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Applying for a Line of Credit

Whether you have an amount in mind or you just want to know how much you can establish a credit limit for - our Loan Consultants can provide you with an obligation-free pre-loan assessment. They can answer any questions you may have and tell you about the interest rates and benefits of a Wide Bay Australia line of credit.

They can also tell you:

• How much you may be able to borrow based on the required deposit - generally, we can establish a credit limit up to 90% of valuation.
  
• Consideration will be given to your income and assets (real estate, motor vehicles, shares, superannuation etc) and living expenses and liabilities (other loans, tax debts etc).
• About our lending criteria - including the valuation, location and type of property you are considering purchasing, as well as your savings, employment and credit history.
• The monthly interest payments you will have to make - based on a given line of credit drawings and calculated at a particular interest rate.
• About the fees and charges you might expect to pay in establishing and managing your line of credit - including any insurance premiums and government charges.
• About government grants and rebates including the First Home Owner's Grant available to people buying their first home to establish a line of credit .

You can use our calculators to estimate how much you might be able to borrow.

After a pre-loan assessment your Loan Consultant can help you submit a formal Application for Credit.

Along with your completed Application form or On-line Application we may also need: .

• Documentation verifying the information in your application.
• Insurance approval from an approved lender's mortgage insurance company.
• An independent valuation on the property being offered as security

If your application and other requirements meet our lending criteria - you will be made an offer which contains the full terms and conditions of the proposed line of credit.

If you accept this offer, we will arrange your line of credit.

This is not an offer to lend - all lines of credit are subject to terms and conditions. Fees & Charges are payable. Full details are available on application. Lines of credit are only available to approved applicants offering security in approved property in Australia.