Business Loan/Line of Credit Application

Transcription

1 Primary Officer Officer 2 Officer 3 Bank of Sydney Ltd ABN AFSL & Australian Credit Licence Business Loan/Line of Credit Application Applicant Name:... Application No.... Date:.../.../ Checklist of Documents Required to Support Loan Application Please tick Yes No N/A All Applicants Completed Business Loan/Line of Credit Application Form Guarantor's Statement (where applicable) Personal Identification documents for all account signatories (as per bank requirements) CRAA Check for all applicants (including guarantors) In case of rental income, copy of the lease or rental receipts or agent letter. (Tax returns sufficient if income existing in last financial period) Copy of account records for the last 6-12 months plus aany corporate Credit Card statements and any business overdraft statements Copies of any applicable Powers of Attorney Periodical Payment Authority completed Irrevocable Authority completed Refinances Copy of last 6-12 months loan statements for ALL loans being re-financed including personal loans, overdrafts, credit cards Copy of recent rates notice. Purchases Copy of completed front page of Contract for Sale Solicitor's details have been provided if not already contained in the Contract for Sale Construction Loans/Building Loans Copy of Builder's Tender/Quote or Building Contract if available Copy of council approved Plans & Specifications Company Applicants Copy of last three financials including tax returns plus 2 personal tax returns for all applicants Names of all company directors plus names of shareholders and their shareholding If a new company/business, copy of the Business Plan plus 12 month forecast figures have been provided Trust Applicants Copy of the Trust Deed Details have been provided as to the nature of the trust, the trustee and activities that generate trust income Information regarding the names of beneficiaries and types of trust (i.e. Unit or Discretionary) has been provided Copy last 2 tax returns/financials for the Trust Bank Use Only: Bank of Sydney to Include Income Calculation Worksheet (Serviceability) Please note: All Guarantors (both Company & Individuals) guarantee jointly & severally are required to obtain independent legal & financial advice as part of the settlement process. The necessary documents are supplied by the Banks Panel Solicitor with the mortgage documentation. BOS0022 (06/2014) Page 1 of 18

2 2 Applicant Details Applicant - (If individual Surname first. If the Applicant is a company, give name. For sole proprietors e.g John Smith t/a Smiths Plumbing or partnerships, give name of the individuals in whose name the loan will be taken together with trading name). Is the Applicant borrowing in its capacity as a trustee? ABN / ACN / BN No Yes - Give name of Trust 3 Business Details Business Structure Nature of Business Length of time business has been in operation Business Premises (Country/State Company Established in) Sole Proprietor Partnership Company Trust Other (Provide brief description) months No. of employees (exclude owners/directors/shareholders) Owned Mortgaged Home Office Leased Other Date Company Registered : l : l : : : (Country/State Trust Settled in) Date Company Established : l : l : : : Date Trust Settled : l : l : : : Trading Address Registered Office or Postal Address (if different to business address Name of Main Contact Person Contact Details Home Mobile Business address Solicitor s Details Accountant s Details Firm Name Contact Name Address Phone Number Fax Number Address Web Site DX Number BOS0022 (06/2014) Page 2 of 18

3 4 Personal/Business Protection Details Does the Applicant or its directors have in place contingency plans to meet loan repayments in the event that accident or illness prevents them from earning an income? (i.e. Income Protection or Sickness and Accident Insurance) No Yes - Name of Insurance Company Benefit (cover) Does the Applicant presently hold Life Insurance/Trauma Cover to cover business loans or directors loans? No Yes - Name of Insurance Company Does the Applicant presently hold Life Insurance/Trauma Type Cover to cover key employees? No Yes - Name of Insurance Company /month Cover Cover 5 Loan/Line of Credit Details Loan Type (Please select one) Line of Credit Commercial Loan Business Loan Other Loan Term Costing Working Capital (full purchase Purchase Real Estate price/costing) Capital Expenditure Fixed Variable Repayments Principal and Interest Interest Only Account to be debited with fees applicable to the loan BSB Account Number 9 : 4 : 2 - : : : : : : : : : : Purpose of facilities (briefly state purpose and total amount of facilities required) Overdraft Virtual Business Term Loan (full purchase price/costing) total Funding Refinance/Restructure Other Purpose Legal Fees (own solicitor) Bank Guarantee Other Bank Facility (show details) Bank Costs (application/valuation/ legal fees) Stamp Duty on Purchase Other Finance (other Banks/vendor) Discharge of Existing Loans Mortgage duty on loan Other Funds (please specify) Other Costs (please specify) Total 1 Applicant s Contribution Total 1 should equal Total 2 Total 2 BOS0022 (06/2014) Page 3 of 18

4 5 Loan/Line of Credit Details (Continued) Proposed Security For The Loan Full description of property (include state and postcode) [If your loan is being split, please tick which loan(s) are to be secured Source (eg. by which property(s)] purchase price) Property 1. Loan 1 Loan 2 Loan 3 Residential Security Business/ Address: Business/Commercial Security Title Particulars (Volume/Folio/DP or Identifier No.) See original Rates notice or Contract of Sale) Valuation Details (Lending Officer to complete) Date Amount % Bank Value of Security (BVS) Registered Owners/Proprietors (Names to appear on Certificate of Title) Property 2. Loan 1 Loan 2 Loan 3 Residential Security Address: Business/Commercial Security Title Particulars (Volume/Folio/DP or Identifier No.) See original Rates notice or Contract of Sale) Registered Owners/Proprietors (Names to appear on Certificate of Title) Property 3. Loan 1 Loan 2 Loan 3 Residential Security Address: Business/Commercial Security Title Particulars (Volume/Folio/DP or Identifier No.) See original Rates notice or Contract of Sale) Registered Owners/Proprietors (Names to appear on Certificate of Title) LMI Cover Total BVS Bank Liability against this security Total Bank Exposure Other Security (please specify) Source Date Amount % (BVS) List BSB and account number(s) of any other BOS accounts secured by the property (if more than 3 attached separate list) 9: 4: 2 - : : : : : : : : : : : 9: 4: 2 - : : : : : : : : : : : 9: 4: 2- : : : : : : : : : : : 6 Name of Shareholders/Directors/Partners and their Shareholding percentage Personal Details (If more than 2 attach additional copies of Section D) (To be completed for all Directors, Proprietors / Partners) Full name of Shareholders/Directors/Partners (For companies, give the full names of all directors and the full names of any other persons who own shares in the company. For sole proprietors or partnerships, give the full names of all owners/partners.)(please attach list if more.) (Note: Please attach guarantor statements for all directors. Please complete section 6 & 7 if sole Proprietor or partnership) BOS0022 (06/2014) Page 4 of 18 % o f o w n e r s h i p % o f o w n e r s h i p % o f o w n e r s h i p % o f o w n e r s h i p % o f o w n e r s h i p % o f o w n e r s h i p

5 7 Shareholders/Directors/Partners Details Applicant 1 Applicant 2 Title Surname Given Names (First and Middle Names) Mr Mrs Ms Miss Other Mr Mrs Ms Miss Other Sex Male Female Male Female Home Address Date Moved In : l : : : Date Moved In : l : : : Date of Birth : l : l : : : Driver s Licence No. : l : l : : : Driver s Licence No. Marital Status No. of Dependents Residential Status Residency Status Identification Details 1. (or attach FTRA form) 2. Single Married Defacto Divorced Widowed Separated Ages Owned Mortgaged Rented Boarding Living with parents Australian Citizen: Y / N Norfolk Island Resident: Y / N Non Resident: Y / N Specific Country: Passport No: Single Married Defacto Divorced Widowed Separated Ages Relationship to Applicant 1 Owned Mortgaged Rented Boarding Living with parents Australian Citizen: Y / N Norfolk Island Resident: Y / N Non Resident: Y / N Specific Country: Passport No: Postal Address Before Loan Settlement (if different to home address) Postal Address After Loan Settlement (if different to home address) Previous Home Address (If less than 2 at current address) Date Moved In Contact Details : l : : : Home Business Mobile address Date Moved Out : l : : : : l : : : Home Business Mobile address Date Moved Out : l : : : Are you an existing BOS customer? No Yes - Account No. : : : : : : : : No Yes - Account No. : : : : : : : : BOS0022 (06/2014) Page 5 of 18

6 7 Shareholders/Directors/Partners Details (Continued) Applicant 1 Applicant 2 Employment Status Full Time Part Time Casual Self Employed Other Full Time Part Time Casual Self Employed Other Employer s Name or Trading Name Address Phone Number Occupation Date Commenced Employment : l : : : : l : : : Have you operated this business for less than 2? No Yes (Please complete details below) No Yes (Please complete details below) Previous Employer s Name Address Phone Number Occupation Period with this Employer Employment Status From : l : : : To : l : : : Full Time Part Time Casual From : l : : : To : l : : : Full Time Part Time Casual If you were not employed over 2 ago, please describe your situation. Student Home Duties Other (Please specify) Unemployed Independent Means Student Home Duties Other (Please specify) Unemployed Independent Means Do you have other employment? No Yes (Please complete details) No Yes (Please complete details) Employer s Name Address Phone Number Occupation Date Commenced Employment Employment Status : l : : : Full Time Part Time Casual : l : : : Full Time Part Time Casual BOS0022(06/2014) Page 6 of 18

7 8 Personal Financial Details - Please include one copy per Individual (physical person) who are Proprietors/Partners Name Your Income Base Income Regular Overtime Family Payment Pension Investment Income Existing Rental Income Proposed Rental Income Motor Vehicle Allowance Foreign Income Gross Monthly Income* Gross Yearly Amount** *How to convert to monthly amounts Fortnightly Amounts - multiply by 26 and divide by 12 **How to convert to yearly amounts Gross Monthly Amounts - multiply by 12 Other eg. Commission (Please specify below) TOTAL INCOME Your Assets Approx. Value Real Estate Property 1 Address Property 2 Address Motor Vehicles Make/Model Year Make/Model Year Savings/Investment Account Name of Institution BSB : : - : : A/c No. Name of Institution BSB : : - : : A/c No. Investments (Bonds, Shares, Debentures etc) Type of Investment Type of Investment Deposit paid on the property being purchased Insured Value of Home Contents Current Value of Superannuation Other (Please specify type of asset, eg. Boat, Caravan etc) BOS0022(06/2014) Page 7 of 18

8 8 Personal Financial Details (Continued) Name Existing Mortgages Liabilities Limit (if equity loan) Property 1 Lender s Name Property 2 Lender s Name Credit Cards/Store Cards/Lines of Credit/Overdraft Issuer Issuer Issuer Personal Loans/Leasing Lender s Name Lender s Name Debts Guaranteed by you Rent or Board Superannuation (Not including employer contribution) Child Maintenance Insurance (Please specify eg. health, car) Other (Please specify eg. Taxation, HECS) Total Amount Owing Commitments Monthly Payment Amount To cease if loan application approved (please tick) Provide Estimate of other monthly regular expenses (eg. food, petrol, household bills) * Lender to attach system generated Income Calculation Worksheet TOTAL LIABILITIES TOTAL COMMITMENTS Have you ever been bankrupt, had any unsatisfied credit defaults, or had a judgement debt? No Yes (Please attach details to this application) Are you receiving unemployment benefits or worker s compensation? No Yes (Please attach details to this application) Have you ever been known by any other name(s)? No Yes (Please specify below) Former Names Date of Change : l : l : : : : l : l : : : Declaration I do hereby solemnly declare and affirm that the above statement of my liabilities and assets is true and correct in every particular. Signature of Declarant BOS0022 (06/2014) Page 8 of 18 Signature of Declarant

9 8 Personal Financial Details - Please include one for each Director / Partner / Proprietor Name Your Income Base Income Regular Overtime Family Payment Pension Investment Income Existing Rental Income Proposed Rental Income Motor Vehicle Allowance Foreign Income Gross Monthly Income* Gross Yearly Amount** *How to convert to monthly amounts Fortnightly Amounts - multiply by 26 and divide by 12 **How to convert to yearly amounts Gross Monthly Amounts - multiply by 12 Other eg. Commission (Please specify below) TOTAL INCOME Your Assets Approx. Value Real Estate Property 1 Address Property 2 Address Motor Vehicles Make/Model Year Make/Model Year Savings/Investment Account Name of Institution BSB : : - : : A/c No. Name of Institution BSB : : - : : A/c No. Investments (Bonds, Shares, Debentures etc) Type of Investment Type of Investment Deposit paid on the property being purchased Insured Value of Home Contents Current Value of Superannuation Other (Please specify type of asset, eg. Boat, Caravan etc) BOS0022 (06/2014) Page 9 of 18

10 BOS0022 (06/2014) Page 10 of 18 8 Personal Financial Details (Continued) Name Existing Mortgages Liabilities Limit (if equity loan) Property 1 Lender s Name Property 2 Lender s Name Credit Cards/Store Cards/Lines of Credit/Overdraft Issuer Issuer Issuer Personal Loans/Leasing Lender s Name Lender s Name Debts Guaranteed by you Rent or Board Superannuation (Not including employer contribution) Child Maintenance Insurance (Please specify eg. health, car) Other (Please specify eg. Taxation, HECS) Total Amount Owing Commitments Monthly Payment Amount To cease if loan application approved (please tick) Provide Estimate of other monthly regular expenses (eg. food, petrol, household bills) * Lender to attach system generated Income Calculation Worksheet TOTAL LIABILITIES TOTAL COMMITMENTS Have you ever been bankrupt, had any unsatisfied credit defaults, or had a judgement debt? No Yes (Please attach details to this application) Are you receiving unemployment benefits or worker s compensation? No Yes (Please attach details to this application) Have you ever been known by any other name(s)? No Yes (Please specify below) Former Names Date of Change : l : l : : : : l : l : : : Declaration I do hereby solemnly declare and affirm that the above statement of my liabilities and assets is true and correct in every particular. Signature of Declarant Signature of Declarant

11 9 Application Terms Privacy Notification and Consent By signing this document you consent to us(bank of Sydney Ltd ACN AFSL & Australian Credit Licence and our related entities) and some other entities collecting, using, holding, and disclosing personal and credit information about you. If you do not provide us with this consent or provide us with your personal information we may not be able to arrange finance for you or provide other services. We may collect, use, hold and disclose personal and credit information about you for the purposes of arranging or providing credit to you, managing that credit, direct marketing of products and services by us and managing our relationship with you. Credit information includes the type and amount of credit provided to you, repayment history information, default information (including overdue payments) and court information. Personal information includes any information from which your identity is apparent. You may gain access to the personal information that we hold about you by contacting us. A copy of our privacy and credit reporting policy can be obtained from our website or by contacting us on Our privacy policy contains information about how you may access or seek correction of your personal information and credit information, how we manage that information and our complaints process. It also contains information on notifiable matters including things such as the information we use to assess your creditworthiness, what happens if you fail to meet your credit obligations or commit a serious credit infringement, your right to request that credit reporting bodies (CRBs) not use your credit information for the purposes of pre-screening credit offers, and your right to request a CRB not to use or disclose credit information about you if you believe you are a victim of fraud. Consumer and commercial credit information We may exchange your commercial and consumer credit information with entities listed below to assess an application for consumer or commercial credit and manage that credit. In particular, we can obtain credit information about you from a CRB providing both consumer and commercial credit information. Exchange information with credit providers We may exchange your personal and credit information with other credit providers for the purposes of assessing your creditworthiness, credit standing, and credit history or credit capacity. Exchange information with guarantors We and the lenders mortgage insurer listed below may exchange your personal and credit information with any person who proposes to guarantee or has guaranteed repayment of any credit provided to you. Exchange information We may exchange personal and credit information with the following types of entities, some of which may be located overseas. Please see our privacy policy for more information. Finance brokers, mortgage managers, and persons who assist us to provide our products to you Financial consultants, accountants, lawyers and advisers Any industry body, tribunal, court or otherwise in connection with any complaint regarding the approval or management of your loan for example if a complaint is lodged about us or the lender Businesses assisting us with funding for loans Trade insurers Any person where we are authorised by law to do so Any of our associates, related entities or contractors Your referees, such as your employer, to verify information you have provided Any person considering acquiring an interest in our business or assets Any organisation providing online verification of your identity Customer identification We may disclose personal information about you to an organisation providing verification of your identity, including on-line verification of your identity. Lenders Mortgage Insurers (LMIs) We may exchange personal and credit information with the LMI listed below. The LMI may exchange your personal and credit information with third parties including the CRBs listed below, and the other entities with which we can exchange information. The LMIs hold, use and disclose your personal information and credit information for the purposes of assessing whether to provide insurance to us, including to assess the risk of you defaulting or the risk of a guarantor being unable to meet their liability, managing the insurance, dealing with claims, enforcing any mortgage and recovering proceeds, conducting risk and credit assessments, fraud prevention, and verifying personal information provided by us or any purpose under the insurance contract. If you don t provide personal information to the credit provider, it will not be possible for the LMI to process the credit provider s request for LMI. The LMIs that we may disclose your personal information and credit information to are: QBE Lenders Mortgage Insurance Limited who can be contacted and a copy of their privacy policy obtained on or qbelmi.com The privacy and credit reporting policies of the LMIs contain information on how the LMIs collect, use and disclose your personal and credit information, how you may access the personal information and credit information the LMI holds about you, seek correction of that information, and how you may complain about a breach of your privacy and how the LMI will deal with your complaint. The LMI may disclose your personal and credit information to overseas entities including related entities located overseas including in USA, Canada, the United Kingdom and the Philippines. We may exchange your personal and credit information with the following credit reporting bodies: Veda Advantage Ltd - veda.com.au Dun & Bradstreet (Australia) Pty Ltd - dnb.com.au Experian - experian.com.au. Contact Information: Bank of Sydney Ltd (BOS) the LMI QBE Lenders Mortgage PO BOX 4288 Insurance Limited SYDNEY NSW 2001 PO BOX R ROYAL EXCHANGE, SYDNEY NSW 1225 BOS0022 (06/2014) Page 11 of 18

12 9 Application Terms ALL APPLICANTS MUST SIGN HERE: I would like to receive marketing material and promotional s from Bank of Sydney? Yes No (Please note you can change your preferences at any time by contacting the Bank on ). Signature Name I would like to receive marketing material and promotional s from Bank of Sydney? Yes No (Please note you can change your preferences at any time by contacting the Bank on ). Signature Name Date Date : l : l : : : : l : l : : : BOS0022 (06/2014) Page 12 of 18

13 9 Application Terms (Continued) Every Applicant for a loan or line of credit from Bank of Sydney (BOS) should read the following sections carefully and should complete and sign where indicated only after having read each section. Your signature may be required in more than one place. THE APPLICANT The Applicant acknowledges that in this Application ( Application ): (c) (a) where there is more than one Applicant, this Application is made by them jointly and severally and the expression the Applicant includes all or each of them according to the context; (d) (b) the Applicant may be referred to as I, you, your, my or me and these pronouns will be taken to mean, respectively, we, you, your, our and us where there is more than one Applicant; (e) a reference to loan means either Business Loan or Business Line of Credit, depending on what the Applicant has marked at the front of this Application as being applied for; where the Applicant is or includes a company, references in this Application to I mean or include the company and any person who signs this Application for or on behalf of the company; and I have read and understood BOS's Privacy Statement. (a) (b) (c) (d) (e) I apply for a Loan from Bank of Sydney (BOS) on the terms contained in this Application; I acknowledge that this Application does not bind BOS to make a loan, that this Application is subject to approval by BOS and that any approval may be subject to conditions; I acknowledge that failing to provide some or all of the information which BOS collects about me may result in my application not being processed/approved I agree to pay all fees required by BOS if this Application is approved and to pay the security valuation fees whether this Application is approved or not. In particular, I acknowledge that: (i) BOS may engage a valuer to report on the proposed security; (ii) The fee for valuation is not refundable to me once the valuation has been made, whether the loan is approved or not; and (iii) The valuer s reports are prepared for BOS's purposes only and remain BOS s property and confidential to BOS. Neither BOS nor the valuer will be liable or under any legal obligation to me for any matter disclosed or not disclosed in such reports; If this Application is approved: (i) BOS will issue to me a letter of offer which, if accepted by me, will bind me to its terms and conditions; (ii) I authorise BOS and its solicitors to prepare and, if necessary, to complete the loan documents (such as by inserting dates); APPLICATION FOR A LOAN (f) (g) (h) (i) (j) (iii) I agree that titles to the property offered as security must be to BOS s satisfaction and that investigation by BOS or its solicitors, at my expense, may be required before any loan is made to me; and (iv) I agree to sign all documents and do all things necessary or desirable, including paying fees and charges, to ensure registration of any mortgage given to secure the loan; I understand that: (i) BOS may pay commissions or fees to any person ( introducer ) who referred me to BOS or to a party associated with an introducer ( third parties ); (ii) An introducer or a third party may pay commissions or fees to BOS relating to the sale of products or the provision of services; and (iii) such commissions and fees may be calculated by reference to outstanding loan balance and other loan details; I authorise BOS to disclose to an introducer or any third party my name, account number, settlement date, outstanding loan balance, loan type and any other information reasonably necessary to enable calculation and verification of the commissions or fees; I authorise BOS to verify any information given by me in this application by making enquiries of my solicitor, accountant or broker from time to time; I agree promptly to supply BOS on request with a current statement of my financial position; and I confirm that I understand the terms and content of this Application. I declare that: (a) I am over the age of 18; (b) I have never been declared bankrupt or insolvent and my estate has never been assigned for the benefit of creditors; (c) I have never been a director of a company in respect of which a receiver, manager or a liquidator has been appointed; (d) if I am a company, I am not in liquidation, receivership or administration; (e) there is no unsatisfied judgment entered in any court against me or any company of which I am a director; (f) neither I nor any company of which I am or have been a director has ever owned property in respect of which foreclosure or other mortgagee s powers have been exercised; (g) BOS has made no representation or warranty to me as to the taxation implications of any borrowing and BOS has not given me financial advice upon which I have relied; (h) all the information given in this Application is true, correct and not misleading and will remain true, correct and not misleading unless and until I notify BOS otherwise in writing and I acknowledge that BOS has relied on the information I have provided in or with this Application in assessing whether to approve the Application; and (i) if this Application is approved, these declarations will be deemed to be repeated by me each time a loan is made to me by BOS; BOS0022 (06/2014) Page 13 of 18 applicant s declarations (j) (k) (l) I have read and understood the Business Loan/Line of Credit Application; I am not currently guaranteeing a debt on behalf of someone else; where I/we have provided personal information about an individual (e.g. solicitor, employer, accountant). I/we have made or will immediately make the individual aware of that fact and: (i) that their personal information has been collected by the Bank to which this Request is addressed for the purpose of assessing my/our Request, administering the products or services provided to me/us and protecting against fraud. I am not currently guaranteeing a debt on behalf of someone else; (ii) that their personal information may not be disclosed to other organisations involved in the provision and administration of my/our products and services. (iii) That I/we may not be able to obtain the Bank s products or services if that individual s personal information is not provided. (iv) That the individual can gain access to their personal information by contacting the Bank, using the contact details I/we will provide. (v) Give the individual a copy of the document containing further information regarding BOS s Privacy Policy, if the individual requests it (copies available on request).

14 9 Application Terms (Continued) BUSINESS/INVESTMENT PURPOSE DECLARATION (Applicants to complete and sign only if applicable) I/We declare that the credit to be provided to me/us by the credit provider is to be applied wholly or predominantly for: business purposes; or investment purposes other than investment in residential property. IMPORTANT You should only sign this declaration if this loan is wholly or predominantly for: business purposes; or investment purposes other than investment in residential property. By signing this declaration you may lose your protection under the National Credit Code Signature Signature Name Name Date : l : l 2 : 0 : : Date : l : l 2 : 0 : : 9 Application Terms (Continued) JOINT NOMINATION FORM Each Borrower is separately entitled under the National Credit Code to receive a copy of any notice or other document under the National Credit Code. By signing below, you give up the right to be provided with multiple copies of information direct from the Lender, and nominate one person to receive this information. I/We nominate (full name of individual nominated) to receive notices and other documents under the National Credit Code on behalf of me/all of us. Please only sign below if each wish to nominate one of you. Only a person who is a Borrower may be the person nominated. Any Borrower who has signed this form can advise the Lender at any time in writing that they wish to cancel their nomination. Following any cancellation, the Lender will from then on provide each joint Borrower with their own separate copy of any notice or other document under the National Credit Code. Signature of Borrower Name of Borrower Date : l : l 2 : 0 : : Signature of Borrower Name of Borrower Date : l : l 2 : 0 : : BOS0022 (06/2014) Page 14 of 18

15 10 Irrevocable Authority We intend to finance the above loan account(s) with Bank of Sydney Ltd (BOS). In order to enable BOS to make its assessment as to whether to approve the above mentioned proposed loan we authorise BOS to: Conduct a valuation over the Proposed Security Property/(ies), as outlined on page 4 of this application; Instruct its solicitors to prepare security documentation upon loan approval being granted; We further authorise BOS to debit the following Bank of Sydney account in payment of the Valuation Fee and/or Legal Costs including searches and Commitment Fee incurred as a result of the above even where the loan does not proceed because BOS have either declined the Loan Application, or the Loan has been withdrawn by either BOS or us after the proposed loan has been approved on a conditional or unconditional basis and or if the loan is not partially or fully drawn after 60 days of acceptance of the Loan Offer Letter: Account Name: BOS Account No: Or cheque enclosed for: BSB No: In addition, we confirm that: this Irrevocable Authority is sufficient for BOS to debit the Valuation Fee and/or Legal Costs including searches and Commitment Fee in respect of the above Proposed Security; we understand that these fees will be due and payable immediately on BOS declining the loan application for any reason or the Borrower or BOS withdraw the loan for any reason and or if the loan is not partially or fully drawn after 60 days of acceptance of Loan Offer Letter; this authority is irrevocable, and BOS is authorised by us to debit any amount associated with the Valuation Fee and/or Legal Costs including searches and Commitment Fee from the above account; and we do not require BOS to provide notice before debiting the Valuation Fee and/or Legal Costs including searches and Commitment Fee from the above account. If the account and Commitment Fee is no longer active at the time that BOS debits the amount of the Valuation Fee and/or Legal Fee including searches and Commitment Fee, we will immediately pay to BOS these amounts in accordance with this Irrevocable Authority. Name of Borrower/Accountholder Signature Date : I : I : : : Name of Borrower/Accountholder Signature Date : I : I : : : Name of Borrower/Accountholder Signature Date : I : I : : : BOS0022 (06/2014) Page 15 of 18

16 11 Periodical Payment Authority option to make Home Loan Repayments Customer ("you") of NEW AUTHORITY This form authorises Bank of Sydney Ltd ACN ("we/us") to make the following periodical payments in respect of your Loan Agreement with us dated (Loan Agreement): DETAILS OF ACCOUNT TO BE DEBITED Account Name Account Number : : : : : : : : BSB 9 : 4 : 2 - : : DETAILS OF ACCOUNT TO BE CREDITED Loan Account Name Loan Account Number : : : : : : : : BSB 9 : 4 : 2 - : : Payment Reference Amount (if left blank will be automatically adjusted to minimum monthly applicable amount) Payment Frequency: (Fortnightly, Monthly) Start Date Expiry Date or if left blank "Until Further Notice" 1. Loan Repayment 2. Loan Repayment (extra for variable loans) 3. Monthly Fees 4. * Until Further Notice means - Any period for which Bank of Sydney agrees in writing to extend the Loan Agreement. This may include an extension until loan is fully repaid. Periodical Payment Request Service Agreement This document provides information to you regarding periodical payments. By signing the Periodical Request (PPR) you acknowledge you have read and understood these terms: 1. The Periodic Payment Request (PPR) will be used to debit amounts due by you and under your Loan Agreement. 2. We will endeavour to make the periodical payments, but accept no responsibility for making them. We will not incur liability for refusing or omitting to make all or any payments or for late payments or for failing to follow your instructions. 3. If a payment falls due on a non-business day, the amount will be debited on the next business day. 4. The purpose for which the PPR is used will not be changed without giving you at least 14 days notice. 5. All information relating to your nominated account will be kept in accordance with our Privacy Policy. 6. You may not terminate the PPR without our consent. 7. You may request a stop to any individual periodical payment by giving you written notice to us at least 5 business days prior to the payment due date. 8. You may request deferment or alteration to payments under the PPR by contacting us at least 5 days prior to the payment due date. 9. You must arrange a suitable alternate payment method with us if you wish to request a stop to a periodic payment or cancel the PPR before we will agree to such a change. BOS0022 (06/2014) Page 16 of 18

17 Periodical Payment Request Service Agreement continued 10. If you consider that a periodical payment has been incorrectly made, you should contact us or your financial institution. We will determine whether the periodical payment was correct, and if not, arrange for an adjustment. 11. You must ensure there are sufficient clear funds available in the nominated account to meet each payment on its due date. You must advise us if the account nominated by you to receive the PPR is transferred or closed. 12. You must not close or alter the account being debited without our prior written consent and unless aproved alternate payment arrangements have been made. 13. We may debit your account for any bank fees or government charges that apply to periodical payments from time to time. 14. We reserve the right to increase the amount of payment under the PPR to cover any increased repayment due in respect of your loan upon the provision of at least 20 days written notice to you. Customer Declaration and Acknowledgements I / We have read and agree to be bound by the above Terms and Conditions. x Date: / /20 Customer Signature x Date: / /20 Customer Signature Note: No changes can be made to any existing Bank of Sydney account unless all relevant information on this form has been completed BANK USE ONLY - CREDIT OPERATIONS Periodical Payment: PP Order No. INPUT BY Name: Signature: Date: 1. l l 2. l l 3. l l 4. l l CHECKED BY Name: Signature: Date: 1. l l 2. l l 3. l l 4. l l BOS0022 (06/2014) Page 17 of 18

18 BANK USE ONLY - TO BE COMPLETED BY LENDING OFFICER Lending Officer - Please detach and attach as first page of the application before submitting Officer No. Branch Name Officer Name BSB 9 : 4 : 2 - : : Branch Telephone Number Applicant's NAME Branch Fax Number APPLICATION number Loan 1 Loan 2 Loan 3 Purpose Code Purpose Description Product Code Product Description Existing Loan Amount New Loan Amount Proposed Total New Loan Amount Loan Term Variable Interest Rate % % % Collateral Code & LVR (security) % % % Collateral Description Fixed Interest Rate % % % Indicative Guaranteed Indicative Guaranteed Indicative Guaranteed Repayment Options P & I Interest Only P & I Interest Only P & I Interest Only Fixed Rate Period Interest Only Period Instalment Frequency Weekly F nightly Monthly Weekly F nightly Monthly Weekly F nightly Monthly Risk Grading Code: Comments: I confirm all applicable requirements have been satisfied, and relevant support documentation is attached. Officer Signature Date Loan offer documents to be sent to: : l : l : : : Customer BOS Officer Solicitor BOS0022 (06/2014) Page 18 of 18