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Credit Guide 

About Us


'Uselect Finance' is the trading name of Uselect Finance Pty Ltd (ACN 612 050 487, which holds Australian Credit Licence 510876.


Uselect Finance Pty Ltd and employees of Uselect Finance Pty Ltd act on behalf of Uselect Finance Pty Ltd' in providing you credit services.


Our mission is to provide Borrower with the right experience when choosing a home loan from our panel of major and non-bank lenders.


In this document, 'Uselect Finance', 'we', 'us' and 'our' are references to Uselect Finance, Uselect Finance Pty Ltd, employees of Uselect Finance Pty Ltd and any related bodies corporate.


This Credit Guide sets out important information about the licence holder, the credit representative and the services we provide.


Credit Licence Holder: Uselect Finance Pty Ltd (ACN 612 050 487)

Address: 1710/87 Liverpool Street Sydney NSW 2000

Phone: +61 3 6146 3477


Australian Credit Licence: No.510876

Licensee External Dispute Resolution (EDR) Scheme Name:

Australian Financial Complaints Authority (AFCA)

Licensee EDR Membership No.69082


What is Credit Assistance?


Uselect Finance Pty Ltd is licensed to provide credit assistance to you under the National Consumer Credit Protection Act 2009. We are required to provide this Credit Guide to you as soon as practicable after it becomes apparent that we are likely to provide credit assistance to you. We provide "credit assistance" when we:

  • suggest or assist you to apply for a particular credit contract with a credit provider; or

  • suggest or assist you to apply for an increase to an existing credit contract with a credit provider; or

  • suggest you remain in a particular credit contract with a credit provider.


Preliminary Assessment


What we will need from you

When we provide you with credit assistance, we are legally required to only recommend credit products that are not unsuitable for you. Uselect strives to achieve better customer outcomes and suitable products and services.


To enable us to review which loan products might be suitable for you, we are required to complete a Preliminary Assessment. When we make this preliminary assessment, we will ask you about your requirements and objectives, your financial and personal situation and your ability to repay the loan that you are considering. In assessing these factors, we are also required to take reasonable steps to verify some of the information you provide us. This verification may include asking you for copies of documents that demonstrate your financial situation (in some cases we may also need to sight original documents) and contacting third parties to assist in verifying the information that you provide.


Obtaining a copy of your Preliminary Assessment

You may request a copy of our Preliminary Assessment and we must give you a copy of it within:

  • seven (7) days, if the request is made within two (2) years of completion of the document; or

  • twenty-one (21) days, if the request is made between two (2) and seven (7) years of the completion of the document.

There is no charge for requesting or receiving a copy of the Preliminary Assessment.


How do we and our Representatives get paid?

Uselect Finance is paid commissions by lenders for introducing customers. The lenders we deal with will usually pay us a commission based on the size of loan and the particular loan product you have selected. We will only be paid this commission if your loan is settled and drawn down. We are also paid an ongoing commission by your lender based on the outstanding balance of your loan. The licensee is not paid any commissions from lenders.

The commissions that we are paid by your lender are not payable by you (they are paid to Uselect Finance either directly by the lender or by our Aggregator) and do not alter your interest rate.

At this stage, the amount of fees payable are unascertainable. As part of the application process, we will provide you with a Credit Proposal Disclosure Document which will include an estimate of the commissions we are likely to receive from the Lender if you decide to proceed with the application and the loan settles, and details of how that commission is calculated. You can also request this information from us.

Home Loan Representative employed by Uselect Finance Pty Ltd acting on behalf of the licensee receive a salary from the Uselect Finance Pty Ltd and may receive additional performance incentives depending on a number of metrics including successful loan applications, customer satisfaction, and other quality metrics.


Non-monetary remuneration or benefits

Home Loan Specialists may also receive non-monetary benefits, which can include access to tiered servicing programs, conferences, courses, competitions, entertainment benefits, and other forms of hospitality.

Our Home Loan Specialists have access to training and educational courses or seminars run by lenders, aggregators, and third parties, which are intended to assist our staff in understanding lender products. They may also be members of lender tiered servicing programs which can enable them to receive improved service and other benefits. The value of these benefits is usually unascertainable. Where any training or educational courses are organised by Uselect Finance Pty Ltd, we ensure that access is available to all our Home Loan Specialists.

All our conferences and professional development events are held at suitable locations, are primarily educationally focussed, and are aimed at improving consumer outcomes. The ability to attend conferences and access additional educational opportunities is not based on loan volumes written by a broker.

We do not accept entertainment or hospitality benefits above $350 per person per event. We maintain a register of soft-dollar benefits above $100 that we may receive from lenders or aggregators. If you would like to view a copy of this register, please contact us at


Fees and charges payable by you in relation to our credit assistance

We may charge you for our services if you apply for a home l oan, an investment property loan, a personal loan or a lease. Under the NCCP Act, any fees we charge for our servic es are fully outlined in the Credit Quote attached prior to proceeding your loan and we are required to obtain your sign ed consent.

You may need to pay fees to us on behalf of third parties. Again, if these fees are to be paid, they will be detailed in your Credit Quote.


Our Top 6 credit providers

We source credit products from a range of banks, lenders and other credit providers. We currently have 44 lenders available to customers and, in the last financial year (to 30 July 2022).


Other people we deal with

Our Funders

We gain access to the loan products we recommend to you through the services of our different funders.


Referrers and Referral fees

In some cases, your business may have been referred to us by non-regulated third parties such as real estate agents, accountants, financial planners etc. Where this is the case and a referral fee is being paid by Uselect Finance to these parties, the fee will be disclosed to you in the Credit Proposal Disclosure Document. These fees are not payable by you.


Dispute resolution and complaints

While we always strive to provide the best possible service, we understand there may be times where you are not satisfied. If this occurs and you wish us to do something about it, we have a formal process in place to address your concerns.


Internal Dispute Resolution

If you do have a complaint, please contact us at or by using the phone number or postal address at the website. You may do this verbally or in writing. Please try to explain the details of your complaint as clearly as you can and include as much relevant information or supporting documents as possible.

When we receive a complaint, we will aim to acknowledge it within five (5) business days and try to resolve it as soon as we can (usually within 45 days). Where we are unable to provide a final response to your complaint within 45 days, we will send you an email or letter advising of the reasons for any delay, and your right to complain to our External Dispute Resolution (EDR) scheme.


External Dispute Resolution

If you are not satisfied with our response or how we have handled your complaint, you may make a formal complaint to our EDR scheme, the Australian Financial Complaints Authority (AFCA), which can be contacted on:


T:1800 931 678 (free call)

P:Australian Financial Complaints Authority



Time limits may apply to complain to AFCA, so you should act promptly or otherwise consult the AFCA website to find out if or when the time limit relevant to your circumstances expires.


Things you should know

We don't make any promises about the value of any property you finance with us or its future prospects. You should always rely on your own enquiries. We don't provide legal or financial advice. It is important you understand your legal obligations under the loan and the financial consequences. If you have any doubts, you should obtain independent legal and financial advice before you enter any loan contract.



We are committed to protecting your privacy. We use the information you provide to assist you with your credit needs. We only provide your information to the companies with whom you choose to deal (and their representatives) unless we are compelled by law. We do not trade, rent or sell your information. If you don't provide us with full information, we can't properly advise or assist you. You can check the information we hold about you at any time. For more information please see our Privacy Policy which can be found on our website or ask us for a copy. For more information on your privacy rights please visit



If you have any questions about this Credit Guide or anything else, just ask as we are always here to help you.

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