BEN Financial Stress Scoring Index - Copyright © Mybank Systems Australia

Loan Application Enquiry to Settlement Process Map

You are now undertaking STEP 1 of the process ''Borrower Disclosure''
''Obtaining a finance approval has a clear defined process where the outcome is a shared responsibility between the Customer, the Credit Adviser and the Lender"

- John Ferretti
CONFIDENTIAL FINANCIAL NEEDS ANALYSIS

The above diagram is a process map representation of the main 6 stages that need to be completed to achieve a loan settlement.

STEP 1: Preliminary Credit Borrowing Capacity Assessment requested by the applicant(s) reviewing of their financial borrowing objectives with the applicant(s) to complete the online BEN submission disclosing their full financial, income and expenditure position

STEP 2: Undertaking verification of borrower(s) disclosures and providing the Preliminary Credit Borrowing Assessment report based on the BEN Scoring Analysis provided to Borrower(s) by Credit Adviser

STEP 3: Providing Credit Assistance to the borrower(s) by submitting a Loan Application by the Credit Adviser to the lender for loan approval

STEP 4: Lender Credit Analyst process final verification and credit borrowing assessment for final loan application approval

STEP 5: Once the loan application is formally approved the lender will instruct their solicitors to produce mortgage documentation for the customer(s) to sign

STEP 6: Signed mortgage documents returned by the borrower(s) to lender solicitors to arrange for the loan settlement

Obtaining a finance approval has a clearly defined process. Completing this on-line fact find and loan requirements form will represent the first stage of the process. This is how it all starts:

PRELIMINARY CREDIT ASSESSMENT REQUEST - PERSONAL DETAILS
PROCESS

* Getting to know you, your goals, and objectives

* Collecting information about you

* Analysing your borrowing capacity and lender options

* How to protect new/existing assets, you and your family

You will then be presented with the Preliminary Credit Assessment. Upon reviewing your Preliminary Credit Assessment Report and you submitting the Loan Application with supporting financial documents (subject to bank policy approval) will finalise the process. There is so much that lenders need to consider when assessing a loan application, for example; lenders look at your employment history, qualifications, taxable income, expenses, liability levels, savings capacity, loan payment history, the value of your home, and or investment property(s), the value of your other assets, how much tax you pay, capital gains tax due, depreciation and also consider your credit card limit(s), personal loans and motor vehicle lease exposure.

These are just some of the factors impacting your Credit Stress Score. Lenders appraise these factors in a holistic framework before they can consider approving your loan application.

Your Preliminary Credit Assessment Report will include the BEN Financial Stress Scoring Analysis - determining your personal financial stress tolerance level based on the relationship of your Balance Sheet, Expenditure, and Net Income; it tracks, measures and compares your personal financial capacity and stability to benchmark standards.

The BEN analysis outlines your borrowing capacity and flags any potential risk exposure tendencies in certain debt categories that may impact your loan repayment performance or your general ability to pay for utilities and other living expenses over time.

NOTE: Your Preliminary Credit Assessment Report will provide you with your BEN Score which is totally dependent upon the accuracy of the information that you provide. WARNING: Under the NCCP legislation it is the borrower responsibility to disclose all material facts and existing loan liabilities including mortgages, personal loans, credit cards, store cards, living expenses, and any other type of lending arrangements if you do NOT disclose such liabilities as required; will result in the bank declining your loan application. A declined application result on your Veda Advantage Report will impact detrimentally upon your overall position to gain finance with other lenders. Please provide accurate information in answering the following sections as they may apply to you.

IMPORTANT NOTICE TO CLIENTS:

I John Ferretti Credit Adviser need reasonable grounds for making a Credit Proposal. Before making recommendations, I have a legal obligation to ask you about your borrowing objectives, financial commitments, and overall financial position and analyse your particular financial needs. The information requested in this online form will be used strictly for that purpose. You MUST fully and accurately complete this form and disclose your full financial position in order for me to make appropriate recommendations.

PLEASE READ OUR PRIVACY POLICY BEFORE PROCEEDING

By ticking the box below confirms that I/We hereby declare that I/We have read and agree and acknowledge to the terms and conditions of your Privacy Policy Disclosure Statement and consent together with the Declaration & Disclosure Borrower Responsibility and fully understand our obligations to provide you with My/Our true and accurate financial information as this is mandatory in order to fully support your credit advice process.

* We value our customers' privacy and you can be assured that the information you submit and process online is protected on our secure site. Our data is protected by a 256-bit SSL encryption security system.

PRELIMINARY CREDIT ASSESSMENT REQUEST - PERSONAL DETAILS
I have read the Privacy Policy*

By ticking this box confirms that I/We declare that I/We have read and agree and acknowledge to the terms and conditions of your Privacy Policy Disclosure Statement and Consent together with the Declaration & Disclosure Borrower Responsibility and fully understand our obligations to provide you with My/Our true and accurate financial information that is mandatory in order to fully support your credit advice process.

PRELIMINARY CREDIT ASSESSMENT REQUEST - PERSONAL DETAILS
PRIMARY BORROWER PERSONAL DETAILS

First Applicant
YOUR PERSONAL DETAILS

This section relates to your personal information. Please include your full legal name.
Title*
Select Title
Full Name*

First NameMiddle NameLast Name
Preferred Name
Please provide other name you are also known by if applicable.
Date of Birth*

DayMonthYear
My Marital Status*
My Dependants*
Please select the number of dependants - do not include your spouse or partner here.
Ages of Dependants*
Please include all ages of your dependants. Please input ''0'' if not applicable.
My Drivers Licence*
Please provide your drivers licence number. Please input ''0'' if not applicable.

PRELIMINARY CREDIT ASSESSMENT REQUEST - PERSONAL DETAILS
PRIMARY BORROWER PERSONAL DETAILS

First Applicant Continued
YOUR CURRENT HOME ADDRESS

Your residential address. Please note that Lenders require the last two years of your residential address history.
Home Address*

Street Address

Street Address Line 2

SuburbState

Post CodeCountry
Residential Status*
Lived Here Since*

DayMonthYear

PRELIMINARY CREDIT ASSESSMENT REQUEST - PERSONAL DETAILS
PRIMARY BORROWER PERSONAL DETAILS

First Applicant Continued
YOUR PREVIOUS HOME ADDRESS

Please include your previous residential address if you lived for less than 2 years at current home address:
Previous home address if less than 2 years at current address

Street Address

Street Address Line 2

SuburbState

Post CodeCountry
Lived Here From

MonthDayYear
Moved out on

MonthDayYear

PRELIMINARY CREDIT ASSESSMENT REQUEST - PERSONAL DETAILS
PRIMARY BORROWER PERSONAL DETAILS

First Applicant Continued
YOUR CONTACT DETAILS
Please provide accurate details.
My e-mail Address*
This will be used as your primary email address
My Home Phone*

Area CodePhone Number
My Work Phone*

Area CodePhone Number
My Mobile*

NatMobile number

PRELIMINARY CREDIT ASSESSMENT REQUEST - PERSONAL DETAILS
PRIMARY BORROWER PERSONAL DETAILS

First Applicant Continued
YOUR HOBBIES, SPORTS AND INTERESTS

You may select more than one option or add your own
My Activities*

I participate in outdoor sports like tennis, soccer...I attend the gym weekly or on a regular basisI walk or run on a weekly basis including bike ridingI swim on a regular basisOther
Are you a Smoker?*

YesNoOther
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)

PRELIMINARY CREDIT ASSESSMENT REQUEST - EMPLOYMENT DETAILS
PRIMARY BORROWER EMPLOYMENT DETAILS

Current Employment
Note: Please provide accurate information that reflects your current situation
Residency Status?*
Your current residency status
My Education Level*
Members of Professional Associations qualify for additional loan and leasing finance benefits.
I am a member of a Professional Body*

YesNo
My Professional Association
Please select your Professional Association
Other Association
Provide name of other Association if not listed above
Membership Number
Please provide your membership number
Employment Status*
Employment Industry*
Occupation*
As per employment agreement title
Name of Employer*
If you are Self Employed you may also include your company or business name here
Employer Address*

Street Address

Street Address Line 2

SuburbState

Post CodeCountry

PRELIMINARY CREDIT ASSESSMENT REQUEST - EMPLOYMENT DETAILS
PRIMARY BORROWER EMPLOYMENT DETAILS

Current Employer
Current Employment Start Date*

DayMonthYear
Your Annual Salary*
Based on your payslips. Do not include bonuses or superannuation benefit
Other Taxable Income*
Include work related Bonus or other work incentives. Do not include Rental income here.
Investment Income*
Any investment income eg: from shares or savings etc... Do not include Rental income here.
Other Non-Taxable Income*
Eg; Centre Link Benefits or other Pension
Has your income been constant over the past two years?

Please select option below or provide other details
Has your income been constant?*

Yes, I have worked full time for over the past 2 yearsNo, I have been working on a part-time basisI have had various jobs ranging from full time to casual workNo, I have only been working on a casual basisOther
Other Details
Please include any details in relation to your current employment situation

PRELIMINARY CREDIT ASSESSMENT REQUEST - EMPLOYMENT DETAILS
If you are Self-Employed please complete the following details

Primary Borrower
Please include your A.B.N
Please include your ABN number if you are Self-Employed
Your Accountant Name
Please provide your Accountant trading name if you are Self-Employed
Accountant Address

Street Address

Street Address Line 2

CityState

Post CodeCountry
Accountant Number

Area CodePhone Number

PRELIMINARY CREDIT ASSESSMENT REQUEST - EMPLOYMENT DETAILS
If you have been working with your current employer for less than 2 years please enter details of previous employer below

Primary Borrower
Please make sure you include at least two years of continuous work history details below:

Your work history is very important to a lender
If less than 2 years at current job
Previous Employer Name
Employer Previous Address
The actual street address of your previous employment you attended
Previous occupation
Please include your occupation at your previous job
Employment Industry
Select Industry
Start Date

MonthDayYear
End Date

MonthDayYear
Employment Comments
Please enter other employment details to cover a 2 year period

PRELIMINARY CREDIT ASSESSMENT REQUEST - PERSONAL DETAILS
Your Co-borrower details

Second Borrower Details
If your Partner or Spouse will not be a Co-borrower then please complete the following details:

If you have a Spouse or a Partner that are co-borrowers to this assessment please complete the Second Borrower section below.
My Spouse or Partner will not have any interest in this loan or security property being offered hence, I will be borrowing only under my name however, their financial status is as follows. If this section does not apply to you please tick the last option below ''This section does not apply to my current circumstances as I do not have a spouse or partner''
Please select most suitable options, you can select more than one*

They are NOT dependent on my income and are employed full time, we share our living expensesThey are totally independent of my income as they have a self funding trust fundThey are partly dependent on my income as they are employed on a part time basisThey are deriving rental income from their own investment property portfolio and are pretty much independent of my incomeThey are Home Duties bound taking care of the family (not working for an employer)This section does not apply to my current circumstances as I do not have a spouse or partnerOther
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)
If there is a Second Borrower to this Credit Assessment, please answer below....

This section must be completed if your partner or spouse will be on the Loan Application as a Co-borrower or has share title ownership on the property to secure this loan.
Additional Borrower to the loan?*

YesNo

PRELIMINARY CREDIT ASSESSMENT REQUEST - PERSONAL DETAILS
CO-BORROWER PERSONAL DETAILS

Details relating to the second borrower on the Loan Application
This section relates to the Co-Borrower's personal information. Please include your full legal name.
Title*
Co-Borrower Name*

First NameMiddle NameLast Name
Preferred name
Please provide other name you are also known by if applicable.
Date of Birth*

DayMonthYear
Relationship to Primary Borrower*
My Marital Status*
My Dependants*
Please select the number of dependants - do not include your spouse or partner here.
Age of Dependants*
Please include all ages of your dependants. Please input ''0'' if not applicable.
Drivers Licence*
Please provide your drivers licence number. Please input ''0'' if not applicable

PRELIMINARY CREDIT ASSESSMENT REQUEST - PERSONAL DETAILS
CO-BORROWER PERSONAL DETAILS

Second borrower details
CO-BORROWER CURRENT HOME ADDRESS

Your residential address. Please note that Lenders require the last two years of your residential address history.
Home Address*

Street Address

Street Address Line 2

SuburbState

Post CodeCountry
Residential Status*
Lived Here Since*

DayMonthYear

PRELIMINARY CREDIT ASSESSMENT REQUEST - PERSONAL DETAILS
CO-BORROWER PREVIOUS HOME ADDRESS

Please include your previous residential address if you lived for less than 2 years at current home address:
Previous address if less than 2 years at current address

Street Address

Street Address Line 2

SuburbState

Post CodeCountry
Lived Here From

MonthDayYear
Moved Out On

MonthDayYear

PRELIMINARY CREDIT ASSESSMENT REQUEST - PERSONAL DETAILS
CO-BORROWER CONTACT DETAILS

Personal Details
My E-mail*
This will be used as your primary email address
My Home Phone*

Area CodePhone Number
My Work Phone*

Area CodePhone Number
My Mobile*

NatMobile number

PRELIMINARY CREDIT ASSESSMENT REQUEST - PERSONAL DETAILS
CO-BORROWER HOBBIES, SPORTS AND INTERESTS

You may select more than one option or add your own
My Activities*

I participate in outdoor sports like tennis, soccer...I attend the gym weekly or on a regular basisI walk or run on a weekly basis including bike ridingI swim on a regular basisOther
Are you a smoker?*

YesNoOther
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)

PRELIMINARY CREDIT ASSESSMENT REQUEST - EMPLOYMENT DETAILS
CO-BORROWER EMPLOYMENT DETAILS

Please make sure you include at least two years of continuous work history.
Note: Please provide accurate information that reflect your current situation
Residency Status*
Your current residency status
My Education Level*
Members of Professional Associations qualify for additional loan and leasing finance benefits.
I am a member of a Professional Body*

YesNo
My Professional Association
Please select your Professional Association
Other Association
Please provide name of other Association if not listed above
Membership Number
Please provide your membership number
Employment Status*
Employment Industry*
Occupation*
As per employment agreement title - if not employed please enter N/A or Home Duties
Employer Name
If you are Self-Employed you may also include your company or business name here
Employer Address

Street Address

Street Address Line 2

SuburbState

Post CodeCountry

PRELIMINARY CREDIT ASSESSMENT REQUEST - EMPLOYMENT DETAILS
If you have been working with your current employer for less than 2 years please enter details of previous employer below

Co-borrower details. If you are undertaking Domestic Home Duties please state the date you started
Current Employment Start Date*

MonthDayYear
Your Annual Salary*
Based on your payslips. Do not include bonuses or superannuation benefit
Other Taxable Income*
Include work related Bonus or other work incentives. Do not include Rental income here.
Investment Income*
Any investment income eg: from shares or savings etc... Do not include Rental income here.
Other Non-Taxable Income*
Eg. Centre Link Benefits or other Government benefit
Has your income been constant over the past two years?

Please select option below
Has your income been constant?*

Yes, I have worked full time for over the past 2 yearsNo, I have been working on a part time-basisI have had various jobs ranging from full time to casual workNo, I have only been working on a casual basisOther

PRELIMINARY CREDIT ASSESSMENT REQUEST - EMPLOYMENT DETAILS
If you are Self-Employed please complete the following details

Co-borrower employment details.
Please include your A.B.N
Please include your ABN number if you are Self-Employed
Your Accountant Name
Please provide your Accountant trading name if you are Self-Employed
Accountant Address

Street Address

Street Address Line 2

CityState

Post CodeCountry
Accountant Number

Area CodePhone Number

PRELIMINARY CREDIT ASSESSMENT REQUEST - EMPLOYMENT DETAILS
Please make sure you include at least two years of continuous work history details below:

Co-borrower employment details
If less than 2 years at current job
Previous Employer Name
Employer Previous Address
Actual street address of your previous employment you attended
Previous Occupation
Please include your occupation at your previous job
Start Date

MonthDayYear
End Date

MonthDayYear
Employment Comments
Please include any details in relation to your current employment situation or previous employment
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)

PRELIMINARY CREDIT ASSESSMENT REQUEST - FINANCIAL OBJECTIVES DETAILS
MY FINANCIAL OBJECTIVES

Relating to all applicants for this assessment
Know Your Numbers?
It’s all about the numbers…. This Preliminary Credit Assessment review aims at identifying and interpreting your financial numbers in context of credit risk. All financial models are based on minimising the risk of making bad investments and maximise margins where feasible. When banks lend out money to individuals they are investing in those borrowers with the expectation that they will pay on time every time. This business model applies to every economic sector in the market and not only limited to the banking system.

This report will provide you with your personal BEN Stress Financial Score identifying your financial Key Performance Indicators that underpins your personal financial stress position. Knowing your BEN score will help you better manage your mortgage portfolio and align your personal financial position to acceptable financial standards.
Circumstances Leading to Consumer Financial Hardship
Studies have shown that there is a direct link between personal wellbeing and the status of your financial position. Unfortunately, enduring credit stress is a real threat and we are all susceptible to enduring financial hardship which inevitably may lead to emotional stress and other health problems.

Below are the most common reported causes that lead consumers to financial hardship; unemployment and income reduction make up for more than 50% of the causes of mortgage stress! The importance of planning your credit borrowing strategy is paramount.
Could any of these unexpected events happen to you? If so, how would you be able to cope?
Source: GE Insurance
Meeting Minimum Debt Repayments

A savings buffer is critical if households are faced with a financial emergency. It is those households that have low comfort with regards to savings and typically overspend each month that also report they would not be able to raise $3,000 in an emergency and many would not be able to maintain their lifestyle for long if they lost their income.
Studies have shown that there is a direct link between personal wellbeing and the status of your financial position. Source: GE Insurance
Please proceed with completing your Financial Objectives

Please be as detailed as possible
NOTE: Your Preliminary Credit Assessment Report will provide you with your BEN Financial Stress Score which is totally dependent upon the accuracy of the information that you provide in the following pages.

Whenever you borrow money there is always the risk that financial stress can set in. Please consider the above critical information when providing your answers.

PRELIMINARY CREDIT ASSESSMENT REQUEST - FINANCIAL OBJECTIVES DETAILS
MY FINANCIAL OBJECTIVES

Please provide accurate responses
This section relates to your Financial Objectives
Please be as detailed as possible with your replies. If there is a co-borrower to this application then please add the total of assets and or shared concerns.
WHERE ARE YOU ON THE LIFE STYLE JOURNEY?
Please choose the life stage applicable to you not necessarily based on your age stage.

	Establishing and building a career, still studying, perhaps starting a relationship or family, looking at a first home or investment property loan. Buying a car. Looking at options such as income protection, debt management or family healthcare or other options.	A consolidation stage? Achieving a comfortable lifestyle and thinking about managing your long term future. Perhaps further studying, Still progressing in your career. Maybe looking at protecting of lifestyle, healthcare, further investments, tax management, inheritance, maybe starting at retirement planning or long-term care planning or other options.	Planning for retirement and your priorities will depend on how well you prepared, your concerns may point to protection of assets, debt elimination, family healthcare, helping out family members, retirement planning, wills & trusts or business exit strategy or other options	This is the time to indulge in travel & hobbies enjoying your family and preparing to transfer your wealth. You may be thinking of protection of assets, healthcare, aged care planning, inheritance tax mitigation, gifting to family, preserving your capital and estate planning or other options.
CURRENT LIFE STAGE

If your current Life Stage is not summarised above please highlight details below

Including Co-borrower if applicable
My Life Stage*
Please provide additional information relating to your current Life Stage situation

PRELIMINARY CREDIT ASSESSMENT REQUEST - FINANCIAL OBJECTIVES DETAILS
IN PERSPECTIVE - MONEY MATTERS YOU SHOULD HAVE SORTED BY NOW....

What the experts say....
What you should have sorted by your 30's

1. Become financially independent of your parents

2. Have your professional qualifications all in order and your career on track

3. Start your 30s debt free - specifically your consumer debt (credit cards and personal loans). Even your HECS or HELP debt should be well on its way out of your life

4. Know the basics about your finances and have a serious plan to save money and build an investment portfolio by borrowing from a bank. Make additional contributions into your superannuation fund if you can

5. Get in the habit of checking your credit score, remember that your credit score is your financial reputation all the time

6. Maybe starting a family ... plan for the additional cash strain
What you should have sorted by your 40's

1. You’re properly insured

2. Have established good credit history. Maybe borrowing again for investment purposes to compliment your current investment portfolio

3. You’ve got an investment portfolio either an investment property (including an owner occupied) or a share portfolio something beyond a savings account

4. You’ve got an emergency fund to cover you for at least five to six months of essential living expenses called it a ''Rainy day Fund'' beyond your superannuation fund

5. Be done with impulse buying ... Plan your purchases wisely... with the money that you save contribute into your superannuation fund

6. Maybe starting a family or looking after one ... plan for the additional cash strain
What you should have sorted by your 50's

1. You’re going into your 50s with the basics covered: your will is in place and your health care directive also in place, estate planning taken care of

2. Your risk insurances are in place .... Your superannuation is looking healthy, maybe you may have also started your own SMSF fund

3. Your investment portfolio debt or your owner occupied home mortgage is coming way down with equity built-up... your future income stream is on track

4. Your vision for the future. This is the time you should be asking yourself the quality-of-life questions about how you want your retirement to look and how much it is going to cost in a serious way, this isn’t day-dreaming but a serious investment in your future.

5. Plan to have a serious conversation with a qualified licenced Financial Planner for an holistic overview of your current financial position

6. By the age of 65 you should have around 8 times the average salary in retirement benefits from all investment sources generating you a monthly income stream to live comfortably

PRELIMINARY CREDIT ASSESSMENT REQUEST - FINANCIAL OBJECTIVES DETAILS
Is your current Superannuation working for you?

Please provide details including Co-borrower's if applicable
Your Retirement Age?*
At what age are you planning to retire?
Co- Borrower Age?
At what age is the co-borrower planning to retire? If no co-borrower, please input ''0''
What type of Superannuation Fund do you currently have?

Including Co-borrower if applicable
Type of Superannuation*

Employer supported Superannuation FundSelf Managed Superannuation Fund (SMSF)I don't believe in SuperannuationI do not have any Superannuation benefitsHave various employer Superannuation funds from previous jobsOther
Fund Name Provider(s)?*
Please provide the name(s) of the Superannuation company(s)
Are you currently making additional Superannuation contributions on top of your employer minimum contribution?

Including Co-borrower if applicable
Superannuation Contributions*

YesNo
Additional Contributions?*
If yes, please state the monthly additional contributions
Superannuation Balance?*
Please provide your total superannuation value (including all your super funds)
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)

PRELIMINARY CREDIT ASSESSMENT REQUEST - FINANCIAL OBJECTIVES DETAILS
My Financial Objectives

Please provide accurate responses
Do you have all your risk insurances in place? Are you adequately covered?

Risk insurance relates to Life Insurance, Income Protection Insurance, Total & Permanent Disability and Trauma Insurance (select applicable options) Including Co-borrower if applicable.
It is difficult to achieve your goals should you become seriously ill, injured or worse. Why jeopardise your goals and more importantly your family's future security? The answer is you don't have to. Being adequately protected means you have complete peace of mind. If required we can refer you to an appropriate financial planner for holistic advice.
Risk Insurance?*

Yes, I have related risk insurance as part of my SuperannuationI also have additional risk insurance coverage outside of my SuperannuationI have mortgage protection insurance to cover the bankNo, I don't have any risk type insuranceThinking of getting some form of Life Insurance or risk insurance cover soonI/we will not be considering purchasing any life or risk type insurance coverPlease provide me/us with a quote for risk type insurance cover by referring us to an appropriate authorityOther
The need to be adequately insured. In the event of a serious illness or accident that stops you from working for a prolonged period of time, how will you pay your mortgage (or rent if you were to sell the property), cover other liabilities or ongoing expenses or maintain the lyfestyle your family is accustomed to now (for example, pay for schoold fees or kid's activities). Appropriate risk insurance cover can provide the assurance that the family will be taken care of.
Income Protection Cover*
Total monthly income protection cover
Life Insurance Cover?*
Your total Life Insurance cover
TPD Cover*
Your TPD Cover amount
Insurer Name*
Name of Life Insurance company

PRELIMINARY CREDIT ASSESSMENT REQUEST - FINANCIAL OBJECTIVES DETAILS
If you own a property(s) do you have appropriate Home Building or Contents insurance?

Including Land Lords Insurance. You can select more than one option
Applicable Insurances*

Yes, I/we have appropriate home building insurance together with contents coverNo I/we do not have home building and contents insurance as it is too expensiveDo not have this type of insurance cover as I/we do not have a propertyI/we own an apartment and we only have contents cover as the building is covered under the strataI/we own an investment apartment and only have landlords insuranceI/we own an investment house and we have the building cover and landlords insurance in placeOther
Insurer Name*
Please provide name of Insurance company

PRELIMINARY CREDIT ASSESSMENT REQUEST - FINANCIAL OBJECTIVES DETAILS
Do you have private Medical Health Insurance Cover?

Such as Medibank and HCF etc.... Including Co-borrower if applicable
Health Insurance Details*

Yes, I/we have adequate Health Insurance CoverageNo, I/we do not have Health Insurance CoverageI am/we are thinking of obtaining Health Insurance Cover soonI/we have no plans to obtain Health Insurance Cover in the near futureOther
Insurer Name*
Please provide name of Health Insurer Provider

PRELIMINARY CREDIT ASSESSMENT REQUEST - FINANCIAL OBJECTIVES DETAILS
Your Discretionary Savings Safety Net

Please provide details below. Including Co-borrower if applicable.
Discretionary Savings Safety Net: Assuming your income/s stops tomorrow due to work retrenchment/s or other circumstances; considering your current monthly expenses or unexpected emergencies, how many months could you support paying these expenses without working? (Considering that the average person would struggle to go beyond one month). As a guide an emergency fund should cover you for at least five to six months of essential living expenses.
Please Explain*
'emergency' amount is held in savings or in a deposit offset account even available funds in a mortgage redraw or credit card
Following on the above question: how much in accessible funds do you have to meet unexpected contingencies or emergencies?
Amount*
Please confirm amount of ''emergency'' funds that you may have
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)

PRELIMINARY CREDIT ASSESSMENT REQUEST - FINANCIAL OBJECTIVES DETAILS
What does Financial Independence mean to you?

Its everybody's dream
Financial Independence? *
Please provide your thoughts on what it would mean to you to be financially independent...
Please provide other financial plans and objectives not covered above....
Other goals and plans *
Please provide any other plans or objectives that you have set yourself and not covered above
How do you feel about your current progress being made towards achieving your financial goals?
Your Goals Progress *
Please provide details on how you feel about your current progress on the financial plans you have set yourself
Satisfaction Rating Scale

Please rate your current satisfaction level towards your personal financial goals progress where 1 is least satisfied and 5 is most satisfied.

Goals Progress Rating*

	1	2	3	4	5

1 is Worst, 5 is Best

Are you aware of any near future (12 months or so) changes to your income or job security that may affect your ability to meet your financial obligations?

If yes, please provide details. This also applies to the co-borrower if applicable.
Future Changes*
This is a very critical question as the loss of employment for a protracted period can be devastating for any mortgage holder
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)

PRELIMINARY CREDIT ASSESSMENT REQUEST - LOAN NEEDS DETAILS
What is the difference between Principle & Interest and Interest Only monthly loan repayments?

Please tick the box below to confirm that you fully understand the difference between interest only to principle and interest.
Risks of repayment interest-only home loans

If you take out an interest only loan, you only pay back the interest charged and not the principal amount of the loan. So you’re not actually paying off the property loan at all. Why would you do that? The interest only loan still needs to be paid off at some point! During the interest-only period, you do not reduce the amount of money you owe, which means you'll end up paying a lot more interest over the life of the loan, compared to a principal and interest loan.

Generally, you only qualify for an interest only payment period for the first 5 years of the loan term in a loan in a 30-year mortgage, after the first 5 years are up, the loan will revert to a regular principal plus interest loan. This means that you will have only 25 years to pay off the principal and interest component, which will raise your monthly loan repayments (your repayments will be significantly larger every month as you'll have less time to do it in).

Unless there is a specific (and good) reason that you can prove to the lender for you to be choosing an interest only loan, you could just be delaying – at your own cost – the inevitable. Before you take out an interest-only home loan, you'll need to work out if you can afford the increased repayments.

As rule if you buy an owner occupied property then we will set the monthly loan repayments based at principle & interest why? Most home loans are principal-and-interest loans which means that your regular payments will reduce the principal (amount borrowed) as well as paying off the interest.

Interest Only loans are generally for investors where they pay the interest only when they borrow for an investment property and they may receive a tax deduction for doing so. This can help maximize tax deductions an interest only home loan generally presents potential tax benefits to investors however, home owners do not gain from the same tax benefits and an Interest Only loan will actually cost much more in the long run.

Example: Let’s assume you borrow $400,000 @4.50% over a 30 year term and you decided to pay at interest only for the first 5 years:

RESULTS

1.        Monthly repayments    $1,500.00

2.        Total cost of loan $490,000.00

3.        Total interest payable $90,000.00

Then, it rolls over after 5 years at Principle & Interest for the remaining 25 years @4.50% (how does this look?)

RESULTS

1.        Monthly repayments    $2,223.33    your payment will increase by $724 per month after 5 years

2.        Total cost of loan $756,998.97

3.        Total interest payable $356,998.97
Star Rating Scale

Please rate your acceptance of the argument proposed above to not choosing an interest only loan for owner occupation purposes where 1 star is least agreeable and 5 star is most agreeable.
Rating Scale*
I/we understand*

I/we confirm that I/we understand that borrowing to buy or refinancing for an owner occupied property should be set at principle & Interest repayments to minimise the interest payments

PRELIMINARY CREDIT ASSESSMENT REQUEST - LOAN NEEDS DETAILS
IMPORTANT: What is your ultimate loan mortgage repayment (exit strategy) plan to make sure that you pay out the loan within the loan term you have selected (e.g: 25 or 30 years etc...) or sooner? Effectively to pay out your loan before you retire. Please select from options below and you may add further notes is required ....
Exit Strategy*

The ultimate plan is to sell the property and payout the loan from the surplus funds of equity built up in capital growthNo need to sell as the rental income received is well above the loan repayments hence, the additional rent will pay out the loan over timeI/we have additional investment properties that we could sell as we approach retirement to clear out this loan liabilityI/we have sufficient funds in Superannuation account that can cover the loan balance upon retiringOther
Exit Strategy*
Please confirm your ultimate loan payout strategy if not covered above
Rating Responses*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)

PRELIMINARY CREDIT ASSESSMENT REQUEST - LOAN NEEDS DETAILS
Are you now requesting to increase your current loan limit or are you looking at a separate new loan or refinancing your existing mortgage loan?

Please select the applicable option
If you are considering borrowing additional funds by increasing your current loan account, please select Option 1 Loan Increase.

If you are considering refinancing your current mortgage loan please select Option 2 Loan Refinance.

If you are requesting a brand new loan to buy a property (including SMSF) or other purpose, please select Option 3 New Loan

LOAN FACILITY TYPE REQUEST

Please select the applicable option below. Please select the loan option you require. Options 1) Loan Increase 2) Loan Refinance 3) New Loan
Loan Options *

PRELIMINARY CREDIT ASSESSMENT REQUEST - ASSETS AND LIABILITIES DETAILS
MY ASSETS AND LIABILITIES SCHEDULE
This section relates to your current Assets and Liabilities and Income derived from your investments such as rental income. Please also include your Owner Occupied property here.
Do you own Real Estate?*

YesNo
Please do not include any Off-The-Plan properties purchased here

PRELIMINARY CREDIT ASSESSMENT REQUEST - ASSETS AND LIABILITIES DETAILS
PROPERTY: 1

This section relates to your first property whether owner occupied or for investment
This section relates to your Real Estate Assets and their respective Liabilities and Rental Income - please complete as applicable
NB: Please also include your owner occupied property as your first asset if applicable. PLEASE DO NOT INCLUDE ANY SMSF SUPERANNUATION PROPERTIES HERE. Please also do not include any off-the-plan properties here, as you may have already completed the proposed details under the loan requirements section above.
Property Address

You may list your first property as your owner occupied home here if applicable
NB: PLEASE DO NOT INCLUDE ANY SMSF SUPERANNUATION PROPERTIES HERE.
Address*

Street Address

Street Address Line 2

SuburbState

Post CodeCountry
Type of Property*
Please select type of property
Property Use*
Please provide property use
Date Loan Settled*

DayMonthYear
Loan Limit *
Please provide the current loan limit if application. Please ''0'' if not applicable
Loan Balance *
Please provide the current loan balance if application. Please ''0'' if not applicable
Owner of Property*
Please confirm the owner(s) of this property
Are you Refinancing this loan?*

YesNo
Weekly Rental*
Please provide the weekly rental income if applicable
Name of Lender*
Please provide name of lender if the property is mortgaged. please input zero if not applicable.
Mortgage Monthly Payment*
Please provide the monthly repayment if the property is mortgaged - please input zero if not applicable
Property Value*
Please provide an estimated value of this property
Comments
Please share any other information in relation to this property eg; are you planning to sell or renovate.
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)
DO YOU OWN A 2ND PROPERTY?

Please complete details of your second property if applicable
Do you own a 2nd property?*

YesNo

PRELIMINARY CREDIT ASSESSMENT REQUEST - ASSETS AND LIABILITIES DETAILS
PROPERTY: 2

This section relates to your second property whether owned or mortgaged
This section relates to your second property and its respective Liabilities and Rental Income - please complete as applicable
NB: PLEASE DO NOT INCLUDE ANY SMSF SUPERANNUATION PROPERTIES HERE.
Address*

Street Address

Street Address Line 2

SuburbState

Posta CodeCountry
Type of Property*
Property Use*
Date Loan Settled*

DayMonthYear
Name of Lender*
Please provide name of lender if the property is mortgaged - if not applicable please enter N/A
Loan Limit*
Loan Balance *
Owner(s) of this property*
Are you refinancing this loan?*

YesNo
Weekly Rental Income*
Please enter your weekly rental income
Mortgage monthly payment*
Please provide the mothly mortgage payment if applicable
Property Value*
Comments
Please share any other information in relation to this property eg; are you planning to sell or renovate....
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)
DO YOU OWN A 3RD PROPERTY?

Please complete details of your third property if applicable
Do you own a 3rd property?*

YesNo

PRELIMINARY CREDIT ASSESSMENT REQUEST - ASSETS AND LIABILITIES DETAILS
PROPERTY: 3

This section relates to your third property whether owned or mortgaged
This section relates to your third property and its respective Liabilities and Rental Income - please complete as applicable
NB: PLEASE DO NOT INCLUDE ANY SMSF SUPERANNUATION PROPERTIES HERE.
Address*

Street Address

Street Address Line 2

SuburbState

Posta CodeCountry
Type of Property*
Property Use*
Date Loan Settled*

DayMonthYear
Name of Lender*
Please provide name of lender if the property is mortgaged - if not applicable please enter N/A
Loan Limit*
Please provide your current loan limit
Loan Balance*
Please provide your current loan balance
Owner(s) of this property*
Are you refinancing this loan?*

YesNo
Weekly Rental Income*
Please provide your weekly rental income if applicable
Mortgage monthly repayment*
Please provide your monthly mortgage loan repayment
Property Value*
Please provide the estimated property value
Comments
Please share any other information in relation to this property eg; are you planning to sell or renovate....
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)
DO YOU OWN A 4TH PROPERTY?

Please complete details of your fourth property if applicable
Do you own a 4th property?*

YesNo

PRELIMINARY CREDIT ASSESSMENT REQUEST - ASSETS AND LIABILITIES DETAILS
PROPERTY: 4

This section relates to your fourth property whether owned or mortgaged
This section relates to your fourth property and its respective Liabilities and Rental Income - please complete as applicable
NB: PLEASE DO NOT INCLUDE ANY SMSF SUPERANNUATION PROPERTIES HERE.
Address*

Street Address

Street Address Line 2

SuburbState

Post CodeCountry
Type of Property*
Property Use*
Date Loan Settled*

DayMonthYear
Name of Lender*
Please provide the name of the Lender
Loan Limit*
Please provide your current loan limit amount
Loan Balance*
Please provide your current loan balance if applicable
Owner(s) of this property*
Are you refinancing this loan?*

YesNo
Weekly rental income*
Please provide your weekly rental income
Mortgage monthly repayment*
Please provide your monthly mortgage payment
Property Value*
Please provide the estimated property value
Comments
Please share any other information in relation to this property eg; are you planning to sell or renovate....
Enter other property details that you may own (not included above)
Please enter any other property address that you may own not covered above. Please include details as per above.
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)
Please continue entering your Non-Real Estate assets

PRELIMINARY CREDIT ASSESSMENT REQUEST - ASSETS AND LIABILITIES DETAILS
MY NON-REAL ESTATE ASSETS

Please list all your Non-Real Estate Assets
This section relates to your other personal Non-Real Estate Assets - please complete as applicable.

Please read the tag lines for further clarification below fields to better evaluate your assets
Art and Collectables*
Please specify any art work or collectables value
Shares Portfolio Value*
Total direct shares investments eg; CBA or NAB shares etc.... Please provide copies of statements.
Managed Funds Value*
Invested with a broker firm or other company eg; shares, bonds, property trusts etc....
Savings Value*
Your total savings amount including any surplus funds in your mortgage(s) or deposit offset account(s)
Term Deposit Value*
Total amount invested with your bank or other financial institution. Please provide copies of bank statements.
Bank Savings*
Please include total bank account savings including those spread over multiple banks or bank accounts.
Superannuation Value*
Include the total value of all your employer(s) Super funds - you may also include your SMSF funds
SMSF Superannuation Value*
Include the total value of an SMSF Super if in rental property(s).
Deposit Paid Value*
Any deposit paid relating to a property purchase incl. off-the-plan purchases Please provide copies of statements.
Property Sales Proceeds Value*
Amount of surplus funds after a property(s) sale. Please provide copies of solicitor letter. and or bank statements.
Home Contents Value*
Including furniture, white goods, computers, Jewellery, TV's, clothes and shoes. Please provide your insured value.
Motor Vehicle 1 Value*
Please do not add any liability against this motor vehicle here
Motor Vehicle 2 Value*
Please do not add any liability against this motor vehicle here
Motor Vehicle 3 Value*
Please do not add any liability against this motor vehicle here
Other assets not covered above? Please list them below ...
Other Assets not listed above
Please list here any other assets not included in the above asset categories
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)

PRELIMINARY CREDIT ASSESSMENT REQUEST - ASSETS AND LIABILITIES DETAILS
MY LIABILITIES

Please provide detailed information
This section relates to your current Liabilities - Do you have Motor Vehicle related finance? Please do not complete if your motor vehicle is under your company name.
Do you own a Motor Vehicle ?*

YesNo

PRELIMINARY CREDIT ASSESSMENT REQUEST - ASSETS AND LIABILITIES DETAILS
This section relates to your Motor Vehicle related finance

Please enter your Car Loan details below. Please do not complete if motor vehicle is under your company name.
Please include loan balance, monthly payment, name of lender. Please complete as applicable.
Motor Vehicle 1 Loan *
Current loan balance remaining
Model*
Please describe the model of the car eg; Mercedes-AMG 43 Range
Monthly Payment*
Please confirm your monthly payment
Value*
Please confirm motor vehicle insured value
Name of Lender*
Please include the name of bank or other financial institution
Term Remaining*
Please confirm the number of years remaining to payout
Details relating to your second Motor Vehicle loan if applicable
Motor Vehicle 2 Loan
Current loan balance remaining
Model
Please describe the model of the car eg; Mercedes-AMG 43 Range
Monthly Payment
Please confirm your monthly payment
Value
Please confirm motor vehicle insured value
Name of Lender
Please include the name of bank or other financial institution
Term Remaining
Please confirm the number of years remaining to payout
Details relating to your third Motor Vehicle loan if applicable
Motor Vehicle 3 Loan
Current loan balance remaining
Model
Please describe the model of the car eg; Mercedes-AMG 43 Range
Monthly Payment
Please confirm your monthly payment
Value
Please confirm motor vehicle insured value
Name of Lender
Please include the name of bank or other financial institution
Term Remaining
Please confirm the number of years remaining to payout
Comments
Please share any additional information relating to these motor vehicle liabilities
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)

PRELIMINARY CREDIT ASSESSMENT REQUEST - ASSETS AND LIABILITIES DETAILS
Do you have current Personal Loans?

Including HECS and HELP - student loans. Please list them below.
Do you have Personal Loans?*

YesNo

PRELIMINARY CREDIT ASSESSMENT REQUEST - ASSETS AND LIABILITIES DETAILS
PERSONAL LOANS

Please enter your Personal Loan details below
Please include loan balance, monthly payment, name of lender. Please complete as applicable.

Including HECS and HELP - student loans
Personal Loan 1 *
Please enter the loan amount remaining
Monthly Repayment*
Please confirm the monthly repayment
Name of Lender*
Please confirm the name of the lender
Term Remaining*
Please confirm the number of years remaining to payout
Details relating to your second Personal Loan if applicable

Including HECS and HELP - student loans
Personal Loan 2
Please enter the loan amount remaining
Monthly Repayment
Please confirm the monthly repayment
Name of Lender
Please confirm the name of the lender
Term Remaining
Please confirm the number of years remaining to payout
Details relating to your third Personal Loan if applicable

Including HECS and HELP - student loans
Personal Loan 3
Please enter the loan amount remaining
Monthly Repayment
Please confirm the monthly repayment
Name of Lender
Please confirm the name of the lender
Term Remaining
Please confirm the number of years remaining to payout
Additional Personal Loans?
Please list them here....
If you have additional Personal Loans please enter them here, specifying balance, name of lender and monthly repayment
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)

PRELIMINARY CREDIT ASSESSMENT REQUEST - ASSETS AND LIABILITIES DETAILS
Do you have current Credit Cards?

Please list them below
Do you have Credit Cards?*

YesNo

PRELIMINARY CREDIT ASSESSMENT REQUEST - ASSETS AND LIABILITIES DETAILS
CREDIT CARDS

Please include all your Credit Cards details below
This section relates to your current Credit Card(s).

Please provide accurate details
Credit Card 1 Limit*
Please provide the Credit Card limit
Type of Card*
Please provide the type of Credit Card
Lender Name*
Please provide the name of the lender. Please also include any store cards here
Please provide details of additional cards below
Credit Card 2 Limit
Please provide the Credit Card limit
Type of Card
Please provide the type of Credit Card
Lender Name
Please provide the name of the lender. Please also include any store cards here
Please provide details of additional cards below
Credit Card 3 Limit
Please provide the Credit Card Limit
Type of Card
Please provide the type of Credit Card
Lender Name
Please provide the name of the lender. Please also include any store cards here
Please provide details of additional cards below
Credit Card 4 Limit
Please provide the Credit Card limit
Type of Card
Please provide the type of Credit Card
Lender Name
Please provide the name of the lender. Please also include any store cards here
Additional Credit Cards?

Please list details below
Additional credit cards?
If you have additional Credit Cards please enter them here, specifying limit and name of lender. Please also advise if you are paying off any of the above Credit Cards?
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)

PRELIMINARY CREDIT ASSESSMENT REQUEST - ASSETS AND LIABILITIES DETAILS
Do you have a Tax Debt owing to the Tax Office?

Please list details below
Do you have a Tax Office Debt? *

YesNo

PRELIMINARY CREDIT ASSESSMENT REQUEST - ASSETS AND LIABILITIES DETAILS
TAX OFFICE DEBT

Please state any Tax Office liability that you may have outstanding or falling due
NB: It is extremely important to disclose all of your current liabilities and on-going credit facilities
If you own a tax liability (including GST) please state whether you have an ATO payment arrangement. Please state the total amount with any monthly repayments.
Tax Owing*
Total amount of tax owing including GST
Debt Owner*
Please select as applicable
Monthly Instalment*
Please confirm the monthly ATO payment arrangement amount
Term Expiry*
Please confirm the expiry date of the ATO payment arrangement period
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)

PRELIMINARY CREDIT ASSESSMENT REQUEST - BASIC LIVING & DISCRETIONARY EXPENSES DETAILS
MONTHLY HOUSEHOLD LIVING EXPENDITURE

Including your day to day budget living expenditure. This section is very critical and extremely important.
Determining accurate monthly household expenditure has become a major issue with ASIC and Banks so please answer the following section as accurately as possible.
''Before you get into debt, plan to get out of it... have an exit strategy!

Nobody should ever take on a debt without first having a good handle on their finances. First, you need a budget to know how much debt you can afford. Second, you need to work into your budget a plan to get out of debt. Third, you need the discipline to follow through with your plan.

Begin with the end in mind....''
This section relates to your day to day living expenditure in addition to commitments you have already declared above. NOTE: Average Monthly variable expenses includes: food; clothing, utilities, transport costs, insurances, rates & discretionary living expenses.
Do you currently have a personal or family budget in place to help you manage your monthly financial commitments and to achieve your financial goals?
Do you have a Family Budget?*

YesNo
If NO, please explain reason
IN PERSPECTIVE - RAISING A CHILD IN AUSTRALIA

What the experts say....
$440,000 to raise a child in Australia. Make sure your family is protected.

Raising a child in Australia is increasingly expensive. It seems that nowadays, everything costs more; from the essentials like healthcare, education and general living costs (housing, clothing, and food) to travel, hobbies, after-school activities.

While the average household income has steadily increased, so have child-rearing expenses; including childcare and education.

It is about managing and controlling your income and expenditure, saving and investing and minimising your financial stress.

BOTTOM LINE

For every dependent child, you have will reduce your borrowing capacity by around $100,000 on a home loan, so two children will reduce your loan amount by $180,000 etc... The amount will reduce further if you are paying private school fees.
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)

PRELIMINARY CREDIT ASSESSMENT REQUEST - BASIC LIVING & DISCRETIONARY EXPENSES DETAILS
MONTHLY HOUSEHOLD LIVING EXPENDITURE

Including your day to day budget living expenditure. This section is very critical and extremely important.
AVERAGE MONTHLY VARIABLE EXPENSE CATEGORIES

Please note that all expenditures should be expressed as monthly figures. Looking at your current banking transaction statements can be helpful in completing the following
Determining accurate monthly household expenditure has become a major issue with ASIC and the Banks so please provide accurate responses in the following sections.
This section relates to your day to day living expenditure in addition to commitments you have already declared above. NOTE: Average Monthly variable expenses includes: food; clothing, utilities, transport costs, insurances, rates & discretionary living expenses.
The above diagrams show you the many categories of expenditure (not meant to be exhaustive) that we are now conditioned to pay without questioning. To note that the above categories do not include mortgage and or credit cards and personal loans repayments.
BASIC MONTHLY LIVING EXPENSES

Please provide monthly category totals. Please enter ''0'' if not applicable.
Please do not include Credit Cards, Personal Loans or Mortgage Repayments below, these expenses should have been already disclosed above in previous pages.
Groceries Expenses*
Everything in your shopping bags including All FOOD such as fruit, meats, seafood... from Coles, etc...
Clothing & Footwear*
Including casual wear, formal, business suits, children clothes, sports shoes. Do not include school related
Homewares & Appliances*
Eg: Including home furniture from eg; IKEA, Harvey Norman, Amazon and or other stores etc...
Transport related*
Including bus fares, taxis, Uber, train fares, parking etc...
Personal Care*
Includes colognes, deodorant, lotions, makeup, perfumes, razors, shaving cream, moisturisers, soaps etc,

PRELIMINARY CREDIT ASSESSMENT REQUEST - BASIC LIVING & DISCRETIONARY EXPENSES DETAILS
Utilities Monthly Expenses for your owner Occupied Occupied property

Please refer to your rates notices for accurate responses. Please provide monthly category totals.
Electricity Rates*
Your average monthly electricity bill. Please enter ''0'' if not applicable.
Gas Rates*
Your average monthly gas bill. Please enter ''0'' if not applicable.
Council Rates*
Your property council rates. Please enter ''0'' if not applicable.
Strata Levies*
Include your strata levies. Please enter ''0'' if not applicable.
Water Rates*
Your average monthly water bill. Please enter ''0'' if not applicable.

PRELIMINARY CREDIT ASSESSMENT REQUEST - BASIC LIVING & DISCRETIONARY EXPENSES DETAILS
DISCRETIONARY MONTHLY EXPENDITURE

Please provide monthly category totals. Please enter ''0'' if not applicable
Childcare*
Childcare related expenses applicable - eg. Day care Centres for children under 4 or 5 years old
Gym, Sports related*
Please provide details of any gym subscriptions, participating sports fees such as tennis, golf, bike ryding etc....
Work Lunch Money*
Please provide how much you spend on work related lunch and coffee and tea money every month
Entertainment*
Going out ... movies, car rentals, parties and celebrations etc... (do not include restaurants or eating out here)
Education*
Courses that you are taking at Uni or TAFE, HECS to further careers. Do NOT enter children education costs here.
School Fees*
Private school fees including pre-school fees and for primary and secondary and high schools, School Uniforms,
Children Lunch Money*
Please provide details of lunch money given to your school children every month if applicable
After School Activities*
Children's sports fees, martial arts, dancing, tennis lessons, drama + before & after school care etc...
Gifts & Presents*
Birthday presents, anniversaries, wedding presents, other gifts and Donations
Hair Salon Services*
Hair Salon relates services such as hair colouring, skin clinic and day spa services, laser facials to anti-ageing injections.
Accessories*
Accessories such as Bags, Jewellery, Belts, Hats and shoes, Hair accessories and mobile accessories and other
Holidays & Travel*
School holidays... work holidays... Travel, overseas or interstate holidays.
Eating Out*
Please provide details of dining out costs ... restaurants, cafes, daily coffees lunches, dinners etc... ,
Hobbies*
Please confirm any Hobbies associated costs you might have

PRELIMINARY CREDIT ASSESSMENT REQUEST - BASIC LIVING & DISCRETIONARY EXPENSES DETAILS
INSURANCE MONTHLY EXPENSES

Please provide monthly category totals - Please enter ''0'' if not applicable
HealthCare Related*
Please include your Private Health Care Fund monthly premium such as eg: Medibank Private or HCF etc.
Home Insurance*
Please provide your total premium cost for your home insurance cover. Please provide Monthly break up.
Life insurance related*
Risk and life insurance premiums (outside of super) including TPD, trauma and income protection insurance.
Car Insurances*
If more than one car please include the total insurance premiums
Other Insurances*
Other types of insurance not covered above (do not include business type insurances here).

PRELIMINARY CREDIT ASSESSMENT REQUEST - BASIC LIVING & DISCRETIONARY EXPENSES DETAILS
VARIABLE MONTHLY EXPENSES

Please provide monthly category totals. Please enter ''0'' if not applicable
Spouse/Child Maintenance*
Please include any voluntary or court order Spouse and or Child maintenance commitments.
Professional Services*
Including accountant fees, financial planning fees, Mental & Healthcare Support Services or other related services
Motor Vehicle related*
Including petrol, registration, licences, car servicing and general maintenance and car washing (no ins costs here).
Technology related*
Internet/broad band, mobile plans, home phone, pay TV, subscriptions or other media streaming subscriptions etc...
Magazines Subscription*
Please state any subscriptions relating to magazines or newspapers or other personal social media platforms.
School Clothes & Footwear*
Please provide all new winter and summer school related clothes and uniforms and school shoes etc..,
Cigarettes & Alcohol*
Please complete as applicable. Please enter ''0'' if not applicable.
Medical Prescriptions*
Please provide details of any medical (for medicine or pharmacists) subscriptions that you have ongoing
Paying Rent?*
Are you currently paying rent? Do not include rent here if it stops once you settle this loan for a new property
Vitamins Tablets*
Please provide any associated costs to purchasing Vitamins

PRELIMINARY CREDIT ASSESSMENT REQUEST - BASIC LIVING & DISCRETIONARY EXPENSES DETAILS
Utilities Monthly Expenses for your Investment Property

Please complete only if you have an investment property(s). If you have more than one investment property please provide the monthly aggregate total for each category. See your rates notices for accurate responses.
Electricity*
Your average monthly electricity bill. Please enter ''0'' if not applicable.
Gas*
Your average monthly gas bill. Please enter ''0'' if not applicable.
Water*
Your average monthly water bill. Please enter ''0'' if not applicable.
Council Rates*
Your property council rates. Please enter ''0'' if not applicable.
Strata Levies*
Include your strata levies. Please enter ''0'' if not applicable.
TOTAL MONTHLY EXPENDITURE
TOTAL MONTHLY HOUSEHOLD LIVING EXPENDITURE

PRELIMINARY CREDIT ASSESSMENT REQUEST - BASIC LIVING & DISCRETIONARY EXPENSES DETAILS
Other Monthly Expenditure not covered above?

Please list missed monthly expenditure categories below. Please enter any other monthly expenditure not covered above. Please enter amount and type such as donations, PET Food and PET Insurances etc.... This amount will not be calculated in the total field above.It will be processed manually.
Other Expenditure?*
Will you be paying rent after settling this loan?

Please be specific
Renting Post Settling?*

YesNo
If Yes, please explain
Please provide details if you are planning to still pay rent or board after settling this loan
Will your monthly expenditure change within the next 12 months?

Please be specific
Expenditure Change?*

No, I/we do not anticipate any material change to current expenditure over the next 12 monthsYes, we are expecting a child soon, so we anticipate that expenses will increase from current levelsYes, my/our employment circumstances may change detrimentally over the next 12 months which may affect our monthly cash flowsYes, there may be some geographical factors that may contribute to higher living expenses .... we may be movingOther
If YES, please explain
If you expect your expenditure to increase over the next 12 months please provide additional information
In the event that your financial circumstances changed and your income level dropped how much of your discretionary expenditure as listed above would you be able to do without?
Please explain *
For example; cutting out on going out or spend less on travel or holidays etc...
Responses Rating *

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)

PRELIMINARY CREDIT ASSESSMENT REQUEST - MY LEGAL REPRESENTATIVE DETAILS
MY LEGAL REPRESENTATIVE

For property settlement details
Legal Representation
Will you be representing yourself for this loan transaction?
Representative*

YesNo
If No, please enter details of your Legal Representative below:
Service Providser
Name of Law Firm
Contact Person
Address of Firm

Street Address

Street Address Line 2

SuburbState

Post CodeCountry
Contact Number
E-mail
Please provide the email address of your legal representative
Comments
Please provide further details if required. If you do not have a Legal Representative yet input ''TBA''
Responses Rating*

Please rate your provided responses accuracy (1 star least accurate - 5 stars most accurate)

PRELIMINARY CREDIT ASSESSMENT REQUEST - MY DECLARATION AND DISCLOSURE DETAILS
DECLARATION & DISCLOSURE

Please read carefully
This section relates to your Declaration that all the information you have disclosed is true and correct

Please read Borrower Responsibility
Borrower Responsibility

A borrower must provide full disclosure of their current financial position. What do borrowers misrepresent? Their incomes by overinflating it and minimise their expenditure; lower the number of dependents, increase number of assets, increase their assets value, increase superannuation levels, increase rental income, employment tenure, employment position, education attainment, loan defaults and arrears, late notice in utility bills, child maintenance payments, business partnerships, acting as guarantors, company directorships, private family treaty agreements (for money borrowed) personal loans, credit card limits, car leases and loans, commercial loans.

The reality is that if a lender becomes aware of such omissions they will be forced to decline or cancel the loan application due to a borrower misrepresentation whether innocent or intentional. Unfortunately, when a lender declines a loan application due to a borrower non-disclosure of existing liabilities/loans it will place the borrower under extreme financial pressure especially where some borrowers decide to exchange on a property contract of sale. To note that borrowers can lose their deposits under such circumstances due to their inability to complete the purchase.

Consent to receive documents electronically

You consent to us providing you with documents by electronic communication, you confirm that paper documents may no longer be given and electronic communications must be regularly checked for documents. Consent to the giving of documents by electronic communication may be withdrawn at any time. OR

If your personal information is not provided

If you do not provide us with all of the information we request we may be unable to supply to you the product or service that you require.

By clicking on the SUBMIT button you consent and agree that we may collect, use and disclose your information as specified above.
I/We acknowledge having provided my/our true and correct financial information to John Ferretti as per my/our obligations as required under the National Consumer Credit Protection Act 2009 for the purpose of calculating and deriving my/our Preliminary Credit Assessment and Loan Suitability Report together with the Credit Proposal for the purpose of borrowing money.

I /We will provide all the necessary financial documentation as required by assessing bank credit analysts in order to provide me/us with a formal finance loan approval.

I/We also authorise and declare to give consent and instruct John Ferretti to undertake our/my employment and income verification due diligence process as it is required under the National Consumer Credit Protection Act 2009.

	Not Applicable to Me	I May Consider	Somewhat Important to Me	Very Important to Me
INTEREST ONLY - Preserve cash flow - tax benefits - construction
FIXED RATE - Concerned about interest rates - stability of payments
STANDARD VARIABLE - Flexibility - additional repayments - advanced features
BASIC VARIABLE - Low rate & fees with less features
INTRODUCTORY LOAN - Minimise initial repayments
LINE OF CREDIT - Easy access to funds - flexibility - additional repayments - higher interest rates
LOW DOC - Financials and tax returns not completed - profit increase since financials
NON-CONFORMING LOAN - Adverse financial history - unable to qualify for normal loan
DEPOSIT OFFSET ACCOUNT - Pay loan off soon as possible - use as a transactional account
MAKE ADDITIONAL REPAYMENTS - to help pay loan off as soon as possible
LOW FEES & CHARGES - Pay off the loan as soon as possible due to lower interest charges
PRINCIPLE & INTEREST - Pay off loan as soon as possible especially for owner occupied property
MOTOR VEHICLE FINANCE - I need to lease a new car to maximise cash flows
EQUIPMENT FINANCE - I need to lease equipment to maximise cash flows

	Not Applicable to Me	I May Consider	Somewhat Important to Me	Very Important to Me
I would not mind paying a small annual fee if it provides greater loan flexibility and benefits
I would like loan flexibility that allows me to increase my loan limit to use future funds if required
I would like a Basic Loan Package as loan feates are not important to me
I would like a full featured Home Loan Package as I need loan flexibility
I would like my loan to be on a variable interest rate which is subject to market conditions
I would consider to partly fix my rate as it is important to have repayments certainty
It is important to make interest only repayments for a specified term to increase my cash flow position
It is important to have a combination of fixed and variable interest rate on a mortgage loan
Important that the loan is paid out quickly and that additional repayments are allowed without penalty.
Important to have more than one sub account for savings or investment or for accounting purposes
I need Re-draw access to my additional repayments made should it be required in the future
Portability to have the option to transfer the loan to an alternative property to save money and time
It is important to be able to obtain available funds via EFTPOS, ATM, Internet or Cheque and BPAY

	Not Applicable to me	May Consider	Somewhat Important to me	Very Important to Me
Funding for Children Private School Education
Objective to payout this new mortgage loan as soon as possible within the next 10 to 15 years
Loan Flexibility is very important to meet with changing circumstances
Ongoing periodical loan review (to monitor payment progress with Credit Adviser is helpful
I am Planning to purchase an investment property within the next 1 - 2 years
I am Planning to retire from work within the next 20 to 25 years
I am Planning to retire on investment income and not depend on the old age pension
I am Planning to up-grade/renovate current home within the next 1 - 2 years
Income is expected to fall within the next 5 years therefore, adopting a more cautious borrowing strategy
Undertaking an aggressive investment property acquisition strategy over the next 5 years is very important
It is important to always monitor the market to make sure that the lowest interest rate is always achieved
It is important to always be on the cheapest rate in the market even if refinancing regularly is required
Planning to study for a higher degree to improve my future employment position
I am Self-Employed and my income is not always stable this could affect my overall borrowing amount
I don't think I am adequately insured for accident and illness, this does concern me to some degree

	YES	NO
Have you applied for this loan to any other lender in the last 6 months?
Have you ever had any financial judgements or legal proceedings against you?
Are you having difficulty meeting your current financial commitments?
Are any of your existing debts currently in arrears?
Have you made any debt agreements under Part IX of the Bankruptcy Act 1966
Have you been a director of a company in the last 5 years
Have you been a director or officer of a company to which a manager, receiver, controller administrator or liquidator has been appointed

Loan Application Enquiry to Settlement Process Map

''Obtaining a finance approval has a clear defined process where the outcome is a shared responsibility between the Customer, the Credit Adviser and the Lender"

IMPORTANT NOTICE TO CLIENTS:

PLEASE READ OUR PRIVACY POLICY BEFORE PROCEEDING

PRIMARY BORROWER PERSONAL DETAILS

YOUR PERSONAL DETAILS

PRIMARY BORROWER PERSONAL DETAILS

YOUR CURRENT HOME ADDRESS

PRIMARY BORROWER PERSONAL DETAILS

YOUR PREVIOUS HOME ADDRESS

PRIMARY BORROWER PERSONAL DETAILS

YOUR CONTACT DETAILS

PRIMARY BORROWER PERSONAL DETAILS

YOUR HOBBIES, SPORTS AND INTERESTS

PRIMARY BORROWER EMPLOYMENT DETAILS

Note: Please provide accurate information that reflects your current situation

PRIMARY BORROWER EMPLOYMENT DETAILS

If you are Self-Employed please complete the following details

Please make sure you include at least two years of continuous work history details below:

Your Co-borrower details

If your Partner or Spouse will not be a Co-borrower then please complete the following details:

If there is a Second Borrower to this Credit Assessment, please answer below....

CO-BORROWER PERSONAL DETAILS

CO-BORROWER PERSONAL DETAILS

CO-BORROWER CURRENT HOME ADDRESS

CO-BORROWER PREVIOUS HOME ADDRESS

CO-BORROWER CONTACT DETAILS

CO-BORROWER HOBBIES, SPORTS AND INTERESTS

CO-BORROWER EMPLOYMENT DETAILS

If you are Self-Employed please complete the following details

Please make sure you include at least two years of continuous work history details below:

MY FINANCIAL OBJECTIVES

Circumstances Leading to Consumer Financial Hardship

Please proceed with completing your Financial Objectives

MY FINANCIAL OBJECTIVES

WHERE ARE YOU ON THE LIFE STYLE JOURNEY?

IN PERSPECTIVE - MONEY MATTERS YOU SHOULD HAVE SORTED BY NOW....

Do you have a current Will in place?

Is your current Superannuation working for you?

My Financial Objectives

Do you have all your risk insurances in place? Are you adequately covered?

Do you have private Medical Health Insurance Cover?

Have you submitted a loan application to another lender before approaching Medicaid Finance?

Your Discretionary Savings Safety Net

My Financial Objectives

This section relates to your Home Loan product and Features requirements

MY HOME LOAN NEEDS SUMMARY - PREFERRED LOAN REQUIREMENTS

PREFERRED ADDITIONAL FEATURES

What is the difference between Principle & Interest and Interest Only monthly loan repayments?

FINANCIAL RISK BY DEGREE OF IMPORTANCE

Continued .... This section relates to your sentiment toward financial risk by degree of importance from ''Not Applicable to me'' to ''Very Important to Me''. Please rank the following statements that best reflect your needs.

Are you now requesting to increase your current loan limit or are you looking at a separate new loan or refinancing your existing mortgage loan?

REQUEST TO INCREASE CURRENT MORTGAGE LOAN

Your Current Mortgage Loan Details

Purpose for Increasing Your Loan?

REQUEST TO UNDERTAKE A NEW LOAN

Purpose for Requesting a New Loan?

Please provide details if you have purchased or are considering Purchasing a Property

REQUEST TO UNDERTAKE A LOAN REFINANCE

MY ASSETS AND LIABILITIES SCHEDULE

PROPERTY: 1

Property Address

DO YOU OWN A 2ND PROPERTY?

PROPERTY: 2

DO YOU OWN A 3RD PROPERTY?

PROPERTY: 3

DO YOU OWN A 4TH PROPERTY?

PROPERTY: 4

Please continue entering your Non-Real Estate assets

MY NON-REAL ESTATE ASSETS

This section relates to your other personal Non-Real Estate Assets - please complete as applicable.

Other assets not covered above? Please list them below ...

MY LIABILITIES

This section relates to your Motor Vehicle related finance

Please include loan balance, monthly payment, name of lender. Please complete as applicable.

Details relating to your second Motor Vehicle loan if applicable

Details relating to your third Motor Vehicle loan if applicable

Do you have current Personal Loans?

PERSONAL LOANS

Please include loan balance, monthly payment, name of lender. Please complete as applicable.