National Australia Bank (ASX:NAB) will exit member and home loan provider Advantedge Financial Services' business over the next 18 months and transition all customers to the bank's branded home loans, according to a statement by Advantedge.
Advantedge said it will stop accepting new customers from Sept. 30.
AFSH Nominees will be the credit provider for Advantedge loans and act as the bank's agent until the handover is complete.