What are the Key Differences between a Bank Loan & a First Australian Loan?
	KEY DIFFERENCE	BANKS	FIRST AUSTRALIAN
	Response to Application	Up to 5 weeks	Couple of days
	Approval means settlement	Sometimes	Always, unless borrower deception
	Settle on time	Sometimes	Almost always
	Customer Service	Usually poor	Very high standard
	Customers treated like	Statistics	Members of our family
	Staff	Bank staff are trained to sell	Extensive experience in property
		bank products	funding, ownership & strategies
	Phone Access	Usually poor & long waits & always	Always available business hours
		computer generated	phone never answered by computer
	Loan structured to	Maximise bank profits	Minimise Borrower costs
	Strategic Approach	At best only superficial	We help you get to where you want
			to be - experienced staff
	Years to repay loan	As long as possible	As short as possible
	Lender interference	Often, especially if self employed	Never
	Loan flexibility	The more flexible loan, higher	Most flexible loan is cheapest &
		the cost to the Borrower	less cost to the Borrower
	Access to loan redraws	Usually restricted to larger sums	Any amount - $100 or more
	Fees for Redraws	Usually charged $25, or $50, unless	No fees for redraws & no going fees
		higher interest, or higher annual fees
	Interest Rate	Competitive against other banks	Competitive against all lenders
	Ongoing fees	Always & many hidden	No ongoing fees & no hidden
		management fees	management fees
	Security/safety	Standard Bank "all monies"	Strongest. Held by Trustee. Loan
		mortgage agreement - therefore	cannot be reduced or called in.
		as safe as the bank decides.	Set for 30 years. Very Safe.
	Overall cost of the loan	As high as possible	As low as possible
	Average loan life	Industry average 3.5 years before	Much longer than industry average
		Borrowers go elsewhere	Most our Borrowers still with us
	Marketing & branding	Banks spend enormous sums	Spends absolutely nothing
	Executive salaries	CEO's paid millions	CEO paid about the same modest
			sum, as everyone else in Australia
	Profit distribution	Profits distributed to executives &	Profits distributed to fund micro-eco
		shareholders, via dividends	initiatives in poorer countries