The Key Facts Sheet is now available on the AIMS HOME LOANS (Australian Credit License Number 389027) Website under the heading Product information - Key Facts Sheet Info

The KFS is an Excel Workbook which consists of two different types of Key Facts Sheets They are the:

  • Variable Rate, and the
  • Fixed Rate Key Facts Sheet.

You will need to select from the dropdown list the type of loan you wish to take out - Variable or Fixed Rate as the Key Facts Sheet for each type is slightly different. This can be done by selecting the appropriate product from the dropdown list. The only details that need to be entered are those in the first section of the KFS -“What you have told us”. These fields are the Loan Amount, Loan Term and Product Name. Many of the fields have notes attached to assist you with what values should be entered as well as messages if an incorrect value has been entered. Where possible the selection is from a drop down box which contains only the available products. If a product is not contained in the drop down box it means that it is classed as a “non standard” product and as such a Key Facts Sheet is not required.

The interest rate and product fees will be automatically populated from a central “Product Data” sheet that will be updated each time interest rates change.

Once these details have been entered the sheet will automatically calculate the required repayments. The KFS can then be printed or saved as a PDF File. Please print the KFS on an A4 page on a colour printer, if you have one. If you are not able to print to a colour printer, you may print the KFS in black and white.

You can elect to save this file as a record but there is no requirement to do so. Please note, the KFS does not constitute an offer of credit.

If you have any further questions please do not hesitate to contact AIMS HOME LOANS on (02) 9217 2727 or your AIMS Consultant for assistance.