Privacy declaration and consent

You have made an application for credit assistance from loans.com.au Pty Ltd ACN 082 587 095 (Australian Credit Licence 395219). By signing this form, you consent to us and any credit provider who at any time provides or has an interest in your credit facility (“We/Us”) and some other entities collecting, using, holding and disclosing personal and credit information about you. You can find out more about how we deal with your privacy by viewing our privacy policy at www.loans.com.au/privacy-policy. If you do not provide us with this consent or provide us with your personal information we may not be able to arrange finance for you or provide other services. We may collect, use, hold and disclose personal and credit information about you for the purposes of arranging or providing credit to you, managing that credit, direct marketing of products and services by us and managing our relationship with you.

Credit information includes the type and amount of credit provided to you, repayment history information, financial hardship information (including information that any repayments are affected by a financial hardship arrangement), default information (including overdue payments), and court proceedings information. We also use the term ‘credit information’ to refer to credit eligibility information, which is credit reporting information supplied to us by a credit reporting body, and any information that we derive from it.

Personal information includes any information from which your identity is apparent. You may gain access to the personal information that we hold about you by contacting us. Our privacy policy contains information about how you may access or seek correction of your personal information and credit information, how we manage that information and our complaints process. It also contains information on ‘notifiable matters’ including things such as the information we use to assess your creditworthiness, what happens if you fail to meet your credit obligations or commit a serious credit infringement, your right to request that credit reporting bodies (CRBs) not use your credit information for the purposes of pre-screening of direct marketing, and your right to request a CRB not to use or disclose credit information about you if you believe you are a victim of fraud.

Consumer and commercial credit information We may exchange your commercial and consumer credit information with entities listed below to assess an application for consumer or commercial credit and manage that credit. In particular, we can obtain credit information about you from a CRB providing both consumer and commercial credit information.

Exchange information We and any LMI may exchange personal and credit information with the following types of entities, some of which may be located overseas. (1) Finance brokers, mortgage managers, and persons who assist us to provide our products to you; (2) Financial consultants, accountants, lawyers and advisers; (3) Any industry body, tribunal, court or otherwise in connection with any complaint regarding the approval or management of your loan; (4) Businesses assisting us with funding for loans; (5) Trade insurers; (6) Any person where we are required by law to do so; (7) Any of our associates, related entities or contractors; (8) Your referees, such as your employer, to verify information you have provided; (9) Any person considering acquiring an interest in our business or assets; (10) Any organisation providing verification of your identity, including online verification; (11) other credit providers for the purposes of assessing your creditworthiness, credit standing, and credit history or credit capacity; (12) any person who proposes to guarantee or has guaranteed repayment of any credit provided to you.

Exchange information with CRBs We may give information about you to, and receive information about you from, CRBs, including information about your credit worthiness. CRBs may include information about you and this application in reports provided to other lenders to assist them to assess your credit worthiness. We may inform CRBs if you default, fail to meet your repayment obligations, or commit a serious credit infringement. The CRB we may share information with is Equifax Pty Limited (www.equifax.com.au), which can be contacted on 13 83 32. See Equifax’s privacy policy at www.equifax.com.au/privacy.

Lenders Mortgage Insurers (LMIs) We may exchange personal and credit information with the LMIs listed below. The LMIs may exchange your personal and credit information with third parties, including the CRB listed above, and the other entities. The LMIs hold, use and disclose your personal information and credit information for the purposes of assessing whether to provide insurance to us, including to assess the risk of you defaulting or the risk of a guarantor being unable to meet their liability, managing the insurance, dealing with claims, enforcing any mortgage and recovering proceeds, conducting risk and credit assessments, fraud prevention, and verifying personal information provided by us or any purpose under the insurance contract. If you don’t provide personal information to the credit provider, it will not be possible for the LMIs to process the credit provider’s request for LMI. The LMIs that we may disclose your personal information and credit information to are: (1) Genworth Financial Mortgage insurance Pty Ltd, contact 1300 655 422 for a copy of the privacy and credit reporting policy; and (2) QBE Lenders Mortgage Insurance Limited, contact 1300 367 764 for a copy of their privacy and credit reporting policy. The privacy and credit reporting policies of the LMIs contain information about how you may access the personal information and credit information the LMI holds about you, seek correction of that information, and complain about a breach of your privacy. The LMIs may disclose your personal and credit information to overseas entities, including related entities located overseas such as in USA, Canada, the United Kingdom and the Philippines.

You acknowledge that: 1. loans.com.au may be paid and retain fees, margins and commissions in respect of the credit arranged by loans.com.au. 2. loans.com.au has not provided any financial planning advice or investment advice and has not made any representation as to the financial viability or prudence of the proposed transaction. 3. Any decision to lend is not an indication of the soundness of any investment you make. 4. Any valuation relied upon by the lender to assess this application for finance is for the purpose of the lender and the mortgage insurer only. 5. You agree to pay loans.com.au costs of this loan application, including all costs associated with application and funder processing, searches, valuation/s, documentation, and you agree to pay those costs within 14 days of this application or as agreed in writing, irrespective of whether this application is withdrawn, declined or approved. You declare you have never been declared bankrupt and there are no outstanding judgments against you. You declare that to the best of your knowledge and belief, the facts, information and statements set out in this application are true and correct, and that no information, which might affect the decision of the credit provider or the mortgage insurer, has been withheld. Unless indicated, you consent to loans.com.au using and disclosing information about you for the purposes of direct marketing and agree to being contacted by loans.com.au and its business partners to be informed about products and services that you may be interested in. You consent to loans.com.au verifying your identity through a CRB.