Granite Home Loans: non-bank dashboard with 359 products and low-doc support
Granite is a non-bank lender accessible through AFG's aggregator channel. The shelf is substantial (third-largest on our panel after Options and Retro), rate is competitive at 6.00% cheapest, and the low-doc pathway makes Granite a viable alternative to Pepper and RedZed for specific profiles.
Who Granite competes with
Non-bank prime and near-prime: Granite sits in a similar tier to Resimac, Firstmac, and the AFG Home Loans Bright brand. 6.00% cheapest rate is competitive with Resimac (6.14%) and Firstmac (6.18%) at equivalent LVR.
Low-doc specialists: For alt-doc files Granite competes with Pepper Money, RedZed, Liberty and AFG Bright. Granite's pricing is typically 0.20–0.40% sharper than Pepper on equivalent alt-doc files where both will write.
Zero application fee is a distinct advantage on refinancer files where upfront cost matters. Most non-bank competitors (Pepper $499, RedZed $399) charge.
When Granite is the right answer
Alt-doc file with clean credit: 6.00%+ pricing beats Pepper Advantage and RedZed Alt-Doc on comparable profiles.
Near-prime refinance: Zero application fee + 7.0x DTI handles capacity-tight profiles that need a rate improvement.
Self-employed with full-doc appetite: Granite is typically sharper than AFG Home Loans' prime brands (Options, Retro) on self-employed full-doc scenarios.
When to route elsewhere
Prime full-doc PAYG under $500k: Bank Australia, Heritage, P&N Bank and the major mutuals typically price sharper with zero fees.
Significant credit events: Granite's near-prime appetite doesn't extend to specialist tier. For defaults or bankruptcy route to Pepper Specialist or RedZed Specialist.
Family guarantee: Granite doesn't offer family guarantee structure. Route to mutual peers.
Is Granite the right non-bank match for your file?
We price Granite against Resimac, Firstmac, Pepper and the AFG low-doc brands on every alt-doc file. Quick brief, realistic numbers back.
Run the comparisonWhat is Granite Home Loans?
A non-bank home loan lender accessible through aggregator channels. Funded via wholesale warehouse arrangements; regulated under Australian Credit Licence requirements.
What is Granite's cheapest rate?
6.00% variable OO P&I at low LVR across 359 products on our panel.
Does Granite do low-doc?
Yes, with alt-doc income verification (business bank statements, BAS). Competitive with Pepper Money Advantage and AFG Bright on comparable files.
Does Granite charge application fees?
No — zero application fee is a structural feature. Ongoing package/annual fee may apply depending on product tier.
What is Granite's max LVR?
95% OO via HGS, 90% investment. Standard non-bank ceilings.
Richard Esteb
Granite sits in my non-bank shortlist alongside Resimac and Firstmac for rate-sharp alt-doc refinancers. The zero app fee plus 6.00% rate is a clean package. Refreshed 20 March 2026.