Bluestone Tops Australia Non-Bank Lender Rankings
The lender secures the first-place spot in the 2026 MPA survey for the third year running.
Updated on Oct. 21, 2026 in Financial Services
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Bluestone has maintained its position as Australia's top non-bank lender in the 2026 MPA Brokers on Non-Banks survey. The company achieved this ranking for the third consecutive year by securing seven gold and three silver medals across 10 evaluation categories.
Why it matters
The survey results highlight that bank credit tightening continues to drive brokers toward non-bank alternatives. For industry professionals, BDM support, credit policy, and turnaround times remain the most critical factors when selecting a lender.
Bluestone secured the top rank with a lead of 0.25 points over second-place MA Money, which earned a score of 4.04. Pepper Money followed with a score of 3.96, while Thinktank rounded out the top four with 3.955 points.
The players
Bluestone
Bluestone is an Australian non-bank lender that has consistently ranked as the top firm in broker surveys.
MA Money
MA Money is a financial services firm headquartered in Sydney that climbed to second place in the 2026 industry rankings.
Pepper Money
Pepper Money is a prominent non-bank lender that achieved third place in the latest broker survey.
Thinktank
Thinktank is an Australian commercial and residential property finance specialist that placed fourth in the 2026 assessment.
Prospa
Prospa is a financial services provider that won gold for its turnaround times in the current broker survey.
The details
Brokers evaluated lenders based on 10 specific performance metrics, with firms like Prospa and Resimac also earning gold medals for turnaround times and interest rates, respectively. MA Money improved its standing from ninth place in 2025 to second place this year by leveraging a 48-hour service level agreement and direct access to credit analysts.
Timeline
2024: Brokers established their top three priorities for lender selection.
2025: MA Money ranked ninth and Liberty ranked second.
2026: Bluestone ranked first in the survey results.
Market Landscape
The 2026 results show a sharp rise for firms like MA Money, marking a notable departure from the rankings established in the 2025 broker survey. This shift reflects an increasingly competitive environment where non-bank lenders are aggressively vying for broker loyalty through improved service delivery.
Borrowers may find that brokers are increasingly likely to suggest non-bank lenders due to tighter bank credit standards. Customers can expect potential benefits in turnaround times as firms compete to meet the 48-hour service level agreements favoured by the industry.
The takeaway
Brokers are prioritising lenders that offer reliable support and fast turnaround times to navigate current market conditions. Individuals seeking financing should consult with brokers who have access to this range of non-bank lenders to ensure they secure the best possible terms.
Further reading
For more context on lending trends, view the Financial Services section.
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