Loan referee requirement
The Government announced that the first-phase measures prohibit money lenders from requiring borrowers to provide loan referees. Review application forms, customer communications and related information collection procedures for necessary changes.
Unsecured personal loans for low-income borrowers
The first phase also introduces a repayment-to-income ratio ceiling. Compare the official conditions with income information, repayment assessments, approvals and records. This page does not provide individual loan calculations or approval advice.
Confirm the applicable version
Check the conditions attached to the company's licence and the latest official guidance, then identify affected products, forms, policies, systems and training. Applicability must be checked for the case.
Prepare for the next phase
The Government announced a further phase from 1 June 2027, including credit information reporting to Credit Data Smart for unsecured personal loan business. Review the official requirements and potential process preparations in advance.
Official references
Start with your business needs.
Tell us the service, operating model and expected timing. After understanding your circumstances, an adviser will confirm the scope, information needed and fees.
General information and preparation pointers, rather than advice on the legal, tax or regulatory issues in your case.