Important information

Please be aware of the following;

Effective Immediately Tuesday 6th March 2012 Credit License Cancellation Lodged By Us With ASIC

Ability Finance have elected to cease all credit activities covered by ASIC credit licensing for various reasons including but not limited to;

  1. Lender commission cuts over the past few years.
  2. Additional liability, workload and costs arising from National Credit Licensing
  3. Lender minimum volume restrictions which result in smaller brokers not being able to offer all options to customers.
  4. Regularly encountered inexperienced lender staff who are unaware of their own employers policies whose advice wastes both broker and customers time and resources.
  • As a blog style website there is only historical content contained within this website that is out of date and no longer applicable. This content must only be used for historical reference purposes.
  • Ability Finance, through choice, no longer represent any lenders who may be historically referred to within this website.
  • No information or content contained on this site should be relied on as being current.
  • No content contained within this site should be taken as advice in any way at all.

Should you feel there is any content that should be removed from this site please contact the webmaster.
By any chance you feel specific content is interpreted as offering any credit activities by us it is to be ignored, please report to the webmaster for removal or modification.
If you are legally entitled to engage in credit activities and would like to advertise on this site please contact the webmaster.
If you would like a website developed or even to purchase this site modified to your requirements please contact the webmaster.
Meanwhile we are working hard at creating a one stop shop for purchasing high quality spray painting equipment online including an extensive range of the best spray gun models we are able to offer at discounted prices everyday right across the complete range of available spray gun models. Online spray gun prices with old fashioned personal service levels.

Minimum Application Supporting Documents Guide

Minimum Finance Application Supporting Documents Guide

Vehicle Finance

 
Supporting Documents
salary/wages income
self employed income
Latest pay slip
YES
N/A
Latest tax return
N/A
YES
Drivers license
YES
YES
Proof of residence
YES
YES
Details of assets and liabilities.
YES
YES
Applicants Identity Verification YES YES
 
Business Finance
 
Supporting Documents
 
The business' financial statements for the last 3 years
YES
Details of the market value of the assets and liabilities of the business.
YES
Business information: Vendors Statement if purchasing; Constitution or Trust Deed for existing businesses.
YES
Last three years personal tax returns for all Directors or Partners.
YES
Rates notice on any property to be offered as security.
YES
A projected Cash Flow Statement for the next 12 months or longer if available.
YES
Business Plan if available.
YES
Applicants Identity Verification YES
 
Equipment Finance
 
Supporting Documents
 
Last 2 financial statements and personal tax returns.
YES
Business Plan and Cash Flow Statement if available.
YES
Details on the equipment being purchased (e.g. invoice, quote).
YES
Details of Assets and Liabilities.
YES
Driver’s license.
YES
Council rates notice.
YES
Applicants Identity Verification YES
 
Property Loan
 
Supporting Documents
salary/wages income
self employed income
Latest 3 pay slips from employees; or
Latest 3 pay slips and latest tax return.
YES
N/A
Last 2 financial statements; and
Last 2 personal tax returns.
N/A
YES
Last 6 months bank statements to show savings history.
YES
YES
Property description if available.
YES
YES
Evidence of other income; (e.g. overtime, bonuses, second job, rental income, dividends, etc).
YES
YES
Details of your assets and liabilities.
YES
YES
Applicants Identity Verification
YES
YES

 

 


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