TMD - Installment Loans

Document Detail	Information
Credit Provider	Hardeep Kumar Wagla t/as Installment Loans
ABN	13 690 290 821
Australian Credit Licence No.	389610
Address	8 Budawang Street, Parkinson QLD 4115
Telephone	0457 857 029
Email	loansinstallment@gmail.com
Website	www.installmentloans.com.au
Document Version	1.0
Effective Date	1 January 2026
Next Scheduled Review	1 January 2027 (or earlier if a review trigger occurs)

1. Purpose and Legislative Basis

This Target Market Determination (TMD) has been prepared by Hardeep Kumar Wagla t/as Installment Loans (referred to as “we,” “us,” or “the Company”) in accordance with our obligations under the National Consumer Credit Protection Act 2009 (Cth) (NCCP Act), the National Credit Code (NCC), and the design and distribution obligations (DDO) framework established under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019.

This document identifies the class of consumers for whom each of our credit products is likely to be consistent with their likely objectives, financial situation, and needs. It also sets out our distribution conditions, review triggers, and reporting obligations applicable to any third-party distributors or referral partners who introduce applicants to our platform.

Installment Loans operates as a credit provider and introducer. We offer personal loans and vehicle loans directly, and facilitate access to business loans through our network of licensed lender partners. All credit assessments are conducted in accordance with the responsible lending obligations under Chapter 3 of the NCCP Act.

2. Products Covered by This TMD

This TMD applies to the following credit products offered through www.installmentloans.com.au:

Product	Loan Amount	Term	Security Type
Small Personal Loan	$2,100 – $5,000	91 Days – 12 Months	Unsecured
Medium Personal Loan	$5,100 – $10,000	6 – 24 Months	Unsecured
Cash Loan	$2,100 – $10,000	4 – 24 Months	Unsecured
Weekend Loan	$2,100 – $10,000	3 – 24 Months	Unsecured
Payday Loan	$500 – $5,000	90 Days – 12 Months	Unsecured
Car / Vehicle Loan	$8,000 – $30,000	12 – 36 Months	Secured (Vehicle / PPSR)
Business Loan (Unsecured)	$5,000 – $250,000	6 Months – 5 Years	Unsecured
Business Loan (Secured)	$50,000 – $2,000,000	6 Months – 5 Years	Secured (Business Assets)

3. Target Market by Product

3.1 Small Personal Loan ($2,100 – $5,000)

This product is designed for individuals who have a defined, short-term cash need and a demonstrated capacity to service repayments within the loan term. The target market consists of consumers who:

are at least 18 years of age and are Australian citizens or permanent residents;
have been in regular employment or receipt of consistent income for a minimum of 3 months;
hold an active Australian bank account;
do not currently hold more than one active personal loan;
have an identified, immediate expense such as emergency repairs, medical costs, essential household purchases, or debt consolidation; and
can comfortably meet scheduled repayments without experiencing substantial financial hardship.

This product is likely NOT suitable for consumers who: are unemployed without a verifiable income source, hold multiple active loans, are currently experiencing severe financial hardship, have been bankrupt and not yet discharged, or who require long-term credit solutions.

3.2 Medium Personal Loan ($5,100 – $10,000)

This product is designed for consumers who require a larger personal loan amount for a substantive, defined personal purpose and who have the financial capacity to service higher monthly repayments over a longer term. The target market consists of individuals who:

meet all base eligibility criteria (age 18+, Australian citizen or PR, active bank account);
have a stable, verifiable income sufficient to comfortably service estimated monthly repayments;
have a credit profile appropriate for the interest rate range of 29.90% – 47.00% p.a.;
require funds for substantive personal purposes such as home improvements, education expenses, major appliances, or consolidation of existing debts; and
demonstrate sufficient understanding of a credit contract involving both an establishment fee and an ongoing monthly fee.

This product is likely NOT suitable for consumers who: require funds urgently within the same day, are seeking a loan primarily to cover recurring living expenses, or whose income is insufficient to support the repayment schedule without hardship.

3.3 Cash Loan & Weekend Loan ($2,100 – $10,000)

These products are designed for consumers who need access to funds quickly, including outside standard business hours. The target market consists of individuals who:

have an urgent but defined cash need that cannot wait for standard processing timeframes;
have a clear and realistic short-to-medium term repayment plan aligned to their regular income cycle;
understand the cost structure of short-term credit and have considered alternative options; and
are using the product to address a temporary cash shortfall, not as an ongoing or recurring credit facility.

This product is likely NOT suitable for consumers who: have used short-term credit repeatedly over the past 12 months without improvement in their financial position, are unable to demonstrate a plausible repayment source, or who require a long-term credit solution.

3.4 Payday Loan ($500 – $5,000)

This product is a short-term credit facility intended to bridge a temporary gap between a consumer’s current cash position and their next income payment. The target market consists of individuals who:

are in paid employment or receipt of a regular, verifiable income;
need a small amount of credit urgently for a specific, identified purpose;
have a clear repayment plan tied to their next pay date or income receipt; and
understand and accept the higher cost structure associated with short-term credit products.

This product is likely NOT suitable for consumers who: are without regular income, are in persistent financial difficulty, require credit for ongoing living expenses over an extended period, or who have recently used multiple payday or short-term loan products without resolution of their underlying financial situation.

3.5 Car / Vehicle Loan ($8,000 – $30,000)

This secured product is designed for consumers or sole traders who require finance to purchase a personal or light commercial vehicle. A security interest over the vehicle is registered on the PPSR in accordance with the Personal Property Securities Act 2009 (Cth). The target market consists of individuals or sole traders who:

are purchasing a vehicle for personal, domestic, or small business use;
have stable income sufficient to meet estimated monthly repayments over a term of 12 to 36 months;
understand and accept that a security interest will be registered over the vehicle on the PPSR for the duration of the loan;
are able and willing to maintain comprehensive insurance over the vehicle throughout the loan term;
understand that failure to meet repayment obligations may result in repossession of the vehicle; and
will use the vehicle primarily for lawful personal or business transport purposes and not for commercial hire or ride-sharing services.

This product is likely NOT suitable for consumers who: are unable to maintain comprehensive vehicle insurance, intend to sell or transfer the vehicle during the loan term without consent, require the vehicle for commercial hire or ride-sharing purposes, or whose income is insufficient to sustain monthly repayments without hardship.

3.6 Business Loan — Unsecured ($5,000 – $250,000)

This product is designed for small to medium business operators who require working capital or growth funding without offering security. The target market consists of business operators who:

hold a valid Australian Business Number (ABN) and are actively trading;
have been in business for a sufficient period to demonstrate revenue through bank statements or financial records;
require capital for legitimate business purposes including operations, inventory, marketing, staffing, equipment, or cash flow management;
have the capacity to service the loan from business cash flows without jeopardising ongoing business viability; and
understand that this product is not regulated under the NCCP Act where it is wholly or predominantly for business purposes.

This product is likely NOT suitable for: sole traders or businesses whose primary income is insufficient to service repayments, businesses that are insolvent or in administration, or applicants seeking to use business loan funds for personal purposes.

3.7 Business Loan — Secured ($50,000 – $2,000,000)

This product is designed for established businesses requiring larger amounts of capital, backed by business assets or a personal guarantee. The target market consists of business operators who:

hold a valid ABN and have an established trading history with supporting financial documentation;
require substantial capital for significant business purposes such as expansion, major equipment acquisition, refinancing, or large project funding;
are able to offer acceptable security in the form of business assets, plant and equipment, or a director’s guarantee;
have demonstrable capacity to service the loan from business revenue over the agreed term; and
have sought or are willing to seek independent financial or legal advice in relation to the security being offered.

This product is likely NOT suitable for: newly established businesses without trading history, businesses unable to demonstrate serviceability, or applicants who do not have acceptable security to offer.

4. Consumer Objectives and Suitable Products

The following table summarises the consumer objectives most likely to be consistent with each product offered through our platform:

Consumer Objective	Suitable Product(s)
Fast access to emergency funds within 24–48 hours	Small Personal Loan, Cash Loan, Weekend Loan, Payday Loan
Bridging a short-term cash gap until next pay	Payday Loan, Weekend Loan
Larger personal expense with predictable repayments	Medium Personal Loan
Purchasing a car or vehicle for personal or business use	Car / Vehicle Loan
Business working capital or operational funding	Unsecured Business Loan
Significant business growth or asset acquisition	Secured Business Loan
Debt consolidation of existing personal debts	Small Personal Loan, Medium Personal Loan, Cash Loan

5. Distribution Conditions

Installment Loans distributes its credit products exclusively through its online platform at www.installmentloans.com.au. The following conditions apply to all distribution of products covered by this TMD.

5.1 Online Application Channel

All applications are submitted through our secure online application form. The platform is accessible to any eligible adult Australian resident and includes product information, fee disclosures, representative loan examples, and links to this TMD and our Credit Guide prior to any application being submitted.

5.2 Pre-Application Disclosures

Prior to submitting an application, all consumers are provided with:

a clear description of each loan product, including loan amounts, terms, and applicable fee structures;
representative loan examples calculated in accordance with the NCC;
a link to this TMD and to our Credit Guide;
responsible lending and financial hardship information; and
AFCA membership details and dispute resolution pathways.

5.3 Third-Party Distributor Obligations

Where third-party referral partners or affiliates introduce applicants to our platform, they are required to:

distribute our products only to consumers who fall within the target market described in this TMD;
not make representations inconsistent with this TMD or our Credit Guide;
report complaints and significant dealing information to us promptly; and
cease referrals if directed by us following a review trigger event.

6. Review Triggers

We will conduct an immediate review of this TMD upon the occurrence of any of the following events:

a material increase in complaints or disputes relating to product suitability or consumer harm;
evidence that a significant number of consumers outside the target market are applying for or receiving products;
changes to the regulatory framework governing consumer or business credit in Australia, including amendments to the NCCP Act, NCC, or ASIC regulatory guidance;
a product intervention order or enforceable undertaking issued by ASIC affecting any of our products or distribution practices;
a determination by AFCA or a court identifying a systemic issue with our distribution approach;
internal data indicating elevated rates of default, hardship applications, or repayment difficulty concentrated in a particular consumer segment; or
material changes to the terms, fees, or eligibility criteria of any product covered by this TMD.

7. Reporting Obligations

All distributors and referral partners are required to report to Installment Loans:

any complaint received in relation to a product described in this TMD, within 10 business days of receipt;
any significant dealing, including dealings with consumers who appear to fall outside the relevant target market, within 10 business days of becoming aware; and
a quarterly summary of referral volumes and any patterns identified that may be relevant to this TMD.

We will consolidate reporting from all distributors and incorporate findings into both scheduled and triggered TMD reviews.

8. Responsible Lending and AML/CTF Obligations

All credit provided through our platform is subject to the responsible lending obligations under the NCCP Act. We are required to:

make reasonable enquiries about each consumer’s financial situation, requirements, and objectives;
take reasonable steps to verify the information provided;
assess whether the proposed credit contract is not unsuitable for the consumer; and
provide the consumer with a copy of our Credit Guide and any applicable Credit Proposal Disclosure Document before the contract is entered into.

We also observe our obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (AML/CTF Act). This includes verifying the identity of applicants in accordance with our AML/CTF Program prior to providing credit. Identity verification may include:

government-issued photo identification (driver’s licence or passport);
verification of residential address;
where applicable, biometric or photographic identity confirmation; and
for non-citizen applicants, confirmation of visa status and validity.

9. Financial Hardship and Consumer Support

Consumers who are experiencing financial difficulty are encouraged to contact us directly as early as possible. We are committed to working with borrowers to find a fair resolution. Additional free support services available to consumers include:

Service	Contact
National Debt Helpline	1800 007 007 — ndh.org.au
MoneySmart (ASIC)	www.moneysmart.gov.au
AFCA	1800 931 678 — www.afca.org.au
ASIC	1300 300 630 — www.asic.gov.au

10. Contact Us

For any questions regarding this Target Market Determination, please contact us using the details below:

Contact Method	Details
Phone	0457 857 029
Email	loansinstallment@gmail.com
Website	www.installmentloans.com.au/contact
Address	8 Budawang Street, Parkinson QLD 4115
AFCA Membership	Member of AFCA — 1800 931 678

Disclaimer: This TMD has been prepared in good faith to meet our obligations under applicable Australian legislation. It does not constitute financial advice. Consumers should consider their own financial circumstances and seek independent financial advice where appropriate before applying for any credit product. This document is reviewed periodically and updated as required. Always refer to the current version published on our website.