When you submit a Breezy personal loan application, a structured assessment process begins immediately. This page explains exactly what the team reviews, how the credit check works, what responsible lending means for your application, and what each possible outcome means for you.
Form and bank data submitted
Bank statements reviewed
Living costs and commitments
Surplus income calculated
Final stage credit inquiry
Email and SMS notification
Breezy assesses five key areas of your financial profile to determine whether the requested loan is suitable and affordable for your individual circumstances. Here is what each area involves.
The team reviews your income from your bank statements and employment information. They look at the regularity of income deposits, the amount relative to your stated income, and whether income has been consistent for at least three consecutive months at or above the $600 per week threshold.
Your regular living costs are assessed from both your stated figures in the application and your actual bank transaction history. This includes rent or mortgage, utilities, groceries, transport, subscriptions, and any other regular commitments. The team checks for consistency between stated and actual expenses.
Repayment capacity is calculated as the surplus between your verified income and verified expenses. If the proposed loan repayment — including principal, interest, and monthly fee — can be comfortably accommodated within that surplus, the loan is considered affordable. If the surplus is insufficient, the loan cannot proceed regardless of other factors.
Any existing loans, buy-now-pay-later facilities, credit card balances, or other regular financial obligations are factored into the assessment. Breezy checks whether you already hold an active personal loan, as having more than one active loan is an automatic disqualifier under the eligibility criteria.
A credit check is performed at the final stage of the assessment. The team reviews your credit report for defaults, serious credit infringements, bankruptcies, and repayment history with previous lenders. Poor credit history does not automatically disqualify an application, but serious or recent infringements may affect the outcome.
You must be employed at the time of application. Casual and part-time employment are accepted where income has been regular for the required period. Applications from borrowers whose primary income is from Job Seeker or Youth Allowance cannot be progressed under Breezy's eligibility criteria.
Many Australians are concerned about the impact of a credit check on their credit score. Here is a clear explanation of what happens, when it happens, and what it means for you.
The credit check is conducted at the final stage of the assessment process, not at the start. This means your credit file is only accessed once the team has already reviewed your income, expenses, and repayment capacity and is ready to make a decision.
The credit report accessed includes your repayment history with previous and current lenders, any defaults or court judgements, any credit enquiries from other lenders in the past 12 months, and the presence of any current or discharged bankruptcy listings.
Every credit inquiry creates a record on your credit file. However, because Breezy only conducts the check at the very end of the assessment, if you withdraw before that stage or are not progressed to it, no inquiry is made and your score is not affected at all.
No. Breezy considers your overall financial picture. While a poor credit history is a factor, a single missed payment from years ago is assessed very differently from an active default or recent bankruptcy. Breezy looks at the totality of your situation.
In Australia, credit reports are maintained by credit reporting agencies including Equifax, Experian, and illion. Your report contains information about your credit history compiled from lenders who have provided you with credit in the past.
Under Australia's comprehensive credit reporting system, the report includes both positive and negative information — including on-time repayments and accounts in good standing, not just defaults. This means that a history of responsible repayments on existing or past credit can weigh in your favour even if there are older negative entries on the file.
You are entitled to request a free copy of your credit report from each credit reporting agency once per year under the Australian Privacy Act. Reviewing your report before applying can help you identify any errors and understand your credit position in advance.
Tip: Multiple credit applications from different lenders in a short period can accumulate as credit enquiries on your report and may signal credit-seeking behaviour to assessors. If you are comparing lenders, use comparison tools or enquire informally before formally applying with multiple providers at once.
Responsible lending is a legal framework that governs how Australian lenders make credit decisions. Understanding it helps explain why certain applications are approved and others are not.
Under the National Consumer Credit Protection Act (NCCP), Breezy Loans is legally required to assess whether a loan is not unsuitable for a borrower before approving it. A loan is considered unsuitable if it would cause financial hardship or if the borrower is unlikely to be able to repay it without substantial hardship.
This means Breezy cannot simply approve every application received. Even if a borrower wants the loan and believes they can repay it, if the assessment data shows the repayment would create financial hardship based on their income and expenses, Breezy is legally prohibited from approving it.
Breezy cannot simply take your word for your income or expenses. We are required by law to verify the information you provide through independent sources such as your bank statements. This is why the bank statement connection is a mandatory part of the application.
Affordability is assessed based on your verified income minus your verified expenses. The resulting surplus must comfortably accommodate the proposed loan repayment. A loan that consumes most of your monthly surplus is unlikely to be considered suitable.
The assessment reflects your financial circumstances at the time of application. If your situation changes after approval — for example if your income decreases — contact Breezy immediately so we can discuss what options are available to you.
If you experience financial difficulty during your loan term, you have the right to request a hardship variation under the National Credit Code. Breezy must consider any such request. Contact us as early as possible if your circumstances change.
A declined application is not a punishment — it is a protection. If Breezy determines the loan would cause you financial hardship, approving it would not be in your interest. A refusal may prompt a review of your budget or a smaller loan amount that is genuinely affordable.
If your application is declined, you may request an explanation of the reason. Breezy will provide this in plain language. Understanding why an application was declined helps you make an informed decision about whether to address those factors before reapplying.
After the assessment is complete, your application will result in one of three outcomes. Here is what each one means and what to do next.
Your application meets all eligibility criteria and the loan is assessed as suitable and affordable for your circumstances. You will receive your loan contract by email for review and digital signature. Once signed, funds are transferred to your account the same business day or the next business day. Review the contract carefully before signing — all terms are binding from signature.
Your application does not meet the approval criteria based on the assessment. This may be due to insufficient income, insufficient repayment capacity, existing financial hardship, or a credit issue. You will be notified with an explanation. Where possible, Breezy may act as a lender-finder and suggest alternative options. You are not obligated to proceed with any alternative. See the How to Get Approved guide for steps to strengthen a future application.
In some cases the team may need additional information to complete the assessment. You will be contacted by phone or email and asked to supply the relevant details. Responding promptly to these requests ensures your application is not delayed. Common requests include clarification of a specific transaction, confirmation of an additional income source, or updated bank statement access.
The assessment process is fast, fair, and fully compliant with Australian responsible lending obligations. Apply online and receive a decision within 60 minutes during business hours.
Apply NowBreezy Loans Pty Ltd holds Australian Credit Licence 389610. Credit is subject to approval. Personal loans from $2,100 to $70,000. Breezy assesses all applications in accordance with responsible lending obligations under the National Consumer Credit Protection Act. A credit inquiry is conducted at the final stage of assessment only. Approval timelines are indicative and may vary. Interest rates from 29.9% to 39.9% p.a. Establishment fee 20%, monthly fee 4%, dishonour fee $27.50. No early repayment fee. This information is general in nature and does not constitute financial or legal advice.