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Privet

Privet is an education and information resource. We are not a lender, broker or adviser. If you'd like to explore funding, we can pass your enquiry to finance providers who may be able to assist. How Privet works

Resources

Term sheet comparison checklist

Items to record from each term sheet or offer you receive, so you can lay them side by side. Privet does not rank offers; this is for your own comparison.

Preparation checklist. This is not an eligibility or credit assessment and does not predict whether any lender will lend.

Download PDFInteractive checklist

Loan amount and security

  • Facility limit and net amount advanced after fees and retained interest
  • Security required: mortgages, guarantees, general security agreements
  • Valuation basis the lender will use
  • Conditions that must be met before funding

Costs

  • Interest rate and how interest is paid: monthly, capitalised or prepaid
  • Establishment, line, broker and legal fees
  • Valuation and quantity surveyor costs
  • Extension, early repayment, exit and default charges

Term and conditions

  • Loan term and extension options
  • Events of default and cure periods
  • Reporting obligations during the loan
  • Whether the lender holds an Australian Credit Licence where relevant and is an AFCA member