This guide provides clear instructions for completing a Product Comparison form, enabling brokers to effectively present different loan scenarios to their clients, ensuring informed decisions.
1. Purpose of the Product Comparison Form
The Product Comparison Form helps brokers:
Clearly present multiple loan options.
Assist clients in comparing product features, rates, and fees.
Fulfill compliance requirements by transparently documenting comparisons.
2. Broker and Credit Representative Information
Include the following mandatory details:
Credit Licensee (Oxcel Pty Ltd)
Business Name: Oxcel Pty Ltd
Australian Credit Licence Number: 547719
Contact: [email protected] | 1800 010 001
Address: 1305/401 Docklands Drive, Docklands, Melbourne VIC 3008
Credit Representative
Business Name
Full Name
Credit Representative Number
Contact Email
Phone Number
Business Address
ABN
3. Completing the Loan Scenarios
Clearly detail and compare at least three different loan scenarios including:
Lender Name
Total Loan Amount
Specific Loan Amount
Product Name
Initial Interest Rate
Monthly Repayment Amount
Ongoing Fees
Availability of Offset Account (Yes/No)
Maximum Upfront Commission
Maximum Monthly Trail Commission
Clearly indicate the preferred scenario for the client.
4. Client Information
Ensure the following client details are accurately recorded:
Full Name
Email Address
Phone Number
Residential Address
5. Documentation and Compliance
Issue date the Product Comparison form clearly.
Keep a signed copy of the completed Product Comparison Form as part of your client files.
Ensure accurate documentation to comply with regulatory standards and Oxcel Pty Ltd compliance policies.
Need Further Assistance?
For more support, templates, or compliance guidance:
📧 Email: [email protected]
📞 Phone: 1800 010 001
🌐 Oxcel Member Compliance Portal
Following this structured approach ensures comprehensive product comparisons, compliance with regulations, and enhanced client transparency.