We know that your privacy is important.
Abacus Home Loans, understands that your details provided to us, are private and personal. How we collect, utilise, keep, exchange and protect your information is important. You must be allowed to feel secure when we deal with each other. We need to explain how we protect your privacy, how we use your information, who we may share it with and other circumstances that apply to such personal information. This Privacy Policy sets out how we deal with your information. We are bound by the Privacy Act and the Australian Privacy Principles (APPs) for the management of personal information.
The information itself.
We collect information. Personal information is pertinent detail gained, for the ability of trained credit assessors, to be able to assess a loan application. The information is enough to identify person or persons, whether the information or assessment is true or not, and the manner in which the information or an opinion is collected . This detail includes, but is not limited to, identity and contact details, marital status, residential address, assets & liabilities, income – expenses and other appropriate information.
Private information regarding you’re health may need to be collected. This will impact a variety of insurances (e.g. mortgage insurance) involved in servicing your best interests as a duty. We need your consent to acquire sensitive information.
Method of Collection of the Information.
Abacus Home Loans requires you to provide the information. We will usually check the credit and other information you supply with another organisation who hold financial data. This could involve a request for a credit report from a credit reporting agency, when you apply for credit. We will let you know about the type of organisation prior to collecting that report. It may occur that third parties may collect your information on our behalf, as long as you are still providing that information.
Why is it necessary to collect your information?
Abacus Home Loans collect, collate, store and use your information in order to:
Submit your application for a credit assessment to a suitable credit facility and provide you with information about related insurance products;
Other purpose that relate to the above detail.
Direct Marketing
We may use the information about you, to provide you with specific communications about products and services we think will benefit or be of interest. We may also send you details of offers or services provided by our business partners and related Abacus Home Loans entities. These direct marketing offers are set out so you may gauge their benefit.
You may opt out of the direct marketing at any time at no cost to you and can do so by writing to us at:
Abacus Home Loans
Level 5 451 Pitt Street Sydney NSW 2000
Email: info@abacushomeloans.com.au
Doing so will not cost you anything, and we commit to ensure you stop receiving any unwanted communications as soon as possible.
Who & Why we share information
Abacus Home Loans provide for its clients by the provision of product & service options of options in your interest. We may partner with another organisation(s) to support the products and services we offer (for example, insurance partners). In these situations we will provide our partners with the personal information you have given us.
There may be a legal compulsion to disclose your personal information to various authorities. This includes the Anti-Money Laundering and Counter-Terrorism Financing Act to disclose details of financial transactions, or we may also be compelled under tax laws to provide such information to regulators.
Other organisations which we may exchange your personal information with may include:
Any person who proposes to guarantee or has guaranteed repayment of any credit provided to you;
Any person considering acquiring or taking an interest in our business.
Abacus Home Loans aims to provide you with a material benefit in its marketing campaigns. We only disclose any of your personal information to any other organisation, if we take reasonable steps to ensure that:
The organisation has the same commitment as us to the protection of your personal information; AND
You have consented to us doing so.
By consent, we mean approval in writing, orally, or implied from your dealings with us.
Transfer of personal information overseas.
We may hold or process your information on servers located overseas for filtering, hosting or storage purposes, reporting and analytical purposes and for system development testing purposes. If we do this, we make sure that such organisations have the appropriate data handling and security arrangements in place to ensure compliance with this Privacy Policy. The data may be transferred but not disclosed.
Accuracy of the information
It is important for us, and for you, that the information we hold is accurate and up to date. In this, we rely on you to help us. We ask that you contact us whenever there are any changes to your personal information, so that we can update our records.
The personal information we hold about you is yours to access and correct, and as such we can provide you with general information, such as your name, address and contact details quite easily. There is no fee for making the initial request. More detailed information may not be as easy for us to access, and if necessary, in some cases there may be an access charge to cover the time we spend locating, compiling and explaining the requested information . If there is an access charge, we’ll give you an estimate up front and confirm that you’d like us to proceed. Generally, the access charge is based on an hourly rate plus any photocopying costs or other out-of-pocket expenses. You’ll need to make the payment before we start.
The process of providing you with access to or correcting your personal information may take up to 30 calendar days from the date of your request. If we refuse to give you access to or correct your information, we must give you written notice setting out the reasons for the refusal and the mechanisms available for you to complain about the refusal.
If you need to access or correct your detailed information, just write to us at the following address:
Abacus Home Loans
Level 5 451 Pitt Street Sydney NSW 2000
Email: info@abacushomeloans.com.au
Please email us with your privacy request.
If you have a privacy complaint
Abacus Home Loans value our customers. We will always aim to be fair and responsive. If you have a complaint, including a complaint about Abacus Home Loans compliance with the APPs, you have the right to expect that we will handle it in a friendly and professional way. When we receive a complaint, we look on it as valuable feedback that may help us to improve the services we offer and to ensure your needs are met in a satisfactory and appropriate manner. If you wish to complain, at any time, about the handling, use or disclosure of your personal information, or about Abacus Home Loans compliance with the APPs, just write to us at the following address:
Abacus Home Loans
Level 5 451 Pitt Street Sydnet NSW 2000
Phone: 1300 26 8686
Email: info@abacushomeloans.com.au
Please email us with your privacy request.
We will make all efforts possible to investigate your complaint, and advise you of the outcome as soon as possible. If the matter is not resolved to your satisfaction, you can then refer your complaint to the Australian Information Commissioner.
Disclaimer
Abacus Home Loans is the trading name of Abacus Finance and Property Pty Ltd ABN 36 132 911 132 | Australian Credit Licence Number 375062.
Abacus Home Loan is a privately owned and operated Australian business. Our mission is to change the way Australians get home loans by providing a smoother, smarter and simpler home loan experience designed around the customer’s convenience and needs. The advice given on this website was prepared without taking into account your objectives, financial situation or needs, so before acting on it, you should consider the appropriateness of the advice having regard to your personal situation. You should also obtain and consider the associated product disclosure statement and terms and conditions that apply to the products and offers on this website, which are available by going to the offer page or by contacting Abacus Home Loans on 1300 023 111.
