Primary Member
Joint Member (Applicant)
Surname
Given Names
Title
Home Address
Postcode
Time there
Previous address if resident
under 3 years
Email address
Home telephone/mobile
Date of Birth
Marital Status
No. of Dependents
Drivers Licence No.
Licence expiry date
Name of Employer
Employer’s Address
Occupation
Work Telephone
Length of Service
Expiry date of term/contract if
applicable
Details of previous employer if
in the current position for
under 3 years
Length of service
Name and Address of nearest
relative NOT living with you
Please answer all questions and print clearly
PO Box 1967 Macquarie Centre 2113
phone 02 9859 0585 fax 02 9859 0555 email info@lcu.com.au www.lcu.com.au
Laboratories Credit Union Limited
ABN 77 087 650 217 AFSL/Australian
FINANCIAL DETAILS
INCOME
Primary Member
Joint Member (Applicant)
Gross Annual Salary
$
$
Gross Fortnightly Salary
$
$
Nett Fortnightly Salary
(After tax and superannuation)
$
$
Other Income
$
$
(If joint application please include details for spouse/partner)
Assets
$
Loans & Expenses
$
DESCRIPTION ESTIMATED VALUE COMMITMENT NAME OF LENDER BALANCE OWING
House/Unit Home Loan PLEASE
House/Unit/Land Investment Loans INCLUDE
Motor Vehicle Car Loan/Lease A CURRENT
Furniture & Household Goods
Personal Loans COPY
OF Cash & Term
Deposits
Household/Hire Purchase
STATEMENTS
Other Assets FOR
Other Assets Credit Cards Visa/Amex/ Mastercard/Diners etc.
NON LCU LOANS &
Total Estimated
Value
$
Store accounts ALL CREDITCARDS
Monthly Expenditure Calculation Sheet (Please complete)
R
ENT/B
OARD Please provide a copyof the lease or if boarding a letter from the owner
$
H
OMEE
XPENSES Eg. Water/Council/ Electricity/Telephone/ Insurance$
FAMILY
EXPENSES
Eg. Groceries/ Medical/Clothing/ Pets$
CAR/
TRANSPORT
Eg. NRMA/ Registration/ Insurance/Petrol/ Maintenance/Fares$
ENTERTAINMENT Eg. Sport/ Newspapers/
Theatre
$
EDUCATION
Eg. Books/Pre-school/Fees/Uniforms
$
TOTAL MONTHLY EXPENSES
$
Please provide current pay slip or letter from employer stating commencement date and salary
details.
If self employed please provide full financial statements & tax returns for the latest 2 years & current
figures of no more than 3 month old.
Proof and source of Other Income is required
DETAILS OF LOAN/OVERDRAFT AMOUNT
A
MOUNT OF THIS LOAN$
B
ALANCE OFE
XISTINGLCU
L
OAN$
T
OTALL
OANS
OUGHT$
PURPOSE OF LOAN
If applicable please provide estimated
purchase price of property
$
Preferred Repayment $ _________ Term _________ FORTNIGHTLY OR
Laboratories Credit Union Ltd
Permission to obtain and disclose credit and personal information
What
information
can be
disclosed?
The Privacy Act allows Laboratories Credit Union Ltd ('we', 'us', 'our') and other applicable persons to disclose personal information about you when related to the primary purpose for which it was collected. In connection with providing credit to you, personal information may include credit information, such as: details to identify you and verify your identity, such as
your name, sex, date of birth, current and 2 previous addresses, your current and last known employer, and your driver's licence number the fact that you have applied for credit and the
amount or that we are a current credit provider to you, or that you have agreed to be a guarantor advice that payments previously notified as unpaid are
no longer overdue
information about your current or terminated
consumer credit accounts and your repayment history payments overdue for at least 60 days and for which
collection action has started
in specified circumstances, that in our opinion you have committed a serious credit infringement
the fact that credit provided to you by us has been paid or otherwise discharged, and
other information about credit standing, worthiness, history or capacity that credit providers can disclose under the Privacy Act, including a credit report. Your sensitive information (e.g. membership of a professional or trade association) may also be disclosed where relevant to this application.
Why do we
obtain
information?
Before, during or after the provision of our products and services to you, we may obtain your personal information for the purpose of providing products and services to you and managing our business. When providing credit to you, this may include assessing your application for consumer or commercial credit or to be a guarantor for the applicant, assessing your
credit worthiness, managing your loan or the arrangements under which your loan is funded or collecting overdue payments.
If you do not provide us with the personal information that we request, we may not be able to consider your application for credit or provide other services.
Who can
give or
obtain
information?
For the purpose of providing products and services to you and managing our business, we may give
information to:
external service providers to us, such as organisations which we use to verify your identity, payment systems operators, mailing houses and research consultants
insurers and re-insurers, where insurance is provided in connection with our services to you
debt collecting agencies, if you have not repaid a loan as required
our professional advisors, such as accountants, lawyers and auditors
state or territory authorities that give assistance to facilitate the provision of home loans to individuals other credit providers and their professional advisors your representative, for example, lawyer, mortgage
broker, financial advisor or attorney, as authorised by you, or
government and regulatory authorities, if required or authorised by law.
In addition, in connection with providing credit to you, we and the Credit Providers mentioned below may:
obtain a commercial and consumer credit report containing personal information about you from a credit reporting body
obtain personal information about you from your employer and any referees that you may provide. exchange credit information about you with each other,
and
exchange credit information about you with any credit reporting body and any other provider of credit to you named in your credit application or a credit report from a credit reporting body.
Credit Providers can mean: us
our related companies
any agent or contractor of ours assisting in processing a loan application, and
other entities that may be involved in a securitisation arrangement which we use to fund your loan Overseas disclosures
We may disclose your personal information overseas. However, if we do disclose this information outside Australia, we will do so on the basis that the
information will be used only for the purposes set out in the Privacy Policy.
Important
information
about credit
reporting
bodies
If you apply for or hold any kind of credit with us, we may disclose information to a credit reporting body. That includes disclosing that you are in default under a credit agreement or have committed a serious credit infringement, if that is the case. Specifically, we may disclose information to or collect information from Veda Advantage, whose privacy policy and contact details are at www.veda.com.au. Credit reporting bodies collect credit information about individuals which they provide as credit reports to credit providers and others in the credit industry to assist them in managing credit risk, collecting debts and other activities.
You can also ask a credit reporting body not to use or disclose your personal information for a period if you believe on reasonable grounds that you have been or are likely to be a victim of fraud, including identity fraud.
Disclosure to
insurers and
guarantors
Lenders' mortgage and trade insurers
In connection with providing credit to you, a lenders' mortgage insurer or a registered trade insurer may obtain credit information about you from a Credit Provider or from a credit reporting body to assess whether to provide lenders' mortgage insurance to us in relation to an application for consumer credit, or whether to provide trade insurance to us in relation to
an application for commercial credit. Guarantors
In connection with providing credit to you, the Credit Providers may give a guarantor, or a person who is considering becoming a guarantor, credit information about you for the purpose of enabling the guarantor to decide whether to act as guarantor or to keep informed about the guarantee.
Personal
information
about third
parties
You represent that, if at any time you supply us with personal information about another person (for example a referee), you are authorised to do so; and you agree to inform that person who we are, how to contact us, how to obtain our Privacy Policy, and that
we will use and disclose their personal information for the purposes set out in this Permission and that they can gain access to that information.
Security,
privacy
policy, and
marketing
preferences
SecurityWe take all reasonable steps to ensure that all your personal information held by us (on our website or otherwise), is protected from misuse, interference and loss, and from unauthorised access, disclosure or modification.
Privacy Policy
Our Privacy Policy at www.lcu.com.au provides additional information about how we handle your personal information. It sets out how you can ask for access to personal information we hold about you
and seek correction of that information. It also explains how you can complain about a breach of the Privacy Act or the Credit Reporting Privacy Code, and how we will deal with your complaint. We will give you a copy of our Privacy Policy on request.
Marketing preferences
The Credit Providers may use, and share with each other, information about you to inform you about products and services (unless you ask us not to). The Credit Providers may do so even if you are on the Do Not Call Register.
Acknowledgment
By signing this application, you acknowledge having read and understood this permission to obtain and
disclose information. You authorise the persons and organisations named above to give and obtain the
information in the ways specified above until the credit is repaid in full.
In the event of my accepting an offer for a loan from Laboratories Credit Union I understand that I will
become a member of Laboratories Credit Union once acceptable identification is provided and the $10
share is paid.
Name Name Signature Date / /
Applicant / Guarantor / Account Signatory / Authorised Representative of Corporate Applicant / Corporate Guarantor
Signature Date / / Applicant / Guarantor / Account Signatory / Authorised Representative of Corporate Applicant / Corporate Guarantor
LENDING FEES AND CHARGES
Australian Credit Licence No. 2408071st July 2015
ALL LOANS
VEDA ADVANTAGE (credit check)
$20.00 per applicant
PERSONAL LOANS & CAR LOANS
Private Property Security Register
$17.00
GUIDE TO APPROXIMATE MORTGAGE COSTS
The following is an approximate list of the costs involved in the establishment of a mortgage. These costs relate to
each property used as security and should only be taken as a guide.
V
ALUATION(Metropolitan Area)
from $220.00 depending upon value of property.
(Country Areas)
quote can be provided
S
OLICITORS FEES$484.00
R
EGISTRATIONF
EES$109.50 (registration of mortgage)
$219.00 (transfer of mortgage)
$109.50 (discharge of mortgage)
L
OANS
ECURITIESD
UTY$4 per $1000 of loan (Commercial loans only)
C
ONTRACT VARIATIONF
EE(variable to fixed rate/fixed to variable rate) $200.00
MORTGAGE DISCHARGE FEE
$200
MORTGAGE DISCHARGE SOLICITORS FEE
$260
Building & Construction Loans
(These items must be obtained within 3 months of the completion of construction).
Survey (of the completed construction)
$360.00
Building Certificate from the Council
$50.00
A second valuation required on completion
Please Note:
1. The above costs relate to a mortgage loan taken over a property covered by Torrens title or Strata title.
2. Old system title may incur additional costs.
3. This list does not include the costs involved in discharging any previous mortgages. Please contact your current
mortgagee for this information.
4. Mortgage insurance will be required if more than 80% (in some cases 75%) of the property value is borrowed
(conditions apply).
LOAN PRODUCT INFORMATION
Barefoot Loan L25
1st Home buyers loan
Intelligent Mortgage 300 L30 Loans over $300k Intelligent Mortgage L26 Intelligent Mortgage Fixed L5/L15 1/2 years fixed Intelligent Mortgage Fixed L5/L15 3 years fixed Interest Only L9 1/2 years
Fixed Honeymoon rate
(when available)
Std Interest rate
4.28% Variable
for the first 3 years
Then reverts to L26 rate
4.54% Variable 4.78% Variable 4.49% Fixed 4.39% Fixed 4.49% Fixed
Free Re-Draw with
Internet access Automatic Salary deduction Repayment frequency Weekly Fortnightly Monthly Weekly Fortnightly Monthly Weekly Fortnightly Monthly Weekly Fortnightly Monthly Weekly Fortnightly Monthly Monthly Maximum borrowing as % of LVR 80% (No LMI) 95% (with LMI) Loans over 750K up to 90% 80% (No LMI) 95% (with LMI) Loans over 750K up to 90% 80% (No LMI) 95% (with LMI) Loans over 750K up to 90% 80% (No LMI) 95% (with LMI) Loans over 750K up to 90% 80% (No LMI) 95% (with LMI) Loans over 750K up to 90% 80% (No LMI) 95% (with LMI) Loans over 750K up to 90% Term of Loan up to 30 years up to 30 years up to 30 years up to 30 years up to 30 years up to 2 years
Pre-purchase
approval
No monthly fees
LOAN PRODUCT INFORMATION
New Car Loan
New & demonstrator cars
L12
No Frills Car Loan L19 Green Loan L3 Home Renovation Loan L14 Share Loan L8 Personal Loan L11 Std Interest rate 8.05% Variable 10.35% Variable 7.35% Variable 9.10% Variable 11.25% Variable 13.20% Variable
Free Re-Draw with
Internet Access Automatic Salary deduction Repayment frequency Weekly Fortnightly Monthly Weekly Fortnightly Monthly Weekly Fortnightly Monthly Weekly Fortnightly Monthly Weekly Fortnightly Monthly Weekly Fortnightly Monthly Maximum borrowing $50,000 $50,000 $50,000 $50,000 $30,000 $50,000 Security may be required
Term of Loan up to 10 years up to 5 years up to 7 years up to 10 years up to 5 years up to 7 years
Pre-purchase approval
No monthly fees
