Preliminary Assessment of Loan Suitability Worksheet

Documents the preliminary not-unsuitable assessment of a credit product for a borrower, including the information relied upon, key suitability factors, and retention details for client request under consumer credit law.

Submission Notice

• Purpose of submission
• Consent and disclosure acknowledgment
• Assessment date
• Assessor name
• Assessor role

Borrower and Contact Details

• Borrower full name
• Borrower or application reference ID
• Preferred contact method
• Borrower email address
• Borrower phone number

Credit Product Assessed

• Credit product type
• Product name or code
• Requested amount
• Requested term in months
• Interest rate type

Information Relied Upon

• Income verified?
• Income sources considered
• Expense categories considered
• Assets considered
• Liabilities considered

Suitability Assessment

• Preliminary assessment outcome
• Key factors supporting the assessment
  Summarize the evidence and reasoning relied upon. Keep the entry factual and limited to the minimum necessary detail.
• Identified risks or concerns
• Conditions or restrictions applied
• Follow-up required?
• Follow-up action

Retention and Attestation

• Record retention location
• Retention period in years
• Available for client request?
• Attestation
• Signature