We have appointed a number of Credit Representatives to provide services to you. Details of the Credit Representative with whom you are dealing are:

The Credit Representative (or the business for which the Credit Representative acts) will receive the commissions referred to in Part 6 of this document above.

We will assist you in making the choice of a loan or lease that is suitable for your purposes.

We will provide you with information on a broad range of finance providers and loan 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 finance products from a panel of finance providers. Our Current Top 6 providers to which our Representatives introduced borrowers are:

Under the Act, we are obliged to make sure that any loan, or principal increase to a loan, or lease that we assist you to obtain is not unsuitable for you. We will need to ask you a series of questions to make this assessment. The law requires us to:

• make reasonable enquiries about your borrowing objectives and requirements;
• make reasonable enquiries about your financial situation; and
• take reasonable steps to verify the details of your financial situation.

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

• you cannot afford to repay the loan or lease or can afford to repay it only with substantial hardship; or
• the loan or lease does not meet your borrowing objectives and/or requirements.

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 preliminary credit assessment for up to seven years after the date of the assistance.

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.

We may charge you for our services if you apply for a home loan, an investment property loan, a personal loan or a lease. If a fee is to be charged, this will be disclosed to you in a Credit Quote which will be provided to you before applying for finance.

You may need to pay fees to the finance provider as part of the application process. These will be detailed in a Credit Proposal Disclosure Document that we will provide to you before applying for finance.

We may receive commissions from the finance provider that provides your loan or lease. These are not fees payable by you. Further details of the commission earned by us will be provided in the Credit Proposal Disclosure Document that we will provide to you before applying for finance.

We may receive additional commissions or bonuses from finance providers relating to the volume of finance that we arrange. Such payments are dependent upon a number of factors and cannot be quantified at this point.

Referrals from a broad range of sources are sourced by us and our representatives. For example, we or our representatives may pay commissions or fees to call centre companies, real estate agents, accountants, solicitors or other 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 Credit Proposal Disclosure Document that will be given to you before applying for finance.

MyLoanPaysMe gets paid an Upfront as well as Trail commission from the lender on loan settlement. This Upfront commission get's paid on the last calendar day of the month. If the loan is settled towards the end of the month; then this commission gets paid on the last calendar day of the following month. Trail commission's are paid monthly after the 12 month anniversary of the loan for the life of the loan balance. MyLoanPaysMe pledge to share our Upfront Commissions and Trail commissions with our clients once their respective loans have settled and will continue to do so for the life of the loan balance (provided you are not in default of any of the terms of the loan). If in future for any reason the lender changes their policies and works on a flat fee basis with no upfront or trail commission or if trail commission gets nullified; then in this instance MyLoanPaysMe will have to change our commission policy for these new loans subject to these new policies or law and you will be notified in writing of any changes. Calculating upfront and trail commissions on residential mortgages. Essentially, many lenders now pay on settled loan amount less funds in offset or redraw.

Example

The lender calculates the rate on the actual commission amount divided by the loan settlement amount (upfront) or loan balance (trail) based on the net loan balance on the day after the date of drawdown. Net loan balance includes the drawdown amount, prepayments, fees, applied interest & transactions.

We hope that you are delighted with our services. However, if you have any complaints, you can raise these directly with the representative with whom you are dealing. If you are not satisfied with the response that you receive, you may contact our Compliance Manager, by telephoning 1300 769 415, or writing to 52 Martin Place, , Sydney NSW 2000.

When we receive a complaint, we attempt to resolve it as quickly as possible, subject to a full investigation of all the circumstances involved.

If you are not satisfied with the outcome of your complaint, you may refer the matter to the Credit & Investments Ombudsman, 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.

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

• The information you provide will be held by us and our Credit Representative.
• 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
  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 or contractors
  Your referees, such as your employer, to verify information you have provided
  Any person considering acquiring an interest in our business or assets
  Any organisation providing online verification of your identity
• We will not disclose your information to overseas entities.
• 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.loankit.com.au.

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

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.