Two iconic Australian brands, Aussie and RAMS, are driving growth with mortgage broking opportunities around the country.

So how do you choose the business that’s right for you?

Let’s look at what’s on offer from each of the brands.

Aussie

How big is the business?

More than 1.5 million Australians have bought a home with a mortgage through Aussie, the business founded in 1992 by John Symond.

In 2021, market disruptor Lendi and Aussie merged to create Lendi Group. Today, Lendi Group is home to Australia’s number one home loan platform, a network of over 1200 brokers, a head office team of more than 600, a loan book in excess of $80 billion and a retail footprint of more than 225 stores across the country.

And the business doesn’t just offer home loans: now the portfolio includes business loans, asset finance, and home and contents insurance.

What are the details?

The franchisee fee right now is $22,500 – a special offer until 31 December 2021 – normally the franchise fee is $45,000. There’s also a $30,000 fit out contribution and a store broker start-up incentive for the first six months – all part of the 2021 deal.

What training is there? Certificate IV in finance and mortgage broking.

RAMS

How big is the business?

The mortgage business was founded in 1995 and has been franchising its business model since 2002. Since 2007 RAMS has been owned by Westpac, Australia’s oldest bank.

There are 51 franchised units across the country.

What are the details?

Capital investment is between $200,000 and $400,000 and franchisees work within a designated territory.

Franchisees need to have a Certificate IV in finance and mortgage broking and will undertake an induction program followed by a six-month on boarding and mentoring program.

Experience in running your own business and in home loans is required.

There is upfront and trail commission, a multichannel national marketing plan, and local area marketing support.

•  This article has been updated to correct information on the Aussie brand’s ownership.