Loans
Basic Criteria for all Loan Applicants
1) Must estabilish a savings program - at least 3 months savings and disclosure of other banking connection
2) Stable Employement Status - Disclosure of Academic Qualification, Income, Personal Experiences and Know-how, References etc..
3) Strong Financial Position - List of Assets and Liabilities ( both Personal & Business etc..)
4) Ability to produce good Business Plan - Including evident and supporting documentation
5) Must have adequate security cover - Chattels, Leasehold land, Savings Scheme, Life InsurancePolicy, Term Deposit, Undertaking etc...
6) Interest Rates (all variables), Loan Term, Repayment Schedule and Bank Fees including other Loan Covenants to be discuss during interview and processing stage.

1) Unsecured Consumer Loan (maximum $5k ): L6
• Private Transportation - Motor Vehicle (new and used)
• Household Effects (furniture, fridge/freezer, TV etc...)
• Travelling Expenses
• Family Function
• Spending Money etc...

2) Consumer (Personal) Loan (Secured) : L6
• Private Transportation - Motor Vehicle (new and used)
• Household Effects (furniture, fridge/freezer, TV etc...)
• Travelling Expenses
• Family Function
• Spending Money

3) Housing Loan - Owner Occupied: L9 and L10
• Purchase Land (Leasehold or Occupation Right)
• House renovation and upgrading
• New Construction

4) Housing Loan - Investment Property: L9
• Purchase Land (Leasehold or Occupation Right)
• House renovation and upgrading
• New Construction for short and long term rentals