Applications & Valuations

Basic Application Requirements

MKM Capital requires the following documents to allow a considered decision to be made:

Fully completed Application Form signed by applicants
100 Point Identification Check for all parties to the proposed facility
Valuation (if completed)
Privacy Act – Consent and Acknowledgement
Consumer Credit Code Declaration
Accountant’s Declaration
Payment of the Commitment Fee
Your Business Development Manager will provide you with an Application Checklist to confirm the documentation required in full prior to settlement. In addition to the above requirements, the MKM Capital Credit Committee may at its discretion request any additional information necessary to allow a sound commercial decision to be made.

Please note; the original documents mentioned above are required by MKM Capital prior to settlement.

Valuations

Prior to funding, MKM Capital will order a full Valuation report on the subject property. Upon receipt MKM Capital may require amendments to the loan proposal.

Credit Impaired Applicants

Prior to funding, a Credit Check will be undertaken on each applicant upon receipt of the completed and signed ‘Privacy Act – Consent & Acknowledgment’ form. Credit Impaired applicants will be considered on a case by case basis.

Items taken into account will be the amount of the default, when the default occurred, payment of default, the reason for the default and possibly other factors deemed necessary by the Credit Committee.

Satisfactory explanations must be provided in support of the application.