The flexible criteria we use to assess your application is generally more favourable than main stream banks. We verify all information provided in loan applications to ensure accurate details have been provided.
The decisions we make are based on the following key criteria:
Capacity - The ability to repay the loan and existing outgoings
Income - A consistent, stable and proven income is desirable
Security - Providing security can help you borrow a larger amount and can help reduce the interest rate we offer
Credit History - Good, proven credit experience is required or a Guarantor who has this proven track record
What's a Guarantor? - A Guarantor is someone that agrees to help pay your loan repayments if you fall into difficulty. For more information visit the Banking Ombudsmen Scheme website
No Finance Defaults - No recent payment or loan defaults to other financial institutions
We will assess the above attributes before approving any application for credit. We do this by verifying income, residential address, valuing security, and accessing your credit history.
If your application is not approved we can let you know what you need to do over a period of time to improve the likelihood of obtaining credit in the future.