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Credit Proposal
© Reproduced with permission.
COPYRIGHT
COMMONWEALTH OF AUSTRALIA
Copyright Regulations 1969
WARNING
APPLICANT DETAILS
Applicant One Applicant Two
First Name/s
Surname
Date of Birth
Number & Age of Dependants
Relationship to other Applicant
Mobile
Email
Current Address
Employment status
Occupation
Basic Salary
If Purchase If Re-Finance
FINANCIAL POSITION
ASSETS
Income
Item Details Value Owner
Generated
Primary Residence
Household
Contents
Motor Vehicle
Cash/Savings
Portfolio
Super
Super
Super
LIABILITIES
Monthly Balance
Item Details Borrower
Payments Owing
HOUSEHOLD EXPENDITURE
FIXED EXPENSES
Item Weekly Monthly Quarterly Annually
Insurance – Car, house etc
Charitable Contributions
Childcare
Car – Registration, petrol etc
Groceries
Utilities
Medical
Entertainment
Other -
Total
Loan Amount
LMI
Total loan
Total required
Loan (before LMI)
Shortfall/Surplus
ESTIMATED REPAYMENTS
Note split if required P & I MONTHLY INTEREST ONLY MONTHLY
$ FIXED
$ VARIABLE
Is there anything else that may reasonably be expected to have a bearing on your application for credit,
knowing that if you leave such information out it may create problems in the future? Please specify:
Are you comfortable with your ability to make repayments under the proposed loan without difficulty?
Please specify:
Broker’s details (“we/us”) XYZ Pty Ltd ACN 123 456 789
Licensee’s name and address: 123 Jones Street, Jonestown NSW 1234
Credit Licence Number 123456
External Dispute Resolution Scheme CIO
Tim Jones
Credit representative’s name and address:
123 Jones Street, Jonestown NSW 1234
Credit representatives Phone Number 1300 111 111
If you have any complaints about our services, contact us. If we
are unable to resolve your problem, you may contact our
external dispute resolution scheme. External dispute resolution
External Dispute Resolution Scheme is a free service established to provide you with an independent
mechanism to resolve specific complaints. Our external dispute
resolution provider is CIO (Credit and Insurance Ombudsman)
phone 1800 138 422, http://www.cio.org.au/.
We will help you choose a loan which is suitable or appropriate
for your specific requirements. We will provide you with
information on a range of lenders and loans. Once you have
chosen a loan that is suitable for you, we will help you obtain
Nature and range of services an approval.
If you have already chosen a lender and a loan, and we will
assist you in obtaining an approval (where possible)
We distribute a range of loans marketed by Vow Financial,
and only offer you a limited choice of lenders.
We source loans from a panel of lenders. Our current panel
comprises the lenders listed in the Schedule
(attached document). Subject to meeting the lenders credit
List of panel lenders
criteria, we are able to obtain credit for you from these lenders.
These lenders do not necessarily represent all the lenders who
offer credit of the nature you seek.
We do not charge you for our services as we are paid
commission by the lender. However, you may need to pay the
lender's application fee, valuation fees, or other fees depending
on how your loan is structured.
(Delete if not applicable)
Fees payable by you If we successfully obtain approval for the loan you require, you
must pay us $XXX/XXX% of the loan amount. [IF A PERCENTAGE
IS SHOWN IN THE LAST SENTENCE, YOU NEED TO ADD "This will
be approximately $XXX]
This is payable on the earlier of 30 days after we obtain approval
or when you draw down the loan (settlement).
When paid:
Shortly after the loan is made *
Up to $
Commissions payable for the loan you have
Monthly **
selected (this information may be
completed later) Up to $
• We undertake to inform you if (if not already stated in this document), after recommending a particular
product and prior to you entering into a contract for that product:
– The commission payments differ from those described in this agreement or lender schedule;
– If we determine or recommend conditions of the credit contract, the effect of any such condition on
the amount of commission we receive from our panel lenders/ funders;
– Any other person will receive any benefit if that person could reasonably be expected to influence
our recommendation; and
– Any interests or relationships we have that could reasonably be expected to influence our
recommendation.
Borrowers Please Note:
1. If you repay your loan early you may have to pay fees. Before you sign your loan contract, make sure
you understand what fees are payable on early repayment, as sometimes these fees are quite large.
2. This contract does not provide for a disclosure of any direct or indirect interest in the loan transaction,
any property or services being purchased using any part of the loan, any property offered as security,
or any other commercially relevant transaction — e.g. budget coaching services. If there are any such
interests, we recommend that it is in the borrower's best interests to obtain independent advice in
relation to the merits of the transaction.
Enquiries about the Broker has retained a copy of the client data/fact find form setting out this information
borrower(s)' financial
situation Other (describe)
ASSESSMENT
This assessment is valid for 90 days from the date below. Having regard to the information above, I make a
(preliminary) assessment that the following product is suitable/not unsuitable/acceptable for the
borrower(s) and is appropriate finance for the borrower(s).
Option 1 Option 2
Lender: Lender:
Product: Product:
DATE
INSURANCE
I confirm that I have been offered the opportunity to have my insurance reviewed, however have declined
this.
I understand that I may not have the appropriate cover should I/We suffer from an unexpected/adverse
event.
**Delete if client is proceeding with Insurance Review**
Borrower 1 Borrower 2
Signature Signature