Licensee Details - Contact Details
OXCEL PTY LTD trading as Oxcel Finance
ABN: 58 622 168 316
ACN: 622 168 316
Level 13, Suite 1328 401 Docklands Drive, Docklands, Melbourne, VIC 3008, Australia
Phone: 1800 010 001
Australian Credit Licence #547719
Credit Guide Overview
The National Consumer Credit Protection Act 2009 states we must provide consumers with a Credit Guide and Quote as soon as practical after it becomes apparent, we are likely to provide credit assistance. The Credit Guide and Quote contain information on the service we provide, details of our obligations under the NCCP Act 2009 to ensure credit is not unsuitable for your circumstances, maximum fees and charges payable to us by you as the consumer, a guide to the commissions we may receive from credit providers, and details of fees that may be payable by OXCEL PTY LTD to third party referrers.
Services we provide
Our Credit Assistance services in sourcing and arranging a suitable loan include
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Obtaining further information from, including but not limited to, employers, accountants, and credit reporting agencies;
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Investigating suitable loans and providing you with information about one or more loans that meet you objectives;
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Assessing, verifying and documenting information, ensuring the chosen loan is not unsuitable for you;
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Helping you complete the application, compiling the document required by the credit provider and submitting the application to the credit provider;
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Liaising with the credit provider during the approval process, providing any further information that may be required and notifying you of the credit provider's decision;
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Assisting with the finalisation of the loan required.
Our “Licensee” obligations to ensure credit is not “unsuitable”
To help us ascertain a credit contract is not unsuitable, we are required by law to:
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Make reasonable enquiries about your requirements and objectives
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Make reasonable enquiries about your current financial situation
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Take reasonable steps to verify the information.
If at the time of assessment, there is evidence suggesting you are unable to afford the repayments of the credit provided, or the credit provided will cause substantial hardship, or the credit provided will not meet your requirements/objectives, then the credit will be deemed unsuitable.
Due to the importance of proving credit is not unsuitable, we will require a significant amount of information, and the accuracy of this information is equally important.
To ensure a credit contract is not unsuitable, we will complete a preliminary assessment of your requirements and financial position. We must keep this preliminary assessment for 7 years. You may request a copy of this preliminary assessment within 7 years of the assistance being provided. We are only required to provide a copy of this assessment if we give you credit assistance.
Consent and Acknowledgement
By signing this document, acknowledging acceptance by submitting your enquiry, emailing your acceptance to us, e-signing this document, or responding by sending through your supporting documentation requested for an application, you:
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Accept the quote provided for providing credit assistance;
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Confirm the appointment of the credit license to provide credit assistance and to arrange credit on my/our behalf;
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Authorise the Credit Licensee to perform the actions outlined in the Privacy Statement section of this document, and acknowledge that I/ We have received a copy of the Credit Guide;
Credit Quote for Providing Credit Assistance
We may charge you up to $2,500 (incl. GST) or 10% of NAF as an Origination Fee for our services when providing credit assistance, although this is only payable should the loan proceed. It is a one-off fee, payable at loan settlement. This fee may be paid directly to use, or part of the loan disbursements. If via loan disbursement, this will increase your loan by the fee amount.
Our “Consumer” Credit Providers
We source credit products from a range of banks, lenders, and other credit providers. The table below shows the 6 lenders to whom we introduce the most business. It shows the lenders, their estimated establishment fees, and other fees that may be payable. Some second-tier lenders may charge a risk fee which can range between 1% - 10% of the car price.
| Lender |
App Fee |
Monthly Fee |
PPSR |
| Plenti |
$499 |
$9.90 |
$6.80 |
| Pepper |
$449 |
$8.90 |
$8.00 |
| Macquarie |
$350 |
$8.25 |
$8.00 |
| Firstmac |
$400 |
$0.00 |
$0.00 |
| AFS |
$495 |
$15 |
$17.60 |
| Liberty |
$495 |
$7.70 |
$8.00 |
Commission paid by Credit Providers
OXCEL PTY LTD and/or its employees, or Directors, may receive commissions from a credit provider, where we have provided credit assistance to the applicant. These commissions are not fees payable by you. This commission may be between 0.00% and 8.00% of the amount financed under a credit contract where Oxcel Finance has provided credit assistance. Oxcel Finance and/or its employees, or Directors, may also receive incentives from the financiers. Oxcel Finance may also receive a volume bonus from a credit provider. This is usually between 0% - 1% of the amount financed.
Commissions paid by Oxcel Finance to Third-Party Referrers
On some occasions you may have been referred to us by a third party and we may pay that third party a fee or commission for referring you to us. Such third parties might include but are not limited to car dealerships, accountants, mortgage brokers, real estate agents, and financial advisors. These referral fees/commissions are usually between $1 - $500 or up to 50% of our total commissions.
If you have a complaint
Internal Dispute Resolution
Within our business we follow specific procedures to try to resolve any complaints that you may have. If you have a complaint, please contact our office via email at [email protected]. They will try to resolve all concerns quickly and fairly.
External Dispute Resolution
In the unlikely event we cannot resolve your complaint in a satisfactory manner, or you have not received a response from us after 45 days, you can escalate your complaint to the below Ombudsman, a free and independent dispute resolution service provider.
Australian Financial Complaints Authority (AFCA)
Free call number: 1800 931 678
A copy of AFCA’s dispute resolution policy is available at https://www.afca.org.au.
OXCEL PTY LTD membership number is 81546.
You can check the information we hold about you at any time by contacting our Compliance Officer.
Compliance Officer: Sadia Mortuza at [email protected]
Privacy Overview
OXCEL PTY LTD, ACN 622 168 316, (‘we’, ‘us’, ‘our’) collects information about you for the purpose you agree to in this Privacy Disclosure Statement and Consent. When you sign below, you agree we can, consistently with Australia’s privacy and credit reporting laws, collect, use and exchange credit and personal information about you for those purposes.
We are collecting credit and personal information (information) about you, as applicable:
To source for you, or a company of which you are a director:
- Consumer credit for personal, household, domestic, or residential investment purposes;
- Commercial credit for business purposes; or
- Other services stated in this Privacy Disclosure Statement and Consent; or
- To support a guarantor application, you will provide.
As your broker, we require the information we collect from you to assess your credit, or guarantor, application or the credit application of a company of which you are a director, source a suitable credit provider and any required insurance and manage the application process, where required. If you do not provide the information sought, we may be unable to process your application, or the company’s application, or we may be limited in the other services we can offer you or the company.
Your information – Collection and Credit Reporting Body (‘CRB’) Disclosures
When we collect information from you in the credit application process, we use that information in a number of ways to assess your credit application and to source a suitable credit provider or lessor/or insurance provider.
- We may: Disclose your identification information to a CRB if you wish us to obtain a report on your behalf.
- Use any information the CRB provides in that report to assist us in preliminary assessing your consumer credit or guarantor application.
- Disclose your personal information to an insurer or insurers to source any insurance you wish to obtain.
- Disclose your credit information to a credit provider or credit providers to apply for finance on your behalf.
The information we obtain from you is used, subject to compliance with Australia’s privacy and credit reporting laws, only for the purposes listed in this Consent and is not disclosed to any other person except with your permission or as permitted, or required, by law.
Credit Providers
As part of providing our services to you, we may undertake tasks for a credit provider which is reasonably necessary to manage the application process. When doing so, we are acting as agents for the credit provider, with the same privacy law requirements applying to both of us.
We may submit your application to one or more credit providers. Those credit providers and their website addresses are set out in the Schedule at the end of this document.
A credit provider, to whom we submit an application, may disclose information about you, and collect information about you from one or more CRBs.
The website of each credit provider contains details of each CRB with which it deals and other details about information held about you and describes your key rights. This detail may be described on the credit providers’ websites as ‘notifiable matters’, ‘privacy policy’, ‘credit reporting policy’ or privacy disclosure statement and consent’, and includes –
- That the CRB may include information the credit provider discloses about you to other credit providers to assess your credit worthiness.
- That, if you become overdue in making consumer credit payments you commit a serious credit infringement, the credit provider may disclose that information to a CRB.
- How you can obtain the credit providers and/or CRB’s policies about managing your credit information.
- Your right to access and/or correct information held about you and to complain about conduct that may breach the privacy and credit reporting laws.
- Your right to request a CRB not to undertake pre-screening for purposes of direct marketing by a credit provider.
- Your right to request a CRB not to release information about you if you believe you are a victim of fraud.
This detail will also be included by the credit provider who approves your application in the privacy disclosure statement and consent document it will provide to you.
Each credit provider website includes information on how to contact the credit provider and how to obtain a copy of its privacy documents in a form that suits you (e.g. hardcopy or email).
Your Rights
You have the right to ask:
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Us to provide you with all the information we hold about you.
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Us to correct the information we hold if it is incorrect.
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Us for copies of our privacy policy and this document, in a form that suits you (e.g. hardcopy or email).
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The CRB, not to use your information for direct marketing assessment purposes, including pre-screening.
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The CRB, to provide you with a copy of the information it holds about you.
You can gain access to the information we hold about you by contacting our Privacy Officer by telephone at
1800 010 001
or email at
[email protected].
In some cases, an administration fee may be charged to cover the cost of providing the information.
Our privacy policy is available on our website at
https://oxcel.com.au/legal
or we will provide you with a copy if you ask us.
Disclosure and Consent
By Signing below, you agree we may:
Use your personal and credit information:
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To assess your consumer or commercial credit and/or guarantee application and/or to assess a credit application by a company of which you are a director.
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To source any finance you require.
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To source any insurance you require.
As the law authorises or requires:
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Disclose to, and obtain from, any prospective credit provider or insurer, information about you that is reasonably necessary to obtain the finance and insurances required;
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Obtain from, and disclose to, any third-party information about you, the applicant(s) or guarantors(s) that is reasonably necessary to assist you in obtaining the finance and insurances required;
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Provide your information, including your credit report(s), to one or more of the credit providers specified in the Schedule of Credit Providers below so they can assess your application, or the application of a company of which you are a director, or your suitability as a guarantor;
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Provide credit information about you to a guarantor, or prospective guarantor;
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Provide you, or the company of which you are a director with offers or information of other goods or services we, or any of our associated entities, may be able to provide to you or the company, unless you tell us not to;
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Disclose your personal and credit information to the extent permitted by law to other organisations that provide us with services, such as contractors, agents, printers, mail houses, lawyers, document custodians, securities and computer systems consultants or providers, so they can perform those services for us; and
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Disclose your personal information to any other organisation that may wish to acquire, or has acquired, an interest in our business or any rights under your contract with us or the contract with us of a company of which you are a director.
You also agree and consent to, as appropriate:
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A CRB disclosing consumer credit information to one or more Credit Providers below for the purpose of assessing your application for consumer or commercial credit or your guarantor application, and/or assessing a credit application by a company of which you are a director.
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When you are a prospective guarantor, a credit provider uses that information to assess your suitability as a guarantor.
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A credit provider disclosing your credit information (including information obtained by it from a CRB) to a guarantor, or a prospective guarantor.
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A credit provider disclosing to another credit provider, for a particular purpose, information it holds about you.
Where the applicant, or guarantor, is a company of which you are a director, you consent to the use of your information, in addition to the company’s information, in each of the ways listed above.
Authorisation
By signing below, you also authorise us to make a request on your behalf to obtain credit reporting information about your consumer and commercial creditworthiness from a CRB. That information will assist us in providing our services to you. This authorisation ceases when we undertake a task on behalf of a credit provider.
