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The Simple Loan Application Letter is a fundamental document in New Zealand's lending landscape, designed to initiate the formal loan application process while ensuring compliance with local regulations, particularly the Credit Contracts and Consumer Finance Act 2003. This document is typically used when individuals or businesses seek to borrow funds from financial institutions, requiring comprehensive disclosure of financial information, personal details, and loan requirements. The application letter serves as the first step in the loan approval process, containing all necessary information for initial assessment by the lender, including the applicant's financial position, loan purpose, and ability to repay. It incorporates essential elements required by New Zealand law, such as privacy consents, credit check authorizations, and declaration of information accuracy.

1. Applicant Information: Full legal name, contact details, address, date of birth, and other identifying information as required by AML regulations

2. Employment Details: Current employer, position, length of employment, and income information

3. Loan Request Details: Amount requested, purpose of the loan, and preferred repayment term

4. Financial Position: Current assets, liabilities, regular expenses, and other financial commitments

5. Bank Account Details: Primary bank account information for payments and transaction history

6. Credit Information Consent: Authorization for credit checks and information verification

7. Declaration: Confirmation that all information provided is true and correct