Creditcrest Apply
The application form as proof that reasonable inquiries were made. A bank statement shows what came in and went out. It cannot say what the loan is for, whether the job it shows ends next month, or how many people the wage feeds. Those take a question. Apply asks them, lets the lender change them, refuses a form that stops covering what the law requires, and seals what was asked and answered into a record that Compliance, Decisioning and Intent read.
Whose form was it?
Before this product, the application form’s content was Evercrest Finance’s. The 25 September 2026 handover marked the form versions 1.0 to 1.8, the loan-purpose list and the gambling questionnaire as that lender’s and did not carry them. Creditcrest had the machinery in LoanManager: a form as data, answers checked against the exact version and sealed. It had no questions, and nothing tied a question to the obligation it discharges. The questions below are Creditcrest’s own.
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
22 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 you behind on, in a hardship arrangement for, or in default on any other loan or credit card? credit.in_arrears_or_hardship |
| 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 |
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.