OurMoneyMarket

Hi Lynda,

Thanks for reaching out.

Loans will be approved based on an assessment made by our credit team, who will set out the terms of the contract. If a security/collateral is listed, once a loan is paid out, we have no further interest in said vehicle and would remove our encumbrance listed on the PPSR accordingly.

Confirming that our payout letters do state that the encumbrance will be removed upon receipt of cleared funds.

Thank you,
Alex - OMM

Hi Milad

Thank you for reaching out.

We choose to use electronically generated statements as it is a fast, easy and inexpensive solution for income verification that allows us to pass on those savings onto our customers. Illion Bank Statements is used by most brokers and online lenders as a secure way to verify income.

Some important facts about Proviso (Illion Bank Statements) are:
-The service has been vetted by world-class security experts to the highest level of data protection & security
-No one ever sees your personal bank details, these details are shared directly with your bank
-The service has been encrypted with bank-level, 256-bit encryption
-Some other reputable companies as ING Bank, NAB, Bankwest & Beyond Bank all use the platform

If you are wanting more information, a quick Google search will help put your mind at ease regarding Illion Bank Statements.

https://www.bankstatements.com.au/
https://www.illion.com.au/

Let me know if you have any other questions.

Hope this helps
Stefan

Hi Milad

Thanks for coming back to us. I understand your apprehension around our automated process. Just to clarify a few points for you:

-OMM does not handle any information or credentials. The bank statement interface is handled by Illion (https://www.illion.com.au/), who are partly owned by Macquarie Bank and are one of Australia's largest credit bureaus. OMM just receives the bank statements. The Illion service is used by most brokers, including credit providers such as Zip, Plenti, Beyond Bank and more.
-I've included a link to the Illion Bank Statement page if you would like to learn more (https://www.bankstatements.com.au/)
-OMM owns the .com.au domain. If you enter ourmoneymarket.com.au, you will find it redirects to ourmoneymarket.com, as we hold both domains
-OMM is based in Adelaide, Sydney and Melbourne
-We choose Illion because we feel it provides the best service of its kind in the market and applies bank-level encryption, enabling us to reduce turnaround times, reduce manual processing and paperwork and pass on these savings in the form of better rates.

Once again we understand and appreciate your apprehension around this process. I hope the links above provide some additional information around the service, and if you elect not to progress with OMM, we hope you obtain the best possible deal available.

Regards
Stefan

Hi there,

Thanks for your enquiry. If you can reach out to us by email to info@ourmoneymarket.com, we'll see how we can best assist with your loan enquiry.

Thank you,
Alex