Navigation

About this document

This target market determination (TMD) seeks to offer consumers, authorized credit representatives and staff with an understanding of the class of consumers for which these credit products have been designed, having regard to the objectives, financial situation and needs of the target market.

The TMD will also describe how these products will be distributed, when this document will be reviewed and what information is required to be provided to help maintain the accuracy of this document.

These products are issued by Get Cash Loan Pty Ltd Trading As Flexi Plus Finance. More information about these products can be found on the Flexi Plus Finance website (flexiplusfinance.com.au). Consumers should consider whether a product is appropriate for them before making any decision about whether to apply for or enter into the product.

This document is not a product disclosure statement and is not to be treated as a full summary of the product’s terms and conditions. It has been prepared without taking into account any person’s particular objectives, financial situation or needs and is not intended to provide financial advice. Consumers should consider the product’s full terms and conditions when making a decision about this product.

Flexi Plus Finance Loan Products

This section outlines the loan products available from Flexi Plus Finance, who the loan product is designed for and who the loan product would not be suitable for.

Small Amount Credit Contract/Personal Loan

Who this product is designed for

This loan product been designed for customers who:

  • require a loan for an amount between $300 and $2,000 (or, where the initial request is for a higher amount, are willing to accept a loan between those amounts) for a specified purpose;
  • are seeking a loan that is repayable over a fixed term of between 16 days and 12 months, with the scheduled term to be agreed in the credit contract;
  • do not want a revolving or continuing line of credit or a long term credit contract that is repayable over a number of years;
  • have a regular income and reside in Australia;
  • require the loan proceeds to be promptly disbursed either in cash, for loans taken out in branch, or to their ominated bank account for loans taken out in branch or online;
  • are willing to apply at one of our branches or online and provide Flexi Plus Finance with access to their bank transaction history, credit history and any other financial documentation we may require to help us assess their application

Who this product is not suitable for

This loan product is not suitable for customers who:

  • are unable to access one of our branches or the internet;
  • require a loan for an amount less than $300 or more than $2,000;
    are seeking an ongoing credit limit that may be drawn down as required
    from time to time;
  • are unlikely to be able to meet their payment obligations under the
    loan either at all or only with substantial hardship;
  • are unemployed or not residing in Australia;
  • have their finances administered by the Public Trust or another Trustee;
  • do not want to pay the establishment fee or other fees and charges arising
    under the credit contract;
  • require a longer term loan that can be repaid over a number of years;
  • are unable to read and or understand the contract, it’s terms & conditions;
  • are under 18 years of age

NB. Quoted loan amounts are the amount the client could expect to receive in cash or have
electronically transferred to their Bank Account, these amounts do not include any
establishment fees or other fees and charges that may arise under the credit contract.

 

Medium Amount Cred Contract / Personal Loan

Who this product is designed for

This loan product has been designed for customers who: 

  • require a loan for an amount between $2,001 and $4,600 for a specified
    purpose;
  • are seeking a loan that is repayable over a fixed term of between 16
    days and 2 years, with the scheduled term to be agreed in the credit
    contract;
  • can provide security of an unencumbered, registered motor vehicle, if
    required;
  • do not want a revolving or continuing line of credit or a long term credit
    contract that is repayable over more than 2 years;
  • have a regular income and reside in Australia;
  • require the loan proceeds to be promptly disbursed either in cash, for loans
    taken out in branch, or to their nominated bank account for loans taken out
    in branch or online;
  • are willing to apply at one of our branches or online and provide Flexi Plus
    Finance with access to their bank transaction history, credit history and
    any other financial documentation we may require to help us assess their
    application.

Who this product is not suitable for

This loan product is not suitable for customers who:

  • require a loan for an amount less than $2,001 or more than $4,600;
  • are seeking an ongoing credit limit that may be drawn down as required
    from time to time;
  • are unlikely to be able to meet their payment obligations under the
    loan either at all or only with substantial hardship;
  • are unemployed or not residing in Australia;
  • have their finances administered by the Public Trust or another Trustee;
  • do not want to pay the establishment fee or other fees and charges arising
    under the credit contract;
  • require a longer term loan that can be repaid over a number of years;
  • are unable to read and or understand the contract, it’s terms & conditions;
  • are under 18 years of age.


NB. Quoted loan amounts are the amount the client could expect to have electronically
transferred to the nominated Bank Account of the vehicle’s seller, they do not include any
establishment fees or other fees and charges that may arise under the credit contract.

Auto / Personal loan.

Who this product is designed for

This loan product has been designed for customers who:

  • require a secured loan for an amount between $4,600 and $30,000 for the specific purpose of purchasing a registered vehicle;
  • are seeking to purchase a vehicle from a licenced dealer, with no encumbrances;
  • are seeking a loan that is repayable over a fixed term of between 6 months and 7 years, with the scheduled term to be agreed in the credit contract;
  • do not want a revolving or continuing line of credit or a long term credit contract;
  • have a regular income and reside in Australia;
  • require the loan proceeds to be promptly disbursed to the nominated bank account of the seller;
  • are willing to apply at one of our branches or online and provide Flexi Plus Finance with access to their bank transaction history, credit history and any other financial documentation we may require to help us assess their application.

Who this product is not suitable for
This loan product is not suitable for customers who:

  • require a loan for an amount less than $4,600 or more than $30,000;
  • require a loan on an unsecured basis;
  • are seeking to purchase a vehicle that is not from a licenced dealer, or is encumbered;
  • are seeking an ongoing credit limit that may be drawn down as required from time to time;
  • are unlikely to be able to meet their payment obligations under the loan either at all or only with substantial hardship;
  • are unemployed or not residing in Australia;
  • have their finances administered by the Public Trust or another Trustee;
  • do not want to pay the establishment fee or other fees and charges arising under the credit contract;
  • are unable to read and or understand the contract, it’s terms & conditions;
  • are under 18 years of age.


NB. Quoted loan amounts are the amount the client could expect to have electronically
transferred to the nominated Bank Account of the vehicle’s seller, they do not include any
establishment fees or other fees and charges that may arise under the credit contract.

Distribution conditions

An application for a Flexi Plus Finance loan product can only be made at one of our branches or via the Flexi Plus Finance website (flexiplusfinance.com.au), with support provided by employees in Flexi Plus Finance branches or by phone and email where required. Flexi Plus Finance employees can only provide assistance in relation to an application for a Flexi Plus Finance loan product if they have received adequate training and they must follow the Flexi Plus Finance applicable policies and processes.

Our application / assessment process is designed to determine if the applicant is within the target market for the particular loan product requested. The information provided by the applicant during the application process will be used to determine if we will offer to provide a loan to the customer and, if so, for what range in amount and loan term. The customer should always answer any questions we ask accurately and check with Flexi Plus Finance if they are not sure what a question means.

These conditions make it likely that Flexi Plus Finance loan products will only be offered to customers within the target market for the particular loan product because Flexi Plus Finance’s employees have knowledge of the product terms and conditions and Flexi Plus Finance’s processes are designed to identify instances where a loan product is not suitable for the applicant.

Reviewing this document

Flexi Plus Finance, as the issuer and distributor of these products, collects information and prepares reports regarding loan volumes, average loan amounts, default rates, complaints and any occasions where these products have been provided contrary to the TMD on an at least a quarterly basis to help improve our products and services.

We will review this TMD if:

  • there is a material change to the design or distribution of a product,
    including the terms and conditions applicable to the product or other
    related documentation;
  • we introduce other ways in which these products can be provided or
    distributed;
  • we receive a significant number of complaints regarding the design or
    distribution of a product;
  • there is an external event such as adverse media coverage or regulatory
    attention;
  • the business performance and value provided by these products
    indicate that the TMD is no longer appropriate, having regard to
    appropriate data such as customer demand for the products, loan
    volumes, application approval rates, customer defaults or loss rates and
    the nature and number of customer complaints;
  • we identify that there has been a significant dealing in these products
    that is not consistent with the TMD.

Our review will occur within 10 business days of any of the above events occurring.


In any event, a review of this TMD will be completed no later than two years from the publication date of this TMD and subsequently at two-year intervals.


The table below is a record of changes made to this document. The table will be updated when changes are made. Each updated version of this document will replace the earlier version.

Version Description Date Approved Date Effective
1 Original 01/10/21 01/10/21

Questions?

If you have any questions about our credit products or this TMD, please contact
us on 07 3202 1119 or by email at info@flexiplusfinance.com.au

Issuer

Get Cash Loans Pty Ltd Trading As Flexi Plus Finance

ABN 18 155 087 317
Australian Credit Licence 427979