Apollo; they’re returning with repeat business because the products and digital platform deliver exactly what they need.
“Apollo Plus builds on this success by offering flexible solutions that enable brokers to achieve better outcomes for their clients and grow their businesses with confidence.”
Apollo Plus is specifically designed for scenarios such as investment property refinancing and purchases, complex borrowing structures, high-density property ownership, and development stock held for investment purposes. It simplifies processes for trust structures, offers Full and Lite documentation income verification, and provides loan-to-value ratios of up to 85% with no lenders mortgage insurance for Full Doc loans. It also introduces five pricing tiers based on LVR, with discretionary options, and pathways to lower LVRs or Full Doc status to provide greater flexibility for clients.
The Apollo by LMG suite, including Apollo Plus, is exclusively available through LMG and Loan Market brokers. The range is the result of a partnership between LMG and Athena, a digital home loan provider.
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