Responsible Lending
Lending With Transparency, Fairness and Care
Responsible lending means assessing whether customers can reasonably manage repayment without undue financial stress. At Legit Ventures Limited, this principle guides how we evaluate applications, communicate terms and support clients throughout the lending relationship.
Our seven principles
These principles guide every stage of our lending process, from initial enquiry to repayment support.
What to expect when applying
To assess your application fairly and responsibly, we may ask you to provide accurate information about your personal, employment, business and financial circumstances. The specific details required will depend on the type of financing you are seeking.
- Personal identification and contact details
- Employment or income information
- Business details, where applicable
- Financial information relevant to affordability assessment
- Supporting documents such as payslips, bank statements or business records may be requested
Your responsibility as an applicant
Responsible borrowing is a shared commitment. We encourage every applicant to approach financing thoughtfully and engage openly throughout the process.
- Provide accurate and complete information in your application
- Read and understand the proposed loan terms before accepting an offer
- Ask questions if anything is unclear about costs, repayment or obligations
- Consider whether the proposed repayment fits comfortably within your budget
- Contact us early if you anticipate difficulty meeting repayment commitments
Disclaimer
Loan availability, terms, approval and disbursement are subject to assessment, verification and applicable company requirements.
Legit Ventures Limited does not guarantee loan approval or specific disbursement timelines. Each application is assessed on its own merits.