Credit Guide

‘Lendi’ is the trading name of Lendi Pty Ltd (ACN 611 161 856, Credit Representative 518849), a related body corporate of Auscred Services Pty Ltd (Auscred Services), which holds Australian Credit Licence 442372.

Lendi and Auscred Services are subsidiaries and related bodies corporate of Auscred Pty Ltd (ACN 162 394 881) and part of the Auscred Group. Lendi and employees of Auscred Pty Ltd are authorised to act on behalf of Auscred Services in providing you credit services.

Auscred Pty Ltd also has a joint venture with Domain Holdings Australia Ltd powered by Lendi’s platform, called Digital Home Loans Pty Ltd (ACN 619 694 156) trading as Domain Home Loans, which is authorised as a credit representative under Auscred Services’ Australian Credit Licence.

Our mission is to provide Aussies with the right experience when choosing a home loan from our panel of major and non-bank lenders.

In this document, ‘Lendi’, ‘we’, ‘us’ and ‘our’ are references to Lendi, Auscred Services, employees of Auscred Pty Ltd and any Auscred Group related bodies corporate.

This Credit Guide sets out important information about the licence holder, the credit representative and the services we provide.

Credit Licence Holder

Auscred Services Pty Ltd (ACN 164 638 171)


Grosvenor Place, Level 28, 225 George Street, Sydney, NSW 2000


1300 323 181


Australian Credit Licence No.


Licensee External Dispute Resolution (EDR) Scheme Name

Australian Financial Complaints Authority (AFCA)

Licensee EDR Membership No.


Credit Representative

Lendi Pty Ltd (ACN 611 161 856)


Grosvenor Place, Level 28, 225 George Street, Sydney, NSW 2000


1300 323 181


Credit Representative No.


Credit Representative EDR Scheme Name


Credit Representative EDR Membership No.


What is Credit Assistance?

Auscred Services is licensed to provide credit assistance to you under the National Consumer Credit Protection Act 2009. We are required to provide this Credit Guide 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 to apply for a particular credit contract with a credit provider; or

2.   suggest or assist you to apply for an increase to an existing credit contract with a credit provider; or

3.   suggest you remain in a particular credit contract with a credit provider.

Preliminary Assessment

What we will need from you

When we provide you with credit assistance, we are legally required to only recommend credit products that are not unsuitable for you. Lendi strives to achieve better customer outcomes and suitable products and services.

To enable us to review which loan products might be suitable for you, we are required to complete a Preliminary Assessment.  When we make this preliminary assessment, we will ask you about your requirements and objectives, your financial and personal situation and your ability to repay the loan that you are considering. In assessing these factors, we are also required to take reasonable steps to verify some of the information you provide us. This verification may include asking 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 your Preliminary Assessment

You may request a copy of our Preliminary Assessment and we must give you a copy of it within:

  1. seven (7) days, if the request is made within two (2) years of providing credit assistance; or

  2. twenty-one (21) days, if the request is made between two (2) and seven (7) years of the providing credit assistance.

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

How do we and our Representatives get paid?

Lendi is paid commissions by lenders for introducing customers. The lenders we deal with will usually pay us a commission based on the size of loan and the particular loan product you have selected. We will only be paid this commission if your loan is settled and drawn down. We are also paid an ongoing commission by your lender based on the outstanding balance of your loan. The licensee is not paid any commissions from lenders.

The commissions that we are paid by your lender are not payable by you (they are paid to Lendi either directly by the lender or by our Aggregator) and do not alter your interest rate.

At this stage, the amount of fees payable are unascertainable. As part of the application process, we will provide you with a Credit Proposal Disclosure Document which will include an estimate of the commissions we are likely to receive from the Lender if you decide to proceed with the application and the loan settles, and details of how that commission is calculated. You can also request this information from us.

Home Loan Specialists employed by Auscred Pty Ltd acting on behalf of the licensee receive a salary from the Auscred group and may receive additional performance incentives depending on a number of metrics including successful loan applications, customer satisfaction, and other quality metrics.

Non-monetary remuneration or benefits

Home Loan Specialists may also receive non-monetary benefits, which may include access to tiered servicing programs, conferences, courses, competitions, entertainment benefits, and other forms of hospitality.

Our Home Loan Specialists have access to training and educational courses or seminars run by lenders, aggregators, and third parties, which are intended to assist our staff in understanding lender products. They may also be members of lender tiered servicing programs which can enable them to receive improved service and other benefits. The value of these benefits is usually unascertainable. Where any training or educational courses are organised by Auscred Services, we ensure that access is available to all our Home Loan Specialists.

All our conferences and professional development events are held at suitable locations, are primarily educationally focussed, and are aimed at improving consumer outcomes. The ability to attend conferences and access additional educational opportunities is not based on loan volumes written by a broker.

We do not accept entertainment or hospitality benefits above $350 per person per event. We maintain a register of soft-dollar benefits above $100 that we may receive from lenders or aggregators. If you would like to view a copy of this register, please contact us at

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

 We do not charge you a fee for our credit assistance.

Our Top 6 credit providers

We source credit products from a range of banks, lenders and other credit providers. We currently have 41 lenders available to customers and, in the last financial year (to 30 June 2021), we submitted loans to 39 lenders. In the last financial year, our top 6 lenders based on the number of loans submitted were Westpac (18.23%), Bankwest (15.36%), Macquarie (14.39%), HSBC (13.55%), ING (8.28%) and ANZ (6.96%).

Other people we deal with

Our Aggregator

We gain access to the loan products we recommend to you through the services of our Aggregator, Connective Broker Services Pty Ltd (ACN 161 731 111). In order to gain access to their panel of lenders, our aggregator charges us an annual fee as well as a monthly fee for each of our brokers.

We also have access to the loan products we may recommend to you by way of direct agreements with some lenders.

Referrers and Referral fees

In some cases, your business may have been referred to us by non-regulated third parties such as real estate agents, accountants, financial planners etc. Where this is the case and a referral fee may be paid by Lendi to these parties, the fee will be disclosed to you in the Credit Proposal Disclosure Document. You can also ask us for a reasonable estimate of these fees and how we worked it out.

Dispute resolution and complaints

While we always strive to provide the best possible service, we understand there may be times where you are not satisfied. If this occurs and you wish us to do something about it, we have a formal process in place to address your concerns.

Internal Dispute Resolution

If you do have a complaint, please contact us at or by using the phone number or postal address at the start of this document. Please try to explain the details of your complaint as clearly as you can and include as much relevant information or supporting documents as possible.

When we receive a complaint, we will aim to acknowledge it within five (5) business days and try to resolve it as soon as we can (usually within 30 days). Where we are unable to provide a final response to your complaint within 30 days, we will send you an email or letter advising of the reasons for any delay, and your right to complain to our External Dispute Resolution (EDR) scheme.

External Dispute Resolution

If you are not satisfied with our response or how we have handled your complaint, you may make a formal complaint to our EDR scheme, the Australian Financial Complaints Authority (AFCA), which can be contacted on:

T:         1800 931 678 (free call)



P:         Australian Financial Complaints Authority

             GPO BOX 3

             MELBOURNE VIC 3001

Time limits may apply to complain to AFCA, 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 make any promises about the value of any property you finance with us or its future prospects. You should always rely on your own enquiries. We don’t provide legal or financial 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 advice before you enter any loan contract.


We are committed to protecting your privacy. We use the information you provide to assist you with your credit needs. We do not trade, rent or sell your information. If you don’t provide us with full information, we can’t properly advise or assist you. You can check the information we hold about you at any time. For more information please see our Privacy Policy which can be found on our website ( or ask us for a copy. For more information on your privacy rights, please visit


If you have any questions about this Credit Guide or anything else, just ask as we are here to help you.

Important legal stuff
Lendi is the trading name of Lendi Pty Ltd (ACN 611 161 856), a related body corporate of Auscred Services Pty Ltd (ACN 164 638 171, Australian Credit Licence 442372). We will never sell your email address to any third party or send you nasty spam, promise.
# Quoted rate applies only to PAYG loans with LVR of 80% or less with security in non-remote areas. All applications are subject to assessment and lender approval.
Lendi is a privately owned and operated Australian business. Our mission is to change the way Australians get home loans by providing a faster, smarter and more secure home loan experience designed around the customer’s convenience and needs. Although Lendi compares over 1600 products (2,500+ products including feature and pricing variations) from more than 25 lenders, we don't cover the whole market or compare all features and there may be other features or options available to you. Lendi Group Pty Ltd, which is the ultimate holding company of the Aussie and Lendi businesses is owned by numerous shareholders including; banks such as CBA, 1835i (ANZ’s external venture capital partner) and Macquarie Bank, the Lendi founders and employees, and a number of Australian institutional investors and sophisticated investors including UniSuper.
*WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The comparison rates are based on a loan amount of $150,000 over a loan term of 25 years. Fees and charges apply. All applications are subject to assessment and lender approval. Quoted rate applies only to PAYG loans with LVR of 80% or less with security in non-remote areas. All applications are subject to assessment and lender approval.
IMPORTANT INFORMATION: Loan terms of between 1 Year and 40 Years are available subject to lender and credit criteria. Maximum comparison rate will not exceed 14.99% (see comparison rate warning above). Any calculations or estimated savings do not constitute an offer of credit or a credit quote and are only an estimate of what you may be able to achieve based on the accuracy of the information provided. It doesn't take into account any product features or any applicable fees. Our lending criteria and the basis upon which we assess what you can afford may change at any time without notice. Savings shown are based on user inputted data and a loan term of 30 years. All applications for credit are subject to lender credit approval criteria. Top rates include lenders who are on our panel and are then defined by the circumstances provided by the borrower.
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