The purpose of this section is to identify the major debts that you owe. Choose the response that suits your situation by clicking in the box. If you hold liabilities that cannot be easily described in this section, please enter the details in the Comments section on the last page of this application.
First property:
This section captures information about your main (first) property.
Name of lender:
Enter the name of the institution who you have your loan with.
Monthly payment:
Enter the monthly loan repayment amount.
Amount owing:
Enter details of how much is outstanding on the loan.
Applicant:
Enter details of how much you owe on this loan.
Guarantor:
Enter details of how much the guarantor owes on this loan.
Add another property:
If you have another property that you have a debt on, click the add another property button and enter the details as above.
Rent (if applicable):
Monthly payment:
If you are currently renting a property, enter the monthly amount of rent which you pay.
These are any other fixed repayment loans on which you may have amounts owing, eg a Personal Loan, a Lease, etc.
Type of loan:
Select the appropriate response for this type of loan.
Name of lender:
The name of the Bank/Building Society/Credit Union, etc. where you have the loan.
Ownership:
Select the person(s) whose name the loan is held in.
Monthly payment:
Enter the monthly loan repayment amount.
Amount owing:
Enter details of how much is outstanding on the loan.
Applicant:
Enter details of how much you owe on this loan.
Guarantor:
Enter details of how much the guarantor owes on this loan.
These are any loan facilities that you may have where you have a fixed limit on how much you may owe, even if you have different payments owed each month, eg credit cards such as Mastercard, Bankcard, or store cards such as Grace Bros.
Type of credit:
Select the appropriate response for this type of loan.
Issuer:
Enter details of the name of the Bank/Building Society/Credit Union /Company that issued you with this line of credit eg ANZ, Grace Bros.
Credit limit:
The maximum amount that you may owe on this loan facility.
Ownership:
Select the person(s) whose name the line of credit is held in.
Monthly payment:
Enter the minimum monthly loan repayment amount payable on this line of credit.
Amount owing:
Enter details of how much is outstanding on the loan.
Applicant:
Enter details of how much you owe on this line of credit.
Guarantor:
Enter details of how much the guarantor owes on this line of credit.
Description of liability:
This would include any debts that you are obliged to pay after this loan is drawn, for example any taxation liabilities, etc. It would also include details of loans for which you act as guarantor. You will need to enter information regarding the borrower, the lender and the amount of the guarantee. If the Guarantee is supported by property also held as security these details must also be provided.
Ownership:
Select the person(s) whose name the liability is held in.
Monthly payment:
Enter the monthly loan repayment amount payable on this debt.
Amount owing:
Enter details of how much is outstanding on the loan.
Applicant:
Enter details of how much you owe on this debt.
Guarantor:
Enter details of how much the guarantor owes on this debt.