Reasons for applying for credit
What is the purpose of the credit you are considering? eg purchase home , investment property, renovations, debt consolidation, other.. (Please provide as much detail as possible)
How long do you expect to remain in the credit contract?(for example do you expect to sell the property in a certain time frame?
Select One
Long Term-over 10 years
Medium term 5-10 years
Short term- les than 5 years
Not sure
What kind of payment are you considering?
Select One
Interest Only-Loan balance will NOT reduce
Principle & Interest (Loan balance will reduce)
Not sure
What is the PRIMARY purpose of applying for the loan?
Select One
Investment
Personal or domestic
Have You Had Any Judgements, defaults or legal proceedings against you in respect of credit contracts in the past?
No
Yes
If Yes please provide details:
Are all current credit commitments up to date:
Yes
No
If No, please provide details of how you intent to bring credit commitments up to date:
Are You concerned about rising interest rates?(The higher the number the higher your concern about rising rates)
Would you consider taking a fixed rate loan?
Yes
No
Not Sure
How would you rate your current job security?(the higher the number the greater the security)
Are there any lender you do not wish to deal with?
Is there any product type that you are interested in?
Is there any preference for the type of lender you deal with?
Big 4 Bank
Big lender but not major bank
Private Money Lender
Loan & Lender Features. ( If you don’t know what any of these are please ask us)
Redraw:
Must Have
Nice To Have
Don’t Care
Offset Account: (account offset against loan account)
Must Have
Nice To Have
Don’t Care
Portability:(Can move loan to another property)
Must Have
Nice to Have
Don’t Care
Multiple Account Splits:
Must Have
Nice To Have
Don’t Care
Line Of Credit :
Must Have
Nice To Have
Don’t Care
Branch Access:
Must Have
Nice To Have
Don’t Care
Insurance and Asset Protection
Do you have adequate insurance to meet loan repayments should you not be able to work?
Yes
No
Don’t Know
