COMMERCIAL LOAN APPLICATION 1. LODGEMENT CHECKLIST Items & information to submit

Transcription

COMMERCIAL LOAN APPLICATION
1.
LODGEMENT CHECKLIST
Items & information to submit
APPLICATION SUBMISSION CHECKLIST
Attachments
2.
Loan Application Form
Certified copy of Borrower Identification
Privacy Consent
Service/Mandate Agreement
Current Loan Statements (Refinance)
Commitment Fee $___________
Contract of Sale (Purchase)
Council Rates Notices (Existing Properties)
Evidence of funds to complete(Purchase)
Copy of Trust Deed (Trust Applicants)
Fixed Price Building Contract (Construction)
Copy of Building/Development Approvals
PRODUCT CHECKLIST
Product specific requirements
PRODUCT SPECIFIC CHECKLIST
Full Doc
Lease Doc
Last 2 years Individual Taxation Returns
Last 2 Years Business/Company/Trust Taxation
Returns and Financials
Evidence of Rental & Other Investment Income
PAYG Income Confirmation / Payslips
Copy of all Commercial Leases
Letter of Employment
Evidence of long term independent lease in registrable form
Serviceability Calculations (Min 1.40 x)
Low Doc
Lite Doc
Self-certification Form
Last 6 Months Business Trading Statements
Accountants Letter (In Format Provided)
Serviceability Calculations ( Min 2.0 x)
Self-certification Form
Last 6 Months Business Trading Statements
Serviceability Calculations (Min 1.50 x)
No Doc
3.
Evidence of Strong Net Asset Position
INTRODUCER DETAILS
Serviceability Calculations ( Min 1.25 x)
Introducer ID:
Name:
Company:
Phone:
Mobile:
Fax :
Email:
Your Manager Pty Limited T/As Your Manager ABN: 14 142 152 323
Commercial
Tooronga
Terrace,
Beverly
NSW
2209
Your Manager 2,
Pty36
Limited
T/As Your
Manager
ABN:Hills
14 142
152
323
PO
Commercial
Box 714,
2, 36
Hurstville
Tooronga
BC
Terrace,
1481 Beverly
NSW Tel:
Hills1300
NSW 2209
331 500 • Fax: (02) 8580 4861
PO Box [email protected]
714, Hurstville BC 1481 NSW Tel:
1300 www.yourmanager.com.au
331 500 • Fax: (02) 8580 4861
Email:
• Web:
Email: [email protected] • Web: www.yourmanager.com.au
Ver 1
June 2010
1/13
4.
APPLICANT DETAILS
COMPANY / TRUST APPLICANT
Please check one
Applicant
Guarantor
ENTITY NAME/S
Company/Trust Name
Trustee Name
Trading Name
ABN
Principal Activity
TRADING ADDRESS
Number & Street
Suburb/City
State
.....
Post Code
State
.....
Post Code
State
.....
Post Code
POSTAL ADDRESS (if different to trading address)
PO Box/Number & Street
Suburb/City
REGISTERED OFFICE (if different to trading address)
Number & Street
Suburb/City
CONTACT DETAILS
Telephone
(
)
Fax Number
(
)
Email Address
OWNERSHIP & CONTROL
Directors/
Trustee Directors
Commercial 2, 36 Tooronga Terrace, Beverly Hills NSW 2209
PO Box 714, Hurstville BC 1481 NSW Tel: 1300 331 500 • Fax: (02) 8580 4861
Shareholders/
Trust Beneficiaries
Ver 1
June 2010
2/13
5.
COMPANY COMMITMENTS
Loan & finance details in company name/s
Company’s Bank
Branch
Lender / Financier
Outstanding
Finance
Commitments
Monthly Payment
Amount
1
2
3
4
5
6
7
8
9
10
Ver 1
June 2010
3/13
6.
APPLICANT DETAILS
PERSONAL APPLICANT / GUARANTOR 1
Please check one
NAME & ADDRESS
Full Name & Title
Applicant
Guarantor
.....
Address
State
.....
Post Code
State
.....
Post Code
Postal Address
Years at Current Address
Years at Previous Address
CONTACT DETAILS
Telephone
(
)
Mobile
After Hours
(
)
Other Phone
(
)
Email Address
PERSONAL DETAILS
Marital Status
.....
Name of Spouse
Number of Dependents
Driver’s Licence No.
Date of Birth
(DD / MM / YY)
NON-RESIDENTS
Please check if you are not an Australian resident
EMPLOYMENT DETAILS (If self employed, please provide details of your business and industry)
Occupation
Employed By
Years Employed
Annual Gross Income from Employer
Other Sources
of Income
Total of Other
Annual Income
Previously
Employed By
PLEASE PROVIDE
A.
B.
C.
Wages and Salary Earners – Last tax return or employer letter stating basic rate of pay, overtime, allowances, etc.
Commission Earners – A monthly breakdown of last 12 months commissions signed by your employer plus last tax return.
Self Employed Persons – Supply last 2 years tax returns plus ABN where available.
Ver 1
June 2010
4/13
7.
APPLICANT DETAILS
PERSONAL APPLICANT / GUARANTOR 2
Please check one
Applicant
Guarantor
NAME & ADDRESS
Full Name & Title
.....
Address
State
.....
Post Code
State
.....
Post Code
Postal Address
Years at Current Address
Years at Previous Address
CONTACT DETAILS
Telephone
(
)
Mobile
After Hours
(
)
Other Phone
(
)
Email Address
PERSONAL DETAILS
Marital Status
.....
Name of Spouse
Number of Dependents
Driver’s Licence No.
Date of Birth
(DD / MM / YY)
NON-RESIDENTS
Please check if you are not an Australian resident
EMPLOYMENT DETAILS (If self employed, please provide details of your business and industry)
Occupation
Employed By
Years Employed
Annual Gross Income from Employer
Other Sources
of Income
Total of Other
Annual Income
Previously
Employed By
PLEASE PROVIDE
D.
E.
F.
Wages and Salary Earners – Last tax return or employer letter stating basic rate of pay, overtime, allowances, etc.
Commission Earners – A monthly breakdown of last 12 months commissions signed by your employer plus last tax return.
Self Employed Persons – Supply last 2 years tax returns plus ABN where available.
Ver 1
June 2010
5/13
8.
APPLICANT DETAILS
PERSONAL APPLICANT / GUARANTOR (Continued)
STATEMENT OF ASSETS & LIABILITIES
Name 1
.....
Name 2
.....
CURRENT ASSETS
ADDRESS / DETAILS
INCOME (PM)
ASSET VALUE
% OWNED
PAYMENTS (PM)
LOAN
BALANCE
$ LIMIT
Property 1
Property 2
Property 3
Property 4
Property 5
Motor Vehicles
Home Contents
Superannuation
Shares
TOTAL ASSETS
CURRENT LIABILITIES
LENDER / DETAILS
% RATE
Property 1
Property 2
Property 3
Property 4
Property 5
Lease / HP
Credit Cards
Store Cards
TOTAL LIABILITIES
NET SURPLUS
*Add the Net Income figure to the Income table below
Signature 1 _____________________________ Print Name: __________________________________ DATE: ____________
Signature 2 _____________________________ Print Name: __________________________________ DATE: ____________
Ver 1
June 2010
6/13
9. APPLICANT DETAILS
PERSONAL APPLICANT / GUARANTOR
(Continued)
STATEMENT OF INCOME & EXPENSES
Name 1
.....
Name 2
.....
GROSS MONTHLY INCOME
DETAILS
$ AMOUNT
DETAILS
$ AMOUNT
* Net Asset Income Above
Business Income
Wage / Salary
Wage / Salary
Rental Income (Net)
Investment Income
Other Income
TOTAL INCOME
MONTHLY EXPENSES
Rent Payable
Living Expenses
Other Payments
TOTAL EXPENSES
NET INCOME SURPLUS
Email: [email protected] • Web: www.yourmanager.com.
Ver 1
June 2010
7/13
10. LOAN DETAILS
Purpose & Repayment of Loan
LOAN PURPOSE & AMOUNT
Purpose of Loan
Loan Type
.....
Facility Limit
Loan Term Required
%
Aggregate LVR
Years
Anticipated Settlement Date
REPAYMENTS
Interest Rate Option
Variable
Rate
OR
Fixed
Interest
Fixed Term Required
.....
Loan Repayments
Principal &
Interest
OR
Interest
Only
Interest Only Period
.....
Retained
Interest
Retained Interest
Period
.....
MORE INFORMATION
Split loans: detail split requirements
11.
SECURITY DETAILS
Property/ies proposed as security
PRIMARY SECURITY PROPERTY
Address No. 1
State
.....
Post Code
Owner / Purchaser
Approx age of property
Title Details (if known)
If purchasing, purchase price
If refinancing, estimated value
If let, name of tenant
Gross Rent
Description of Property
Access Contact for Valuer
Name
Property use is currently /will be:
Telephone
Owner Occupied
(
)
Investment
General Comments:
Ver 1
June 2010
8/13
11. SECURITY DETAILS
Property/ies proposed as security (Continued)
SECONDARY SECURITY PROPERTY
Address No. 2
State
.....
Post Code
Owner / Purchaser
Gross Rent
Name
Telephone
Owner Occupied
(
)
Investment
General Comments:
THIRD SECURITY PROPERTY
Address No. 3
State
.....
Post Code
Owner / Purchaser
Gross Rent
Name
Telephone
Owner Occupied
(
)
Investment
General Comments:
Ver 1
June 2010
9/13
12. SOLICITOR DETAILS
Solicitor contact details
Name of Firm
Solicitor Name
.....
Office Address
State
.....
Post Code
State
.....
Post Code
Postal Address
Telephone Direct
(
Telephone Main
( )
)
Mobile
Facsimile
( )
Email Address
13. ACCOUNTANT DETAILS
Accountant contact details
Name of Firm
Accountant Name
.....
Office Address
State
.....
Post Code
State
.....
Post Code
Postal Address
Telephone Direct
(
)
Mobile
Telephone Main
(
)
Facsimile
(
)
Email Address
14. BUILDER DETAILS
Builders contact details
Building Company
Contact Person
Office Address
Telephone Direct
(
)
Mobile
Ver 1
June 2010
10/13
15. DECLARATION OF PURPOSE
Section 11, Consumer Credit Code, Regulation 10, Consumer Credit
Regulation
To:
Commercial Group (Australia) Pty Ltd
Re:
Loan Amount of
Full Borrower Name (1)
Full Borrower Name (2)
I we declare that the credit to be provided to me/us by the credit provider is to be applied wholly or predominately for
business or investment purposes (or for both purposes) which is described as follows:
IMPORTNANT
You should not sign thisdeclaration unless this loan is wholly or predominately for business or investment
purposes.
By signing this declaration you may lose your protection under the Consumer Credit Code.
I/We agree to provide declarations of purpose of the credit whenever required by the Credit Provider
SIGNATURE 1 ___________________________________ PRINT NAME: ______________________________________ DATE: _____________
Ver 1
June 2010
11/13
16. PRIVACY ACT
1988 Authority
PRIVACY ACT - CONSENT AND ACKNOWLEDGEMENT
I/We acknowledge that I/We have made an application for credit from Your Manger Pty Limited ABN 14 142 152 3232 &Commercial Group ( Australia) Pty
Ltd ABN 49 138 207 413 who may use the personal information I/We provide for the purpose of providing credit and subject to the provisions of the
Privacy Act, I/We may have access to personal information collected and held by Your Manager Pty Ltd & Commercial Group (Australia) Pty Ltd, and the
following Lenders and Insurers:- Perpetual Trustee Company Limited ABN 42 000 001 007, Australian Executor Trustees Limited ABN 84 007 869 794,
PMI Mortgage Insurance Limited ABN 70 000 511 071, Genworth Financial Mortgage Insurance Pty Limited ABN 60 106 974 305, Vero Lenders Mortgage
Insurance Limited ABN 55 001 825 725, La Trobe Financial Services Pty Ltd ABN 30 006 479 527, Think Tank Group Pty Ltd ABN 75 117 819 084,
Provident Capital Limited ABN 78 082 735 573, Adelaide Bank Limited ABN 54 061 461 550, Merchant Mortgages Pty Ltd ABN 69 065 169 057, Eclipse
Prudent Mortgage Corporation Limited ABN 54 089 265 270.
Applicant Declaration
1.
Have you ever been bankrupt or entered into an arrangement to pay your creditors?
2.
Are there any unsatisfied Court Judgements against you?
3.
Have you ever been a shareholder or an officer of any company to which a manager,
receiver, administrator or liquidator has been appointed?
4.
Has a mortgagee ever sold your property to recover a debt owing by you?
5.
If you are seeking finance to complete the purchase of the security property, do you intend to borrow any
other money for this purpose?
6.
YES
NO
Has an application for the above loan been submitted by you or any other person to another lender?
If yes to any of the above please give details:
Authority to exchange information with other credit providers
In accordance with Section 18N(1)(b) of the Privacy Act, I/we authorise Your Manager Pty Ltd & Commercial Group (Australia) Pty Ltd to give and obtain
from credit providers named in this credit application, and credit providers that may be named in a credit report issued by a credit reporting agency,
information about my/our credit arrangements. I/We understand this information can include any information about my/our credit worthiness, credit
standing, credit history, or credit capacity that credit providers are allowed to give or receive from each other under the Privacy Act 1988.
The Lender will or may seek lenders mortgage insurance from one or more insurers in respect of the repayment of any finance that the Lender
may provide or in respect of any mortgage that may be given to secure the repayment. In this Notice, each of the insurers listed in the Schedule is
referred to as “insurer" so that a reference below to the Insurer means each of them acting alone or any or all of them acting collectively.
I/we note that lenders mortgage insurance insures the Lender against loss on default under a mortgage finance arrangement the Lender has with
me/us. I/We do not receive the benefit of the lenders mortgage insurance policy.
Where the Lender applies to the Insurer for insurance in connection with:

any finance sought by me/us from the Lender (whether sought by I/we alone or with others); or

any mortgage and/or guarantee given or to be given by me/us (whether alone or with others) to secure the repayment of any finance
provided or to be provided by the Lender;
The Insurer will be collecting personal information about me/us.
The Lender and Insurer will be collecting any such personal information about me/us for the purposes of:

assessing the risk of providing lenders mortgage insurance to the Lender in respect of finance sought by me/us from the Lender;

assessing the risk of me/us defaulting on your obligations to the Lender in respect of which the Insurer may provide (or has provided)
lenders mortgage insurance;

assessing the risk of me/us being unable to meet a liability that might arise under a guarantee entered into, or proposed to be entered
into, in respect of mortgage finance given (or to be given) by the Lender to another person;

the subsequent administration or variation of any lenders mortgage insurance cover provided;


risk assessment and management involving securitisation, credit scoring, portfolio analysis, reporting and fraud prevention
and claim recovery; and
complying with legislative and regulatory requirements.
Ver 1
June 2010
12/13
16. PRIVACY ACT
1988 Authority (Continued)
Without the provision of my/our personal information to the Lender and Insurer, the Insurer may be unable to process or accept the
Lender's application for lenders mortgage insurance and the Lender may be unable to provide the mortgage finance requested.
By signing the acknowledgment below, I/we agree and consent to the Lender and Insurer using and disclosing the personal
information it collects about me/us for the purposes set out above (subject to any restrictions imposed on the Lender and Insurer by
Privacy Act 1988):
The Lender and Insurer will usually or may disclose personal information of the kind it collects about me/us to:














its related companies;
re-insurers;
credit reporting agencies;
its service providers;
its agents, contractors, and external advisers;
my/our referees, including my/our employer;
my/our legal and financial advisers;
government and other regulatory bodies;
ratings agencies;
payment system operators;
guarantors and prospective guarantors;
title insurers;
all parties involved in securitization; and
other financial institutions and credit providers.
In this Notice, a reference to Your Manager Pty Ltd & Commercial Group (Australia) Pty Ltd, the Lender or the Insurer includes a
reference to their respective successors and permitted assigns.
By signing the acknowledgment below, I/we agree and consent (subject to the restrictions imposed on the Insurer by the Privacy Act) to
any such disclosures of your collected personal information by the Lender and Insurer, regardless of when or how the information was
collected, even though some of the organisations may be overseas.
If and to the extent that the Lender and Insurer does so in a manner and for purposes that conform with the Privacy Act, by signing
the acknowledgment below, I/we agree and consent to:



the Lender and Insurer obtaining information about my/our commercial activities and commercial credit worthiness from a
business which provides information about the commercial credit worthiness of persons, and to the Insurer using that
information in assessing the application of the Lender for lenders mortgage insurance;
to the Lender and Insurer giving to and receiving from any credit providers named in the application for finance, and any
credit providers named in a credit report issued by a credit reporting agency, information about my/our credit worthiness,
provided that the information is given or received for the purpose of assessing the Lender's application for lenders
mortgage insurance; and
to the Lender and Insurer obtaining a commercial and/or consumer credit report containing personal information about
me/us from a credit reporting agency and to the Insurer using that report or any information derived from the report in
assessing the Lender's application for lenders mortgage insurance in respect of either consumer credit or commercial
credit provided by the Lender, and for any other purposes permitted under the Privacy Act.
SIGNATURE OF APPLICANT / GUARANTOR
I/we declare that I am/we are over the age of 18 and the information contained in this application are true and correct in every
particular and it is upon this basis that I/we make this application for credit. I/we also confirm our agreement to the matters set
out above:
SIGNATURE 2 ___________________________________ PRINT NAME: ______________________________________ DATE: ____________
Ver 1
June 2010
13/13

COMMERCIAL LOAN APPLICATION 1. LODGEMENT CHECKLIST Items & information to submit

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COMMERCIAL LOAN APPLICATION 1. LODGEMENT CHECKLIST Items &amp; information to submit

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COMMERCIAL LOAN APPLICATION 1. LODGEMENT CHECKLIST Items & information to submit