Below are loan requirements and characteristics, match the definition to the term.

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The specific duration over which a borrower agrees to repay a home loan. It represents the length of time, often expressed in years or months, during which the borrower makes regular payments to the lender to fully repay the loan amount, including interest.

The rate of interest the lender is charging for providing the finance.

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The sum of money that a lender agrees to provide to a borrower for a specific purpose.

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Documentation needed to support a loan, this could be payslips, identification, bank statements and rental income.

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This pertains to the Privacy Act, ensuring that information exchanged among clients, brokers, and lenders remains confidential and is not shared with authorised parties, including colleagues, and personal details such as tax file numbers are also kept undisclosed.