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What information would you provide to the customer

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Question - A customer approaches you about a loan to fund the purchase of a new car. The customer has a good credit history and has freehold title of a property valued at $650,000. This is the value that is shown on the council rates notice.

The new car has a purchase price of $75,000 including on road costs. The customer has a deposit of $25,000 and requires loan of $50,000. The customer earns around $90,000 per year before tax and, other than a credit card with a maximum of $5,000, has no other debts.

Required - What information would you provide to the customer and what security interests could you consider?

Reference no: EM133174814

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