Loan Process

LOAN FUNDS PROVISION (Loan Details)
Potential borrowers are asked to note that, for borrowers living in New South Wales and the Australian Capital Territory, Easy Finance Loans provides loan funds by way of cheque.
This policy has been adopted in an effort to reduce administration and security costs, in response to the uneconomic price controls introduced by the NSW and the ACT Governments over recent years.
The cheque may be cashed with any negotiating entity, including the consumer’s bank, or with Fast Easy Loans Pty Ltd, which is one of a number of companies offering a cheque cashing service.
Whether or not the consumer chooses to use the services of Fast Easy Loans will in no way affect Easy Finance Loans’ assessment of their loan application.
Fast Easy Loans will inform the consumer of the relevant cheque cashing fee, with the amount detailed in a cheque cashing deed, issued by that company for the consumer to consider. Only if the consumer is in agreement, will they then be asked to sign and return the deed to that company to facilitate payment.
In the normal course of business, Easy Finance Loans will provide the cheque to the consumer by Australia Post and a 3 to 4 day delivery time should be assumed. If the cheque is deposited in the consumer’s bank account on the day of receipt in the mail, a further 2 days should then be allowed before funds are available.
If the consumer instructs us to do so, Easy Finance Loans will provide the cheque to a nominated cheque cashing service on the consumer’s behalf. The cheque will be cashed on the same day via bank transfer to the consumer’s nominated account and will generally be able to be accessed from that account the following day.
The Easy Finance Loans’ cheque will be made out for the full amount of the loan.
The consumer’s selection of Fast Easy Loans, or any other cheque cashing service, will or may incur a cheque cashing fee, which will be deducted from the full amount of the loan, thereby reducing the amount available to the consumer.
The lender, Easy Finance Loans, does not receive any payment from any cheque cashing service, does not have any input concerning any cheque cashing fee charged and does not offer a cheque cashing service of its own.
Before making any decision concerning the cashing of the loan funds cheque, it is recommended the consumer makes enquiries with a variety of service providers, as to the cost of cheque cashing.
All loan deposit time frames stated in this website are dependant on the payment model you select and the state you reside in. The timeframes stated are a guide only, are indicative only and are based from receipt of Easy Finance Loans or the lender of all customer documentation.

Website
This website is owned by Fast Easy Loans Pty Ltd. All applications completed on this site are sent to Easy Finance Loans for processing. Fast Easy Loans Pty Ltd Credit Representative Number: 383455. Easy Finance Loans Pty Ltd 383436

• By applying you are giving your consent to the use and disclosure of your personal information as part of assessing your application and then establishing and administering your account. Regardless of when or how the information is collected, your personal information may be shared between, and used by Easy Finance Loans and the Lender, for the primary purpose and for related purposes including:

• consideration of any other application made by you to Easy Finance Loans for financial products or services
• customer relations including management of our relationship with you and market or customer
• satisfaction research and product development
• compliance with legislative and regulatory requirements (including without limitation the Anti-Money Laundering
• and Counter-Terrorism Financing Act 2006)
• compliance with payment systems requirements
• our internal operations including record keeping, risk management, securitisation, credit scoring and portfolio analysis and
• arrangements with other organisations to provide services in relation to our products and services

The Lender may also disclose your credit information and personal information for those purposes to the following organisations (“Disclosure Parties”):

• credit reporting agencies
• its service providers and alliance partners
• its agents, contractors and external advisers
• your referees, including your employer
• your legal and financial advisers
• government and other regulatory bodies, law enforcement bodies and courts external complaint resolution bodies e.g. Credit Ombudsman Service Limited (COSL).
• rating agencies
• payment system operators and
• other financial institutions and lenders and brokers.

I/We by applying authorise Easy Finance Loans PTY LTD and their Lenders to do the above in accordance with the Privacy Act 1988. Further, I/We acknowledge that by applying we agree that this authority is a continuing authority that has effect before, during and after the provision of any credit.

Privacy Statement

The Privacy Act regulates the collection, use and disclosure of your personal information. This document informs you about the use that will be made of the personal information provided by you in your loan application form and how your personal information may be disclosed to other parties in certain circumstances. By signing this notice you are giving your consent to the use and disclosure of your personal information as detailed in the notice. If you do not provide your consent, Easy Finance Loans may not be able to process or accept your application. In this application form “Lender” means Easy Finance Loans (if your loan application is accepted by us, the Loan contract of offer will specify the name of the lender).

By completing this application form, you are providing personal information to Easy Finance Loans for the primary purpose of Easy Finance Loans verifying your identity, assessing your application and then establishing and administering your account. Regardless of when or how the information is collected, your personal information may be shared between, and used by Easy Finance Loans and if applicable, the Broker, for that primary purpose and for related purposes including:

• consideration of any other application made by you to Easy Finance Loans for financial products or services
• customer relations including management of our relationship with you and market or customer satisfaction research and product development
• compliance with legislative and regulatory requirements (including without limitation the Anti-Money Laundering and Counter-Terrorism Financing Act 2006)
• compliance with payment systems requirements
• our internal operations including record keeping, risk management, securitisation, credit scoring and portfolio analysis and
• arrangements with other organisations to provide services in relation to our products and services

Easy Finance Loans may also disclose your credit information and personal information for those purposes to the following organisations (“Disclosure Parties”):

• credit reporting agencies
• its service providers and alliance partners
• its agents, contractors and external advisers
• your referees, including your employer
• your legal and financial advisers
• government and other regulatory bodies, law enforcement bodies and courts
• external complaint resolution bodies (for example, the Financial Ombudsman Service)
• rating agencies
• payment system operators and
• other financial institutions and lenders and brokers.

Easy Finance Loans may at any time do any of the following things where permitted by the Privacy Act (“Use of Credit Information and Reports”):

• seek and use consumer and commercial credit information (including a consumer and/or commercial credit report from a credit reporting agency) about me/us
• to assess this application (including, if applicable, for the provision of credit to me/us or to accept me as a guarantor)
• seek and use a credit report about me/us provided by a credit reporting agency to collect overdue payments from me/us
• seek from and use, or give to any lender named in a credit report provided by a credit reporting agency, any information about me/our credit
• worthiness, credit standing, credit history or credit capacity to assess this application

Give personal and credit information about me/us to a credit reporting agency including:

• identity particulars
• that credit has been applied for and the amount
• that the Lender is a current lender to me/us
• payments which are overdue and for which collection action has commenced, that payments are no longer overdue, that cheques drawn by me/us have been dishonoured, that I/we have committed a serious credit infringement and that this loan has been paid or finalised.
• give any report about me/us to another person or body in connection with loan securitisation arrangements
• give, request and receive information about my/our consumer/personal information, including the payout figure in respect of any of my/our credit, to any accountant, lawyer, broker, other adviser or bank acting on my/our behalf
• give any report, copy of any loan agreements or other document or information about me/us to any person who has, or will guarantee or provide security for the repayment of credit provided to me/us.

This information may be given before, during and after the provision of credit.
SPECIFIC ACKNOWLEDGEMENTS UNDER THE PRIVACY ACT 1988 (CTH)

I/We acknowledge that by applying for finance that I/We and agree that the Lender and Easy Finance Loans PTY LTD may:

• give information to an Agency in accordance with the points outlined above
• apply to an Agency for a credit report concerning me/us
• use a credit report for the purpose of determining the acceptability of a guarantor to the loan
• use a credit report for the purpose of collecting overdue repayments from me/us
• use a credit report if they reasonably believe there has been a serious credit infringement
• obtain information from an Agency that provides information on commercial credit worthiness in assessing my/our application and
• perform all action inline with the information outlined in this document.

I/We authorise the Lender and Easy Finance Loans PTY LTD to do the above in accordance with the Privacy Act 1988 (Cth). Further, I/We acknowledge that this authority is a continuing authority that has effect before, during and after the provision of any credit.

Application Preliminary Approval & Lending Timeframes

Preliminary approval can only be provide on receipt of all loan processing documentation which are listed below.

• 100 points of identification (Identification includes: Drivers License, Medicare Card, Credit Card, Passport, Birth Certificate, etc)
• Last 2 months of Payslips
• Last 3 months of bank statements
• Confirmation of residential Status via electricity, car registration, phone bill etc

All timeframes listed in the website are indicative only and are based from receipt of Easy Finance Loans or the lender of all customer documentation.

Competition Rules

• The prize winner will be judged by the Directors of Easy Finance Loans in April of each calendar. The winner will be based on the personal discretion of the Judges to have best answered the question of “What do you like about Easy Finance Loans?”.
• There is only one prize per 12 month period from a commencement date of April 2010.
• Only the winner will be contacted personally.
• Prizes must be taken as stated and cannot be deferred.
• Players must comply with all rules to submit only one entry.
• No responsibility is accepted for ineligible entries or entries made fraudulently.
• This competition is not open to employees or contractors of Easy Finance Loans or any person directly or indirectly involved in the organisation or running of the competition, or their direct family members.
• Easy Finance Loans decision is final in every situation including any not covered above and no correspondence will be entered into.
• Easy Finance Loans reserve the right to cancel the competition at any stage, if deemed necessary in their opinion, and if circumstances arise outside of their control.
• Entrants will be deemed to have accepted these rules and to agree to be bound by them when entering this competition.