CREDIT GUIDE

1.  KEY INFORMATION
Australian Credit Licence holder Beagle Finance Pty Ltd
Address Level 27, 10 Carrington Street Sydney NSW 2000, Australia
Phone and e-mail 1300 346 787, lk_support@loankit.com.au
Australian Credit Licence number 383640
Internal Disputes Resolution details  Complaints Manager complaints@finsure.com.au
External Dispute Resolution Scheme details

Australian Financial Complaints Authority
Website: www.afca.org.au 
Email: info@afca.org.au 
Telephone: 1800 931 678 
In writing to: Australian Financial Complaints Authority,
GPO Box 3, Melbourne VIC 3001
 

2.  OUR CREDIT REPRESENTATIVES
We have appointed a number of Credit Representatives to provide services to you. Details of the Credit Representative with whom you are dealing are:
Credit Representative’s name Mr Barry Le Brocq
Address 5 Nautilus Court Patterson Lakes VIC 3197, Australia
Phone 0437417042
E-mail barry@mmfinance.com.au
Credit Representative number 373643
External Dispute Resolution Scheme details 

Australian Financial Complaints Authority
Website: www.afca.org.au 
Email: info@afca.org.au 
Telephone: 1800 931 678 
In writing to: Australian Financial Complaints Authority,
GPO Box 3, Melbourne VIC 3001

 

The Credit Representative (or the business for which the Credit Representative acts) will receive the commissions referred to in Part 8 of this document above.
 

3.  OUR AGGREGATOR
Our aggregator, Beagle Finance Pty Ltd trading as Loankit is ultimately owned by Finsure Finance & Insurance Pty Ltd (a subsidiary of MA Financial Group Limited ACN 142 008 428).  We will only ever assist you with the credit product that we believe is best for you and your circumstances.  However, in the event that we introduce you to a loan from MA Financial Group Limited’s or any of its subsidiaries we will specifically disclose this ownership relationship to you again to ensure you understand our relationship with them.
 

4.  PANEL LENDERS
We arrange loans from a broad range of lenders and credit products. Once you have chosen a loan or lease that is suitable for you, we will assist in obtaining approval for the finance. We source credit products from a panel of credit providers. Our current top finance providers to which our Representative has introduced borrowers are:
Heartland Bank
Household Capital
 

5.  INFORMATION WILL BE REQUIRED FROM YOU
Under the NCCP Act, before we suggest or assist you with entering into a loan (or lease) or increasing the credit limit of an existing loan, we must assess if that loan will be unsuitable for you. We will need to ask you a series of questions to make this assessment. The law requires us to:

• make reasonable inquiries about your requirements and objectives;

• make reasonable inquiries about your financial situation; and

• take reasonable steps to verify the details of your financial situation.
   

A loan or lease will be unsuitable if, at the time of making the assessment, it is likely that:

• you cannot afford to make the proposed repayments, or only with substantial hardship;  or

• the loan or lease does not meet your requirements and objectives.

For these reasons, we must ask you to provide us with a significant amount of information, much of which we will need to verify. It is therefore very important that the information you provide to us is accurate and complete.

If we provide you with credit assistance, we are required to provide you, upon your request, a copy of our credit assessment for up to seven years after the date of the assistance

6.  INFORMATION PROVIDED BY US

We do not provide financial or legal advice. It is important to understand your legal obligations under a proposed loan or lease and the financial consequences imposed by the debt. If you have any doubts, you should obtain independent financial and legal advice before you enter into any finance contract.

 

We do not make any representations about the current value of any real estate you finance through us, or the future prospects of its value. You should always rely upon your own enquiries. 

 

7.  FEES PAYABLE BY YOU

If a fee is to be charged, this will be disclosed to you in a Credit Quote which will be provided to you for your signed acceptance before we provide you with credit assistance.

 

You may need to pay other fees and charges (such as application fees, valuation fees and other fees) to the lender as part of the application process. These will be detailed in a Statement of Credit Assistance that we will provide to you before applying for finance.

 

8.  COMMISSIONS RECEIVED BY US

We may receive commissions from the lender in relation to the loan contracts for which we provide credit assistance. These are not fees payable by you. Further details of the commission earned by us will be provided in the Statement of Credit Assistance that we will provide to you before applying for finance.

 

We do not receive additional commissions or bonuses from lenders relating to the volume of finance that we arrange. 

 

9.  COMMISSIONS AND FEES PAYABLE BY US

We obtain referrals from a broad range of sources including call centre companies, real estate agents, accountants, solicitors or other businesses. We may pay a fee or commission to these businesses for referring you to us. These are not fees payable by you. Any referral fee or commission paid in relation to your referral will be disclosed in the Statement of Credit Assistance.

 

10.  OUR INTERNAL DISPUTE RESOLUTION SCHEME

We hope that you are delighted with our services. However, if you have any complaints, you may contact our Complaints Manager who will aim to resolve your complaint within five business days. 

If the complaint is going take longer than five business days, we will keep you updated on the progress and provide you a written response within 30 days. The response will let you know the outcome of the investigation and the reasons for our decision.

 

11.  OUR EXTERNAL DISPUTE RESOLUTION SCHEME

If you are not satisfied with the outcome of your complaint, or you have not heard from us within 30 days, you may refer the matter to the Australian Financial Complaints Authority (AFCA), an ASIC-approved External Dispute Resolution Scheme. External dispute resolution is a service provided at no cost to you, giving you access to an independent mechanism for the resolution of specific complaints or disputes. AFCA’s contact details are included above.

 

12.  PRIVACY DISCLOSURE STATEMENT

We are collecting personal and financial information about you to provide you with our broking services.

 

1.  The information you provide will be held by us and our Credit Representative.

2.  We may use credit information and any other information you provide to arrange or provide finance and other services. 

• We may exchange the information with the following types of entities, some of which are located overseas:

• Persons who provide finance or other products to you, or to whom an application has been made for those products.

• Financial consultants, accountants, lawyers, and advisers

• Any industry body, tribunal, court or otherwise in connection with any complaint regarding our services

• Any person where we are required by law to do so

• Any of our associates, related entities, contractors, and outsourcing partners some of which are in the Philippines

• Persons to verify the information you have provided, such as your employer, accountant, or superannuation provider 

• Any person considering acquiring an interest in our business or assets

• Any organisation providing online verification of your identity

 

4.  You may gain access to the personal information that we hold about you by contacting us. You can also contact us for a copy of our privacy policy. Our privacy policy contains information about how you may access or seek correction of the information we hold about you, how we manage that information and our complaints process. Our privacy policy is available from www.finsure.com.au.

 

If you do not provide the information, we may be unable to assist in arranging finance or providing other services.

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13.  DO YOU HAVE ANY QUESTIONS?

If you have any questions about this Credit Guide or about any other aspect of our services, please do not hesitate to ask us at any time. We are here to assist you. 

 

14. LENDER ACCREDITATIONS

At the time this document was generated, I was accredited with the following Lenders:

AMMF
AMP Bank
ANZ
ASCF Commercial
Auswide Bank
Bank of Melbourne
Bank of Queensland
Bank of Sydney
BankSA
Bendigo Bank
Better Choice Home Loans
Bluestone
Deposit Bond Australia
Finsure Loans Bridge
FINSURE Loans PLUS
FINSURE Thrive
FINSURE Thrive Commercial
Firefighters Mutual Bank
Funding.com.au
Health Professionals Bank

HEARTLAND BANK
HOUSEHOLD CAPITAL

ING
Liberty FS
MA Money
ME Bank
Middle
Myloan Elect
MyState
Paramount Asset
Pepper Money
Prospa
Qudos Bank
Resimac Prime
Smart Select
St George
Suncorp
Teachers Mutual Bank
UniBank
Westpac
WISR