Alternative lender Money3 has reaffirmed its commitment to exiting the controversial payday lending market next financial year amid ongoing scrutiny of lending to vulnerable borrowers.

Managing director Scott Baldwin said looming changes to the National Consumer Credit Protection Act would have "no material financial impact", with Money3's lending under "small amount credit contracts" (SACC) shrinking to less than 13 per cent of loans. It will be reduced completely by FY2018 as the company replaces it with loans for second-hand cars, as "larger lenders take a more conservative approach to lending", he said. Car loans will be examined by the Hayne royal commission.