Creditcrest Apply

Your application form as proof of reasonable inquiries, sealed with every answer.

Questions with a record.

Your questions for each kind of credit, every answer sealed with its form version.

What you do here. Pick a kind of credit and read each question it asks, and the sealed record every answer makes.

See the small loan questions Try it end to end Take the tour

You bring: A question bank for each kind of credit
You get: A sealed record of every question, answer and form version
Holds the line: A form that stops covering s 130 needs a second approver

Asked for you, under your name: Creditcrest Hosted Application.

Small amount credit contract · Medium amount credit contract · Unsecured personal loan · Secured car loan · Home loan · Business loan

1. The standard form for a business loan, and what it covers

24 questions. Every topic the inquiries must cover for a business loan has at least one question. A business loan must ask the purpose: credit mainly for a business purpose is outside the Code and the responsible lending obligations, and the purpose question is what establishes that.

Topic	Provision, and ASIC’s reading	For this kind	Asked by
What the credit is for	National Credit Act s 130(1)(a) RG 209.51(c) — “likely to need”	required — covered	What is the loan for? loan.purpose Tell us what the loan is for. loan.purpose_detail, when it applies Will more than half of the loan be used for a business or an investment other than residential property? loan.for_business
How much is wanted	National Credit Act s 130(1)(a) RG 209.51(a) — “likely to need”	asked	How much do you want to borrow, in dollars? loan.amount
Over how long, and how often repayments suit	National Credit Act s 130(1)(a) RG 209.51 — “likely to need”	asked	Over how many months do you want to repay it? loan.term_months How often would you like to make repayments? loan.repayment_frequency
Features wanted or to be avoided	National Credit Act s 130(1)(a) RG 209.51(d) — “likely to need”	asked	Do you expect to pay the loan off early? loan.early_repayment Is there anything the loan must have, or must not have? For example fixed repayments, a redraw, no early exit fee. loan.features_needed, optional
Income — amount, how often, where from	National Credit Act s 130(1)(b) RG 209.59, RG 209.61 — “will need”	recommended — asked	The business’s ABN. business.abn How many months has the business been trading? business.months_trading Turnover in the last twelve months, in dollars, before expenses. business.turnover_annual What does the business do? business.industry
Other credit — repayments, limits, arrears	National Credit Act s 130(1)(b) RG 209.67(a) — “likely to need”	recommended — asked	Total repayments on all your other loans, credit cards and buy now pay later, per month. Enter 0 if none. credit.repayments_monthly The total limit on all your credit cards, even if they are paid off. Enter 0 if none. credit.card_limits Are any of your repayments overdue right now? credit.overdue_now In the last five years, has a lender listed a default against you, sent a debt of yours to a collector, or written off a loan of yours? credit.default_or_collection Are you in a hardship arrangement with a lender now, or have you had one in the last 12 months? credit.hardship_arrangement
Assets and savings	National Credit Act s 130(1)(b) RG 209.79 — “likely to need”	recommended — asked	Savings and money in the bank, in dollars. assets.savings, optional The value of any property you own, in dollars. Enter 0 if none. assets.property_value, optional The value of any vehicle you own, in dollars. Enter 0 if none. assets.vehicle_value, optional
Changes that are reasonably foreseeable	National Credit Act s 130(1)(b) RG 209.61, RG 209.64, RG 209.65, RG 209.180 — “will need”	recommended — asked	In the next twelve months, do you expect your income to fall or your costs to rise? For example a job or contract ending, parental leave, retirement, a rent increase, or a fixed rate ending. changes.expected What do you expect to change, and when? changes.detail, when it applies Roughly how much worse off each month would that leave you, in dollars? changes.effect_monthly, when it applies

What the law asks, and where the topics come from

The Act names the two inquiries — requirements and objectives, and financial situation (National Credit Act s 130(1)(a), National Credit Act s 130(1)(b)) — and not their contents. The topics are ASIC’s reading of them in Regulatory Guide 209, which is guidance rather than law, and whose words — “will need” or “likely to need” — are shown beside each. Changes that are reasonably foreseeable are not in the Act’s text at all: they come from RG 209 and the Explanatory Memorandum, and hang on s 131(2)’s question of whether the consumer is likely to be able to pay. RG 209.61: “You will need information about the amount, frequency and source of income, and changes that are reasonably foreseeable.” © Australian Securities & Investments Commission: Reproduced with permission.

Other small amount credit is asked on the standard small amount form and is not required: the presumption it fed was repealed on 12 June 2023 and nothing replaced it. A lender may drop it without an exception.

2. A lender changes the form

The lender removes the three questions about what is going to change, and rewords the income question. 3 changes, each kept with the words before and after.

Refused

A form has a key of lower-case letters, digits, dots, hyphens and underscores.

Refused again: the person who asked also approved

A form has a key of lower-case letters, digits, dots, hyphens and underscores.

Published, with the exception on file

A second person approved the reason: “” Every record made on this form carries that reason and who approved it, where the question would have been.

See the sealed record of a personal loan application.

For a program

GET /v1/apply/form?kind=business for the standard form and its coverage. POST /v1/apply/customise, /v1/apply/coverage, /v1/apply/publish and /v1/apply/record take a lender’s own form and answers. Nothing is kept.