How does the process work?

Step 1 – Self-assess Whether Your Client Meets the Lending Criteria

The process begins with a self-assessment of whether your client meets the lending criteria and information requirements. This will ensure that you are not put in a difficult position with your clients by making an application for finance which unfortunately ends in the application being declined by the financier. Please click here for the Self-Assessment Checklist.

Step 2 – Quote Request

If you are satisfied that your client meets the lending criteria, the next step is to request a quote for the finance being sought. To do this, you complete the Finance Quotation Request (located in the Members Area).

On receipt of your quote request, we will source the most competitive rates from our range of financiers and provide you with a quote for the finance within four business hours of your request. Importantly, the quote is “no obligation”.

Step 3 – Application for Finance

If your client is satisfied with the quote and wishes to move forward, the application process begins. Your role as bookkeeper is one of compilation of the information required, which includes financial data such as financial statements and income tax returns, as well as other personal identification documents. These are outlined in the Finance Application (located in the Members Area).

The Finance Application can then be submitted directly to ABN Money via our secure file transfer facility, Bookkeeper-Client Connect. On receipt, your application will be immediately submitted to the financier for approval. At this time we will provide you with an expectation as to the time it will take the financier for approval.

Step 4 – Settlement

Once the finance has been approved, the finance documents will be supplied to you via Bookkeeper-Client Connect. The documents will need to be signed by the applicant and the signed documents can then be submitted to ABN Money via Bookkeeper-Client Connect. 

Importantly, settlement of the finance amount can take place once the documents are electronically received by us. While we will require the original signed documents to be forwarded to us by mail, this will not hold up settlement.

How do I get rewarded?

ABN Members greatly assist the finance application process by compiling key information such as financial statements, copies of tax returns and identification documents.

In recognition of this assistance, ABN Members receive a referral fee which varies depending on the amount financed. This provides an opportunity for ABN members to derive an additional income stream. Importantly, this comes out of ABN Money's profits and is not a cost borne by your client.

The referral fee payable to ABN Members is as follows: