Our vision is that Lending Hub will change the way Australian financial insitutions do business with consumers and that the lending industry in Australia will become more transparent and open.
As part of our vision we provide you with a sample of all our legal agreements prior to you signing electronically. As part of creating a secure and efficient marketplace Lending Hub requires its members to agree to certain legal agreements to enable processing and establishment of loans between various individual members.
Below is a list of the most current legal agreements (or a sample of the agreement where relevant):
- Credit Checking and Identity Verification Agreement
- Direct Debit Agreement
- Borrower and Loan Agreement
- Lender Agreement
- Sample of a Loan Summary (details of a loan)
If you intend to lend or borrow on Lending Hub you should read each of the above documents thoroughly and seek independent professional advice prior to completing either a Borrowing Application or a Lending Application. Each of the above agreements is a legally binding agreement between the relevant parties.