PVK Asset Finance Solutions
ABN: 84 668 746 862
62 Flowerbloom Crescent, Clyde North VIC 3978
Phone: 0451 197 118
Authorised Credit Representative #497732 of Australian Credit Licence #414426 (AFAS Group Pty Ltd, ABN 12 134 138 686)
Credit Guide Overview
The National Consumer Credit Protection Act 2009 states we must provide consumers with a Credit Guide and Quote as soon as practical after it becomes clear we are likely to provide credit assistance. The Credit Guide and Quote contains information on the service we provide, details of our obligations under the NCCP Act 2009 to ensure credit is not unsuitable for your circumstances, maximum fees and charges payable to us by you as the consumer, a guide to the commissions we may receive from credit providers, and details of fees that may be payable by PVK Asset Finance Solutions to third-party referrers.
Services We Provide
Our Credit Assistance services in sourcing and arranging a suitable loan include:
- Obtaining further information from, including but not limited to, employers, accountants, and credit reporting agencies;
- Investigating suitable loans and providing you with information about one or more loans that meet your objectives;
- Assessing, verifying and documenting information, ensuring the chosen loan is not unsuitable for you;
- Helping you complete the application, compiling the documents required by the credit provider and submitting the application;
- Liaising with the credit provider during the approval process and notifying you of the credit provider's decision;
- Assisting with the finalisation of the loan required.
Our Obligations to Ensure Credit is Not "Unsuitable"
To help us ascertain a credit contract is not unsuitable, we are required by law to make reasonable enquiries about your requirements, objectives, and current financial situation, and to take reasonable steps to verify that information. If at the time of assessment there is evidence suggesting you are unable to afford repayments, or the credit will cause substantial hardship or not meet your objectives, the credit will be deemed unsuitable.
Consent and Acknowledgement
By signing this document, acknowledging acceptance by submitting your enquiry, emailing your acceptance to us, e-signing this document, or responding by sending through your supporting documentation, you:
- Accept the quote provided for providing credit assistance;
- Confirm the appointment of the credit licensee to provide credit assistance and to arrange credit on your behalf;
- Authorise the Credit Licensee to perform the actions outlined in the Privacy Statement section of this document, and acknowledge that you have received a copy of the Credit Guide.
Our Quote for Providing Credit Assistance
We may charge you up to $2,500 (incl. GST) or up to 10% of NAF as an Origination Fee for our services when providing credit assistance, although this is only payable should the loan proceed. It is a one-off fee, payable at loan settlement. This fee may be paid directly to you, or as part of the loan disbursements.
Our Consumer Credit Providers
We source credit products from a range of banks, lenders and other credit providers. The table below shows the 6 lenders to whom we introduce the most business, including estimated fees that may be payable.
| Lender | App Fee | Monthly Fee | PPSR |
|---|
| Plenti | $499 | $9.90 | $6.80 |
| Pepper | $449 | $8.90 | $8.00 |
| RACV | $550 | $0.00 | $0.00 |
| Firstmac | $400 | $8.00 | $0.00 |
| AFS | $495 | $15.00 | $17.60 |
| Liberty | $495 | $7.70 | $8.00 |
Some lenders may charge a risk fee which can range between 1%–10% of the car price.
If You Have a Complaint
Internal Dispute Resolution: Within our business we follow specific procedures to resolve any complaints you may have. If you have a complaint, please contact our office via email at vijaynadadur@pvkfinance.com. We will try to resolve all concerns quickly and fairly.
External Dispute Resolution: In the unlikely event we cannot resolve your complaint in a satisfactory manner, or you have not received a response from us after 45 days, you can escalate your complaint to the Australian Financial Complaints Authority (AFCA), a free and independent dispute resolution service. Free call: 1800 931 678 | www.afca.org.au. PVK Asset Finance Solutions' membership number is 108913.
Overview — Privacy
Parthasarathy Vijaya Kumar Nadadur ('we', 'us', 'our') collects information about you for the purpose you agree to in this Privacy Disclosure Statement and Consent. When you sign below, you agree we can, consistently with Australia's privacy and credit reporting laws, collect, use and exchange credit and personal information about you for those purposes.
We collect credit and personal information about you to source consumer or commercial credit, or to support a guarantor application. If you do not provide the information sought we may be unable to process your application.
Your Information — Collection and CRB Disclosures
- We may disclose your identification information to a Credit Reporting Body (CRB) if you wish us to obtain a report on your behalf.
- We may use any information the CRB provides to assist us to preliminarily assess your consumer credit or guarantor application.
- We may disclose your personal information to an insurer or insurers to source any insurances you wish to obtain.
- We may disclose your credit information to a credit provider to apply for finance on your behalf.
Your Rights
You have the right to ask us to provide you with all the information we hold about you, to correct any incorrect information, and to obtain copies of our privacy policy. You can also request that a CRB not use your information for direct marketing assessment purposes. Contact our Privacy Officer at 62 Flowerbloom Crescent, Clyde North VIC 3978, by phone on 0451 197 118, or by email at vijaynadadur@pvkfinance.com.
Disclosure and Consent
By signing, you agree we may use your personal and credit information to assess your application, source finance and insurance, and disclose information to credit providers, insurers, and third parties as authorised or required by law. Full details of authorised disclosures are contained in the complete Privacy Disclosure Statement.
Schedule of Credit Providers
