How does it work?
When you apply for a loan, we’ll ask BankStatements to send you a secure link to start the bank account information retrieval process. Once you receive the link, they will guide you through the process of logging into your internet banking system and retrieving the information we need to help make the lending decision.
This process can be done from your mobile phone, laptop or iPad and only takes a few minutes. If you need help with anything, we can guide you through the process. You will need your internet banking details as the system does not work with any mobile phone banking apps.
Is BankStatements safe?
MTF Finance takes your privacy seriously and cannot access your online banking credentials. Your information is encrypted and securely transferred. Personal Information we receive from Illion will only be used and stored for your loan application. We use anonymised transaction data (which does not identify you) to improve our products and services.
Alternatives to using bank statement retrieval
For us to consider a loan, we need to understand your financial position. The BankStatements tool allows us to quickly, securely and easily retrieve this information from your bank. However, if you’d prefer, we can accept PDF or printed copies of your bank statements showing the last 90 days including borrower name, address and bank account number. We are unable to accept screenshots of your account.