✅ Declaration Section
🔹 Step 1: Tick the Agreement Checkbox
📍 Go to the top of the Declaration section.
☑️ Click the “I agree to the below terms” checkbox.
🔒 This unlocks the submission process.
🔹 Step 2: Select the Purpose of the Application
📍 Under “Please specify the purpose of the application”
▶️ Click the dropdown field.
📝 Choose one of the following:
Purchase the asset
Purchase the asset plus finance insurances
Refinance loan on the asset
Refinance loan plus finance insurances
🔹 Step 3: Answer "Why does this loan term suit your requirement?"
📍 Click on the Loan term suit dropdown.
▶️ Select the applicant’s reason (based on your convo or notes), like:
Want the maximum term with lowest repayment
Want to match loan with budget
Plan to sell or trade at the end
Want to pay it off quickly
🔹 Step 4: Select "What are you looking for in your loan?"
📍 Click on the LoanDetail dropdown.
▶️ Choose what features matter most to the customer:
Competitive interest rate
Service
Additional repayments
Broker recommendation
A balloon repayment
🔹 Step 5: Foreseeable changes to personal circumstances?
📍 Click the Loan repayment detail dropdown.
▶️ If the customer expects any changes, choose from:
Job loss, large expenses, illness, etc.
▶️ If no changes, just select “No”.
🔹 Step 6: How will they manage repayments if there is a change?
🗒️ If a change was selected above, a textbox will appear.
🖊️ Enter the customer’s plan to continue making repayments.
💡 Example: "Will rely on savings or partner income."
🔹 Step 7: Confirm Loan Understanding
There are two Yes/No questions:
☑️ "Are you aware that financing insurances increases the loan cost?"
☑️ "Do you acknowledge the balloon payment at end of the loan?"
➡️ Select Yes or No for both — based on what’s been explained to the applicant.
🔹 Step 8: Balloon Payment Plan
📍 Final dropdown: "What do you intend to do at the end of the loan term with the balloon payment?"
▶️ Click on the dropdown box and choose from:
Payout
Refinance the loan
Sell the asset
Trade in for a new vehicle
(Refer to video below)