Express – Otherwise known as streamlined or Low-Doc. This means you qualify for an expedited loan process with minimal loan documentation required. Credit always reserves the right to change assessment to a STANDARD policy.

Some of the criteria to qualify for Express policies may include:

  • ABN to be active for 12-24 months
  • ABN to be GST reg’d for 1 day to 24 months
    • Property owner verified by current rates notice in the individual’s name.
    • Satisfactory credit reference will sometimes be requested.
    • Age of asset will also be a factor. Contact our office to find out if your asset fits the Express Policy criteria.

Standard – Otherwise known as Full Financials or Full-Doc. This means your loan will be assessed on your ability to service debt, factoring in your income and expenses using verified income using one or more of the following documents:

  • Current Payslips
    • Accountant prepared financials and/or cash flows.
    • Interim management financials may be requested depending on the time of year.
    • ATO portals showing no outstanding tax debts can also be requested from your accountant.
    • Individual Tax Returns for the directors/shareholders/guarantors/individuals.

    Since every client situation is different, we encourage you to call our team and discuss the particulars.