Most of the lenders on our panel require you to submit 3 months of bank statements before they will approve you for a loan. This is also a core aspect of us meeting our own responsible lending obligations.
Some of the things your bank statements will show are your income, that you are regularly paid wages, other loan repayments and your expenses. These factors help determine that you can afford to pay back the loan.
Bankstatements.com.au is a bank integration provided by illion Open Data Solutions. illion is a trusted financial data platform used by many of Australia’s largest financial institutions.
illion takes your data security seriously, and never stores your online banking credentials.
Online bank statement transfer allows lenders to rapidly verify your income and expenses, helping them assess your loan application and get you a decision faster.
It also saves you the hassle of having to contact your bank separately.