1. We will provide you with a rebate agreement confirming the offer at the time of your inquiry.
   

2. Where you are taking out several loans at the same time (ie within one month of each other), we will generally aggregate them to arrive at a single rebate figure in line with our table of rebates.  

3. Where loans are for construction, rebate will be paid based on final draw down amount on or after final draw down is completed.
   

4. Rebates on honeymoon loans (introductory loans) are paid at the end of the honeymoon period.

5. Rebate on lines of credit are based on initial draw down and clause 10 applies.
   
   
6. Bridging loans are calculated on end debt and paid on completion of bridging period.
   
   
7. Rebates are not paid on credit impaired, shared equity or commercial loans.
   

8. Where lending is restructured and/or increased with the same lender you already have, commissions are usually paid according to the quantity of new lending.  Likewise our rebates are based on the quantity of new lending with the lender.   

9. Our rebates and other costs are funded from the up-front commission we receive.  Any profits we make are based on a small trailing commission we are paid for the term of the loan. In addition where clients exit from loans early in their term, lenders claw back their commission payments from brokers.  Accordingly we generally need loans to last three years to make a profit.  As a result we have the right to claw-back the rebate paid to you if you exit the loan within three years of settlement.  However, where a subsequent refinance is made through Peach, we will not claw-back the original rebate, though the size of the rebate on the subsequent loan may be smaller. If you are concerned tell us your possible plans, and we'll let you know how our policy would apply.

10. Further, where you intend to substantially reduce the size of your loan in the first three years, your rebate would generally be calculated on the size down to which you would intend to reduce your loan during that time.  We reserve the right to claw back a portion of the rebate during the three years after settlement.  Likewise, where we have paid a lower rebate, clients have a right to claim additional rebate from us at the end of the three years where they can show that their loan has remained at a level which would justify a higher rebate.  

11. Lender's now penalise brokers on submitting applications that don't convert. If you require us to submit application to more than one lender our policy is to reduce your rebate by 30% per additional lender approached.  

12. Loan documentation can be confusing and even intimidating and we will do whatever we can to help you understand it and complete it.  Please feel free to ring us at any time for assistance.  Lenders are meticulous about the need to comply with their requirements - sometimes to the point of pedantry!  So please do the best you can. 

13. We reserve the right to reduce your rebate by 10% for each time you change the specifications of the loan you apply for after you have sent us your completed application form. 

See our terms and conditions and rebate agreement for further detail on these policies. 

Any questions about rebates should be directed to Andrew Hunter on 1300 137 586