Product: Prospa Business Loan Tier 3
Type: business
Max LVR: -%
Amount Range: $0 - No limit
Max Term: 60 months
Rate: 9.99% - 12.99%
Contact: | partners@prospa.com
Purpose: refinance
Property Type: residential
LVR: -%
Amount: $1,290,000
Term: - months
Property Value: $0
Address: 7/7 Arcadia Road, 8/7 Arcadia Road, 9/7 Arcadia Road, Epsom, Auckland
| Filter | Result | Client Value | Lender Requirement | Note |
|---|---|---|---|---|
| Loan Type | Fail | refinance (residential) | business | Client: refinance (residential property), Product: business -> mismatch |
| LVR Limit | Pass | - | - | |
| Loan Amount | Pass | $1,290,000 | - | |
| Security Type | Fail | residential | commercial | residential not accepted |
| Credit Score | Fail | 398 | 700 | 398 < min 700 |
| Monthly Turnover | Pass | - | $55,000 | |
| Property Owner | Pass | Yes | Not required | |
| Borrower Type | Pass | - | Any |
| Dimension | Raw Score | Weight | Weighted Score | Visual |
|---|---|---|---|---|
| LVR Headroom | 50 / 100 | 25% | 12.5 |
|
| Data missing (client LVR or lender max LVR not set) -> default 50 | ||||
| Interest Rate | 66.7 / 100 | 25% | 16.7 |
|
| Rate = 9.99%. Formula: (20 - 9.99) / 15 x 100 = 10.01/15 x 100 = 66.7. (Scale: 5% = 100, 20% = 0, linear) | ||||
| Loan Amount Fit | 80 / 100 | 15% | 12.0 |
|
| Amount $1,290,000 >= min $0, no upper limit -> 80 | ||||
| Term Match | 50 / 100 | 15% | 7.5 |
|
| Term data missing (client or lender) -> default 50 | ||||
| Payment Flexibility | 33 / 100 | 10% | 3.3 |
|
| Lender offers 1 type(s): principal_and_interest. Base = 1 x 33 = 33. Client prefers 'interest_only' but NOT available -> 33 | ||||
| Turnaround Speed | 50 / 100 | 10% | 5.0 |
|
| Turnaround time not specified -> default 50 | ||||
| TOTAL | 100% | 57.0 |
|
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