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Trust CenterVerifying Your Income & Expenses

Verifying Your Income & Expenses

Providing Your Bank Statements

We need your most recent bank statements so that our platform can confirm your current income and expenses.

Providing this information helps us to assess whether you are eligible for a loan from the available providers.

Don't worry if you think your bank statements aren't so flash. Our platform assesses thousands of bank statements each month and we are able to assist different types of customers.

How do I provide you with my bank statements?

You can provide your bank statements when you apply for a loan on our website or submit them later using your application dashboard. Either way, it only takes a few seconds.

We use a secure service from illion Open Data Solutions that provides us with a one-time, read-only copy of your bank statements for the past 90 days.

The copy we receive is digital, which enables our platform to instantly assess your income and expenses, eliminating human error and resulting in a faster lending decision.

We do not accept manually provided PDF statements.

Is it secure?

Yes, very. The service provided by illion Open Data Solutions offers a one-time retrieval of your bank statements, and it only happens with your authorisation.

Your login credentials are never seen and never stored. All data sent to our server is encrypted with 256-bit encryption and secured by 2048-bit keys, the same kind of security banks use to protect data.

Our Privacy Policy gives you the right to ask for a copy of any personal information we hold about you, including the bank statement data we receive. So, if you would like to see what information we receive as part of this service, let us know, and we will be happy to share it with you.

How do I access my application dashboard and complete this task?

To access your application dashboard, click on the secure link in the e-mail or SMS you received from us. The sooner we receive your bank statements, the sooner we will be able to assess your application. Let's go!

What if I don't want to use this service?

We will not be able to confirm your current income and expenses, and you will not be able to proceed with your loan application.

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  • Disclosure Statement

¹If you sign your loan contracts before 3:00 pm on a weekday, you will receive the funds on the same day. While bank processing times differ, funds usually show up in your account by early evening.

²Annual Interest Rate (AIR) and Annual Percentage Rate (APR): Unsecured interest rates range from 13.90% p.a. to 23.90% p.a.

³Minimum and Maximum Repayment Terms: Repayment terms range from 1 year to 5 years.

⁴Fees: Where Lending People is the creditor, we charge a $174 establishment fee. Lending People does not charge a monthly fee or early repayment fee. Where another provider is the creditor, provider-specific establishment fees, monthly fees, and early repayment fees may apply.

⁵Terms and Conditions: Our services are provided in accordance with our Application Terms & Conditions. All approvals are subject to credit criteria and responsible lending requirements. The loan amount and interest rate offered will depend on your circumstances, the type of lending required, and the security (if any) provided. Fees, terms, and conditions apply.

Representative Example of the Total Cost of a Loan: If you borrow $10,000 over a repayment term of 36 months at an AIR of 14.95% p.a., your total repayments will be $12,631.60 (made up of $10,000 principal, a $174 establishment fee, and interest charges of $2,457.60). This example is based on amortised scheduled weekly repayments with a fixed interest rate for the term of the loan.

© The Lending People Limited Trading as Lending People (FSP240365) holds a license issued by the Financial Markets Authority (FMA) to provide financial advice services. Click here to view our Disclosure Statement.