PERSONAL LOAN
SERVICEABILITY ASSESSMENT CALCULATOR
*****DO NOT HAND THIS FORM TO THE CUSTOMER-BROKER USE ONLY***** Applicants Income Applicant 1 Applicant 2 Applicant 1 Applicant 2 Salary / Wage Salary / Wage Gross PA $ $ Gross PA $ $ 50,000 45,000 Net Monthly $ 3,199 $ 2,914
Applicant 1 Applicant 2 Applicant 1 Applicant 2 Rental Income
Self Employed Income Self Employed Income Other Income Other Income Rental 1 Rental 2 App 1 App 2
50,000 50,000
$ $ $ $
3,199 3,199 1,467 1,467
Gross PA $ 20,000 $ 20,000 Monthly
$
-
Centrelink Income
$ $
15,445
Total Net Monthly Income Insert here the applicants estimate of total monthly expenses, taking into consideration all daily living costs, including allowances for annual expenses such as vehicle insurance and registration GE Money Branch Network Calculations Living Expenses
$
-
Number of Adults (Max 2) Number of Children Total Household Monthly Rent (Entire Lease Payment) Board (Only Board Amount) Mortgage
* based on spousal arrangement (if not spousal = $710/adult)
$ $ $ $ $ $ $
Monthly -
Rent / Mortgage Where Customer Lives Available Income New Loans
(Net Income less Minimum Living Expenses) Estimated Monthly Payments Loan 1 Loan 2 Monthly Loan 1 Loan 2 Loan 3 Credit Limits Card 1 Card 2 Card 3 Card 4 Monthly Repayment 1 Repayment 2 Monthly ** Amex or Diners CHARGE cards are calculated on full balance owing
$
Existing Loans or Mortgages not listed Above Credit Cards & Store Cards
$ $ $ $ $
-
Hire Purchase
$ $ $
-
Maintenance Total Commitments
Serviceability
(Available Income / Total Commitments)
Must be > $1
$ 15,445
This Personal Loan Serviceability Assessment Calculator (calculator) is provided by GE Personal Finance Pty Ltd (GE Money) to accredited brokers as a tool which may be useful in assessing a customer’s capacity to service a GE Money Personal Loan. Any information displayed or generated by use of the calculator (simulation) does not constitute or imply approval of credit. All applications are subject to credit assessment by GE Money, who retains full and final discretion in all credit decisions. GE Money does not warrant or represent that assumptions or formulas built into the calculator or any simulation produced through use of the calculator are or will be free from errors or omissions or that a simulation will accurately predict a customer’s ability to service their loan now or in the future. To the full extent permitted by law, GE Money accepts no responsibility to any person for any loss, damage, cost or expense whatsoever (whether direct or indirect) arising out of or in any way connected with the use of or reliance upon this calculator or a simulation. This disclaimer must not be deleted.
Note, this calculations does not in anyway constitue and offer or quote Version 1.0 Dec 05 Credit provided by GE Personal Finance Pty Ltd ABN 54 008 443 810 trading as GE Money