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Pepper is committed to responsible lending and the following outlines our
approach to ensuring that we adhere to responsible lending practices at all
times.
Lend only what our customers can afford to repay.
- Ensuring compliance with the National Credit Code, relevant
guidelines published by ASIC, MFAA, the Credit Ombudsman Service and our own
credit assessment policies.
- Ensuring brokers are trained with relevant information covering Pepper’s
fees, products and credit policy requirements.
- Following a strict, detailed and sensible loan criteria process, including
the use of credit reference agency checking and serviceability calculators
to make a full assessment of a borrower’s capacity to repay a loan.
- Allocating credit authority based on skills and experience. Ensuring our
people are trained and able to carry out their responsibilities.
Click here to download Pepper's Responsible Lending PDF flier today.
Independent Information Sites for Borrowers
Obtaining a home loan is an important decision. Pepper encourages borrowers
to seek independent information as part of their decision making process.
Check out information from Government websites with free financial
tools and information.
FIDO – Australian Securities Investments Commission (ASIC) financial tips
and safety checks website:
You’ll find:
- Budget Planner Calculator to help manage money
- Thinking About Switching Home Loan information
- Multi Loan Calculator to help manage debt; plus more.
Click here for more>>
http://www.fido.gov.au/
Australian Government, Understanding Money (financial literacy) website
You’ll find:
- Budget Planner to find out where you are and take control
- Financial Health Check, learn more about your money sense
- Switching Financial Accounts made easier; plus more.
Click here for more>> http://www.understandingmoney.gov.au
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