Home Loan Credit Guide


Home Loan Credit Guide 

About Us

Connective Credit Services Pty Ltd is licensed under the National Consumer Credit Protection Act 2009.
The details of our licence are as follows:

Business Name

Connective Credit Services Pty Ltd ABN 51 143 651 496


Level 20, 567 Collins Street, Melbourne VIC 3000


1300 656 637



Australian Credit Licence Number


We have authorised Zaid Shnoudi as our credit representative. The details of Zaid’s authorisation is:

Credit Representative Name

Zaid Shnoudi


15 Tabitha Place



0401 586 901



Credit Representative Number


Customer First Charter

Our Mortgage Broker’s priority is to you, their customer. We require our Mortgage Brokers place your finance needs above those of any lender, themselves or their aggregator, Connective.

Our Mortgage Broker’s duty is to ensure you obtain a loan which is appropriate (in terms of loan amount and structure), affordable, suitable for your needs and requirements and delivered in a responsible manner which provides you with a good outcome.

Our Mortgage Brokers are required to be transparent about products and options and applicable fees and charges. They will communicate in simple to understand language and act with the highest standards of integrity. We are committed to ensuring the product selected will meet your needs and requirements at the time of providing credit assistance.


Credit Guide

This Credit Guide contains important information about us, the services we provide and the activities of the credit representative operating under our credit licence. It also contains:


  • information about fees and charges that may be payable by you to us
  • commissions that we may receive when we are acting as a credit representative
  • commissions that we may pay to third parties for the introduction of business, and
  • Information about what you should do if you have a complaint or dispute regarding our services and activities.

We are required to provide this document to you as soon as practicable after it becomes apparent that we are likely to provide credit assistance to you. We provide “credit assistance” when we:

  1. Suggest or assist you in applying for:
    1. a particular loan with a particular lender, or
    2. an increase to an existing loan with a particular lender, or
  2. Recommend that you remain in an existing loan contract.

Preliminary Assessment

Prior to providing credit assistance to you, we must assess whether the particular loan is “unsuitable”. A loan will be “unsuitable” based on the information you provide to us if:

  1. You will be unable to repay the proposed loan or will only be able to repay the proposed loan with substantial hardship, or
  2. The proposed loan does not meet your requirements and objectives.

We are required to document our findings that the proposed loan is not unsuitable by way of completing a Preliminary Assessment. The Preliminary Assessment will set out your:

  • requirements and objectives
  • financial and relevant personal situation, and
  • ability to repay the proposed loan.

We are also required to take reasonable steps to verify information provided by you to us.

This verification may include:

  • requesting you for copies of documents that demonstrate your financial situation – in some cases we may also need to sight original documents, and
  • contacting third parties to assist in verifying the information that you provide.

Obtaining a copy of the Preliminary Assessment

If we provide you with credit assistance, you may request a copy of our Preliminary Assessment anytime for up to 7 years and we must provide you with a copy of the assessment within the following timeframes:

Your request is made:

We will give you your assessment:

Before the Credit Day*

As soon as possible after we receive your request

Up to 2 years after the Credit Day

Within 7 business days after we receive your request

Between 2 to 7 years after the Credit Day

Within 21 business days after we receive your request

*The Credit Day is the date the credit contract (i.e. the loan) is settled or the loan amount is increased.

There is no charge for requesting or receiving a copy of the Preliminary Assessment.


Fees and charges that are payable by you in relation to our credit assistance

We may charge a fee for providing credit assistance to you. If applicable, details about these fees payable by you will be set out in a Credit Quote which we will give you prior to submitting your loan application.

Other fees and charges

You may have to pay other fees and charges (such as application fees, valuation costs and other applicable fees) to the lender or other parties. You should review the particular loan contract documentation for further details of any such fees and charges.


How do I get paid?

Our licensee receives commission from the lenders and then pays us commission in relation to loan contracts (such as home and investment property loans) for which we act as the credit representative in providing credit assistance to you.

An upfront commission is payable by lenders in relation to settled (drawn-down) loans and is calculated as a percentage of the loan amount. It is usually paid after settlement of the loan.

Trail commission is payable by lenders in relation to settled (drawn-down) loans. It is calculated monthly on the outstanding loan balance and is paid in arrears.

The upfront and trail commissions that we are paid by lenders are not payable by you. Details of commission to be received will be included in the Credit Proposal Disclosure document that we will provide you with when credit assistance is provided.

From time to time, I may also receive a non-commission benefit by way of training, professional development, entertainment, gift, conference attendance, sponsorship, or entry into a competition run by a lender or my aggregator, at no extra cost to you. The nature of such arrangements are temporary, and the occurrence and amounts are often not readily ascertainable, however if they are apparent as a result of assisting you with credit assistance, this will be disclosed to you.


Other people we deal with

Our aggregator

We have approval to utilise lenders and their loan products through the services of our aggregator ‘Connective Broker Services Pty Ltd ABN 77 161 731 111, Credit Representative 437202 is authorised under Australian Credit Licence 389328’. The aggregator charges us a fee depending on our contract arrangements, consisting of:

  • a share of commission that is paid by the particular lender
  • a membership fee for our business
  • a monthly fee for each of our accredited loan writers.

We have access to a panel of lenders through Connective. Macquarie Bank Limited is a 25% shareholder of Connective. We have access to products including those from Macquarie Bank Limited

Commissions paid by Connective’s lender panel are transparent and do not influence the broker or consumer choice. Connective is committed to quality consumer outcomes in all circumstances.

Referrers and referral fees

We obtain referrals from a range of sources, including accountants, financial planners, real estate agents and other people. If you were introduced or referred to us, we may pay the referrer a commission or a fee.

Details of any commission or fees being paid to the referrer will be included in the Credit Proposal Disclosure document we provide to you.


Dispute resolution and complaints

We are committed to providing you with the best possible service, however we understand there may be times where you are not satisfied. If this occurs please inform us verbally or in writing with the exact details of your complaint, so we can work towards a prompt and fair resolution.

If we are unable to reach a satisfactory resolution, you can make a complaint in writing to the Australian Credit Licence holder, Connective Credit Services. With regards to complaints resolution, we are mindful of the need to ensure that consumers are treated fairly and with respect during the complaints handling process. Any dis-satisfaction with a credit representative operating under the licence will be handled in an efficient, timely and effective manner in accordance with ASIC regulations of Internal Dispute Resolution (IDR).

Connective Credit Services details are:

Attention:  Compliance and Complaints Handling Officer

Phone:     1300 656 637

Email:       compliance@connective.com.au

Website:    www.connective.com.au

Mail:        Level 20 / 567 Collins Street, Melbourne VIC 3000

We hope that you will be satisfied with how we deal with your complaint. However, if your concerns remain unresolved, or you have not heard from us within 45 days, then you can have your complaint heard by an independent party. The complaint can be lodged with the Australian Financial Complaints Authority (AFCA):

Phone:     1800 931 678 (free call)

Email:       info@afca.org.au

Website:    www.afca.org.au

Mail:        Australian Financial Complaints Authority, GPO Box 3, Melbourne VIC 3001

Time limits may apply to complain to AFCA and so you should act promptly or otherwise consult the AFCA website to find out if or when the time limit relevant to your circumstances expires.


Things you should know

We don’t provide legal or financial planning advice. It is important you understand your legal obligations under the loan, and the financial consequences. If you have any doubts, you should obtain independent legal and financial planning advice before you enter any loan contract.


Privacy Statement

We are committed to protecting the privacy of your personal information. Our Privacy Policy governs how we collect, handle, use and disclose your personal information. It also deals with how you can access the personal information we hold about you, ask us to correct it, or make a privacy related complaint.

This policy explains how we respect your right to privacy in accordance with the Australian Privacy Principles contained in the Privacy Act (Cth).

What information do we collect and how do we use it?

We will collect personal information when we do business with you. This may include a broad range of information from your name, address and contact details to other information about your qualifications, employment history and financial information.

If you choose not to supply any of the information we request, our ability to assist you may be limited.

We will use your personal information:

  • to conduct our business
  • to manage our business relationships with you and with others, including Credit Providers
  • to complete a transaction on your behalf
  • to provide you with information about our products and services.

From time to time, we will use your contact details to send you direct marketing communications including offers, updates and newsletters that are relevant to the services we provide. We may do so by mail or electronically unless you tell us that you do not wish to receive electronic communications.

You can unsubscribe ‘opt-out’ by notifying us and we will no longer send information to you.

How do we hold and protect your information?

We strive to maintain the relevance, accuracy, completeness and currency of the personal information we hold and to protect its privacy and security. We keep personal information only for as long as is reasonably necessary for the purpose for which it was collected or to comply with any applicable legal or ethical reporting or document retention requirements.

We hold the information we collect from you on our secure database. In some cases, your file is archived and sent to an external data storage provider for a period of time. We only use storage providers who are also regulated by the Privacy Act.

We take all reasonable steps to protect your personal information from misuse, interference, loss, unauthorised access, modification or exposure. Access to your information is restricted to those employees whose job requires that information. Access to our premises and computer systems is restricted through locks, password protection, internet firewalls and routers.

We will take reasonable steps to destroy or de-identify your personal information when your personal information is no longer required for our business functions.

Will we disclose the information we collect to anyone?

We do not sell, trade or rent client lists or personal information to any third party. We will disclose personal information about you to our lenders and agents where it relates to our credit assistance.

In all cases we will only disclose that information that is strictly required, and take all reasonable steps to ensure that your personal information is handled in accordance with the Australian Privacy Principles

Otherwise, we will not disclose personal information unless you consent, we are required to do so by law or under some unusual other circumstances which the Privacy Act permits.

How can you access, update or correct the information we are holding?

You have the right to access your information. If you believe that we are holding inaccurate, incomplete, irrelevant or out of date data about you, you may ask us to correct it. You can make a request for access to or correction of your personal information by contacting us anytime.

In some limited circumstances, we may need to refuse access to your information or refuse a request for correction. If this is the case, we will advise you as soon as possible after your request and provide you with our reasons for the refusal.

What happens if you are not happy with how your information is handled?

If you have concerns about whether we have complied with the Privacy Act or this Privacy Policy and would like to make a complaint please contact us. Your complaint will be considered through our internal complaints resolution process and we will try to respond with a decision as soon as possible.

Your consent

By asking us to assist, you consent to the collection and use of the information you have provided to us for the purposes described above.

For more information on your privacy rights please visit www.privacy.gov.au.

Our lender panel

We are authorised to engage in credit activities and therefore provide assistance to obtain loans for you from a panel of lenders. The following are the lenders through which we have conducted the most business over the last 12 months.

Connective Credit Services top six lenders are as follows:

  1. 1. ANZ
  2. 2. Commonwealth Bank
  3. 3. NAB
  4. 4. Westpac
  5. 5. St George Bank
  6. 6. Macquarie Bank

As a Credit Representative of Connective Credit Services my top six lenders are as follows:

  1. 1. Firstmac
  2. 2. ME Bank
  3. 3. ANZ
  4. 4. Connective HL Essentials by Advantedge
  5. 5. La Trobe Financial
  6. 6. St George Bank

Lender data

This section provides information about the lenders I am accredited with and loans settled with these lenders in the last financial year.

The top six lenders and their respective share of loans settled in the last financial year:



% of total settlements





ME Bank




The total number of lenders I have settled loans with in the last financial year:

Number of lenders used



Panel lenders available and those whom I hold accreditation:

Lenders available

Lenders I am accredited with

Adelaide Bank



Aussie Bonds

Australian First Mortgage

Auswide Bank

Bank of China

Bank of Melbourne

Bank of Queensland

Bank SA


Better Choice Home Loans

Better Mortgage Management

Bluebay Home Loans



Collins Home Loans

Commonwealth Bank

Connective HL Essentials by Advantedge

Connective HL Solutions by Pepper

Deposit Assure

Deposit Power (Deposit Bonds)

Firefighters Mutual Bank


Gateway Bank

Health Professionals Bank

Heritage Bank

HomeStart Finance


Keystart Home Loans

La Trobe Financial

Loan Ave

Macquarie Bank

ME Bank

MKM Capital



Newcastle Permanent Building Society

P & N Bank

Paramount Mortgage Services

Pepper Money

Resimac Home Loans

St George Bank

Suncorp Bank

Teachers Mutual Bank


Virgin Money


Entertainment and hospitality register

We hold and maintain an entertainment and hospitality register. A copy can be provided on request.


Preferential service offerings and programs

I have access to tiered servicing programs through the lenders listed below. These programs give you, as my customer access to preferential services. Access to these programs is not based solely on the volume of loans submitted and does not entitle me to any additional commission outside of what I will disclose to you if a loan is submitted to one of these lenders. It should be noted that these preferential services do not provide customer discounts.

<Broker to insert lender names who tiered servicing arrangements are held with>

**WARNING If you receive additional benefits as a result of the tiered servicing arrangements you will need to disclose this to your customer**


Further Information

For more information about this Credit Guide or anything else regarding our services, please contact us at any time. We’re here to assist you and we look forward to working with you.