Assessment – Credit Summary tab

The Credit Summary provides a high-level overview of an applicant’s loan application and financial position. It consolidates key information into a single view for a quick assessment by the business.

Image of the applicants tab

1. Overview

The Credit Summary provides a high-level overview of an applicant’s loan application and financial position. It consolidates key information into a single view for quick assessment by the business.

Sections Included:

  • Summary Overview: Shows loan details (amount, term, product, purpose) alongside the applicant’s financial metrics such as total income, expenses, debts, and ratios like Debt Service Ratio (DSR) and Loan-to-Value Ratio (LVR).
  • Customer: Displays personal details of the applicant including name, residency status, age, and credit bureau score.
  • Security: Summarises the repayment type, interest rate type, and details of any collateral or security provided.
  • Funds Position: Breaks down the funds required for the loan, including property value, deposits, and total funds available.