Responsible Lending Code

East Bay Finance is a Finance Broker, but in certain circumstances will lend money directly.

Your Loan Consultant tell you if your loan is with East Bay Finance or if it is being brokered to another company. If your loan is brokered to another company we will advise you of the fees, interest rate, and payments prior to your loan being drawn down. These rates and fees vary from Company to Company but currently start at 8.95%.

When you apply for a loan we have some responsibilities to you, these include that we understand your needs and your situation. Rest assured all information provided will be kept confidential. Depending on your circumstances the sort of information we may request from you is as follows:

• Your personal circumstances including your age
• What existing loans you have and whether they will be repaid with this loan
• Recent bank statements to confirm your income and expenses
• Whether your employment is full, part-time, or casual
• What assets you have and their value
• Details of your credit history and your consent to us conducting a Credit Check on you
• Requesting to see your identity documents (drivers license/passport etc)

To understand your needs we may also ask the following:

• The amount you would like to borrow
• When you require the funds
• The purpose of the loan
• The loan term that best suits your needs/budget

It is very important to us that you understand your contract and we endeavor to do the following:

• Make sure you know your rights and responsibilities before you sign the Contract
• Have clear terms and conditions that are easy to understand
• Ensure you understand the Interest Rate & Fees that apply to your Contract
• Clearly specify any security being used and ensure you are aware of this
• Explain to you what may happen in the event of non-payment (repossession or sale of any property that you have provided as security)

We provide you with you this information at the time you apply and have more details on our website. Please refer to the bottom of each page of website for specific information you require.