Clear rules for using the application service.
These baseline terms should be finalized with the client's legal name, lending licence/authority details where applicable, product terms and complaints process before launch.
No automatic approval
Submitting an application does not guarantee approval, disbursement or any particular loan terms. The lender may request further information before making a decision.
Accuracy of information
Applicants are responsible for providing information and documents that are complete, current and accurate.
Loan terms
The calculator and website examples are illustrative. Any approved loan should be accompanied by the lender's final amount, interest or charges, repayment frequency, repayment period and total repayment information before acceptance.
Application decisions
The lender may approve, decline or request more information in accordance with its lending criteria and applicable requirements.
Acceptable use
The website must not be used to submit fraudulent information, impersonate another person, upload malicious files or attempt unauthorized access to administrative functions.
Changes
The lender may update the website, products and these terms. Material loan terms for an already-approved application should be handled through the applicable loan agreement.