What is the process in getting a loan?

The stages of getting a loan are the phone call, e-mail, appointment, research, loan application, loan approval, loan documentation, settlement, after sales care. These stages are explored in more detail below.

Phone Call:

Your goals
Qualification/ What you need to do

Email:

Credit Guide
Privacy Consent
Client Needs Analysis

Appointment:

ID verification
Document collection
Goal setting and planning

Research:

Product Comparison
Credit Proposal Disclosure
Signing of Application

Loan Application:

Lodgement of documents
Lender assessment
Negotiation

Loan Approval:

All criteria satisfied
Unconditional on purchases

Loan Documentation:

Loan offer
Disbursement authority
Direct debit request
Mortgage (Lawyer/JP maybe required)

Settlement:

Settlement Statement
Funds to contribute to lawyers trust account for purchases
Documents in order
Insurance with lender as mortgagee
Payment of govt fees

After sales care to do list:

Internet banking set up
Salaries and rent to offset account
Using your Pegasus folder
Budgeting
Loan structure guidance for taxation