USER GUIDE -RATE ESTIMATE& APPLICATION

CONSUMER LOANS

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13 July 2021

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GET STARTED

Check out our Credit Policy Overview, Servicing calculator and other documents to determine if your scenario fits with Wisr.

If so, please press Start Application to obtain a free Rate Estimate.

If the Rate Estimate provided is satisfactory to your client, click through and complete & submit a loan application.

FOR YOUR SMART PART

IMPORTANT

The Rate Estimate is based on your client’s Equifax comprehensive credit score. The Rate Estimate does NOT impact your client’s current credit score.

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GET RATE ESTIMATE

Take a minute to input key details regarding your applicant. You are now ready to get your Rate Estimate.

FOR YOUR SMART PART

IMPORTANT

Please download and share our Privacy Consent Form with your client using the link provided. Please ensure you have obtained the necessary consent from your client to proceed with this Rate Estimate.

IMPORTANT

Your client’s credit score and the Rate Estimate we offer may vary subject to when the application is submitted.

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RATE ESTIMATE

PERSONAL LOANS

FOR YOUR SMART PART

Success! You have a Rate Estimate for your client based on a “soft”, Access Seeker, enquiry with a credit bureau.

1. Adjust the Loan amount as needed

2. Input the desired Broker Fee you wish to include in the Amount of Credit

3. Select the term your client prefers and click CONTINUE…

These Rate Estimate details are saved and available under the My Applications tab.

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RATE ESTIMATE

SECURED VEHICLE LOANS

FOR YOUR SMART PART

Success! You have a Rate Estimate for your client based on a “soft”, Access Seeker, enquiry with a credit bureau.

1. Adjust the Loan amount as needed

2. Input the desired Broker Fee you wish to include in the Amount of Credit

3. Use the Slide to reduce your client’s Interest Rate as needed, noting the commission also reduces

4. Select the term your client prefers and click CONTINUE…

These Rate Estimate details are saved and available under the My Applications tab.

IMPORTANT

Your client’s credit score and the Rate Estimate we offer may vary subject to when the application is submitted.

IMPORTANT

If your client has an Equifax comprehensive score below our cutoff levels, we will not be able to assist them with a Wisr loan.

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RATE ESTIMATE

OTHER OUTCOMES

FOR YOUR SMART PART

There will be times when you do not get the outcome you hoped for. The client data you have may not match the credit bureau database or “gremlins” simply get in the way and a Rate Estimate cannot be provided.

The error message should tell the story however do contact your BDM to discuss Plan B.

IMPORTANT

Applications with digital bank statements are assessed fastest. Also, do not forget to provide detailed “Loan Objectives and Requirements” plus any other file notes to assist assessment in the box provided. More is better.

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COMPLETE THE APPLICATIONNow you have a Rate Estimate, get cracking, complete and submit your client’s application.

The form begins by you selecting how you wish to distribute loan contracts and how you wish to provide bank statements to us.

FOR YOUR SMART PART

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VIEW OR RESUME YOUR APPLICATIONSTo see details about your Incomplete applications, including the Rate Estimate received, press the VIEW button.

To resume a partially completed application, press RESUME.

Details of loans Submitted, Approved, Settled and Declined can be found under the other headings.

FOR YOUR SMART PART

IMPORTANT

If you are submitting a Joint application and this is the first leg, press Submit Anyway. You will be given an option to complete another form with the partner’s details.

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CHECK SERVICING

FOR YOUR SMART PART

You have completed the application. Nice job! Now, if you press the “Submit” button and the application does not meet our servicing hurdles, you see this screen and have the opportunity to Review Application and check the data entered.

A link to our Servicing Calculator is provided in case you need to check your client has capacity.

You are able to Submit Anyway and the servicing can be discussed with our Broker Support team post submission.

IMPORTANT

If the first applicant has very low servicing capacity, you may be shown a Decline message after submission. This message will have a button to press and complete the second leg.

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JOINT APPLICATIONS

FOR YOUR SMART PART

Wisr welcomes Joint applications. We set the interest rate based on the stronger credit score of the two applicants. We suggest complete a Rate Estimate for each person to start.

To make a Joint Application complete the first applicant’s details and Submit.

Then use the button shown on the Completed Application page (see left) where you can select Add Joint Applicant to this application. Complete the application details for Applicant #2 and Submit.

IMPORTANT

Applications with digital bank statements are assessed fastest. Also, do not forget to provide detailed “Loan Objectives and Requirements” plus any other file notes to assist assessment in the box provided. More is better.

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UPLOADING DOCUMENTS

Once you have submitted your client’s application you will be presented a button on the Complete Application page that has a button that allows you to Upload Documents.

This is the preferred method of providing documents, though email to contact@wisr.com.au can also be used.

If you have additional documents to upload at a later time….see next slide.

FOR YOUR SMART PART

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If you have already submitted an application and now need to either upload more supporting documents or need to add a partner’s application to make a Joint loan, simply choose the loan from your Submitted Apps log and use the Update Button.

POST-SUBMISSION

UPLOADING DOCS & JOINTS

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Applicants applying alone who are Married or De Facto and have had their application declined due to servicing will be shown a button allowing a joint application to be made with an income-earning partner. Selecting ‘ADD A JOINT APPLICANT’ will begin the second leg of the joint application.

FOR YOUR SMART PART

DECLINE

MARRIED OR DE FACTO APPLICANT

ABN 80 004 661 2051300 992 007

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Level 4, 55 Harrington St,The Rocks, NSW 2000