Affordability & Creditworthiness Policy Template

  • 14-Page Policy Template Policy
  • Comply with the CONC 5 Rules
  • Includes Affordability Assessment (Excel)
  • Fully Customisable
  • Instant Download After Payment

£20.00 (ex vat)

Affordability & Creditworthiness Policy Template Overview

The Affordability & Creditworthiness Policy Template aids compliance with the FCA’s consumer credit lending requirements. This template is essential for those providing regulated credit agreements, loans and/or repayment plans. FCA handbook module CONC 5 states that a firm must establish, implement and maintain clear and effective policies and procedures in relation to creditworthiness assessments. The policy must be established in writing and be reviewed on a regular basis.

The template also includes an easy to use Excel based Affordability Assessment template. It is an FCA requirement that firms take steps to understanding a customers’ income and expenditure. This template enables you to calculate a disposable income and to demonstrate your commitment to treating customers fairly.

WHAT’S INCLUDED

  • Template Customisation Guidance
  • 14-Page Affordability & Creditworthiness Template
  • Affordability Assessment Template (Excel)
  • Policy Statement
  • Purpose & Scope
  • Affordability & Creditworthiness
  • Objectives
  • Procedures
  • Assessment Criteria
  • Affordability Assessments
  • Creditworthiness Assessment
  • Credit Checks
  • Income and Expenditure
  • Business Lending
  • Guarantors
  • Ongoing Monitoring
  • Credit Agreement Record
  • P2P Agreements
  • Mortgage & Home Finance Objectives
  • Responsibilities
  • Reference Policies
  • Affordability assessment calculator
  • Fully customisable policy template
  • Instant download after payment
  • Comply with the FCA’s CONC 5 rules
  • Demonstrate commitment to TCF
  • Easy to use & integrate
  • Developed by experts
  • Frequently reviewed & updated

Key Details

Comply with CONC 5 – Quickly assess affordability and verify creditworthiness with our templates. 

FCA Compliant – An essential policy template for any firm with CONC 5 obligations.

Assess Affordability Includes a simple affordability assessment calculator in an easy to use Excel format. 

Evidence Compliance – Use the finalised templates to demonstrate your compliance.

About the Affordability & Creditworthiness Policy Template

Affordability & Creditworthiness Policy Template IconComply with CONC 5

Quickly assess affordability and verify creditworthiness with our templates. 

Affordability & Creditworthiness Policy Template IconFCA Compliant

An essential policy template for any firm with CONC 5 obligations.

Affordability & Creditworthiness Policy Template IconAssess Affordability

Simple affordability assessment calculator in an easy to use Excel format. 

Affordability & Creditworthiness Policy Template IconEvidence Compliance

Use the finalised templates to demonstrate your compliance.

Market Leading Templates

Market Leading ComplianceThe team at Know Your Compliance Limited have been developing regulatory policies and documents for nearly 20 years. The knowledge and expertise that goes into our content speaks for itself. With over 6000 organisations using our documents, we are market leaders when it comes to compliance templates.

Support and Guidance

Staff SupportAll templates come with guidance for using and customising the content. We know purchasing templates online can be daunting, which is why we are here to help whenever you need us.

Cost Effective Compliance

Cost Effective ComplianceOur customers range from multi-national organisations and public bodies, through to sole traders. We keep our prices low so that our products are affordable for everyone. Quality you can trust at prices you can afford!

Key TEMPLATE Details

  • Affordability assessment calculator
  • Fully customisable policy template
  • Instant download after payment
  • Comply with the FCA’s CONC 5 rules
  • Demonstrate commitment to TCF
  • Easy to use & integrate

Why Choose Us?

  • Affordable templates & toolkits
  • Used by over 6,000 organisations
  • Developed by experts with 20+ years experience
  • Compliant, professional documents
  • Frequently reviewed & updated
  • Know Your Compliance Limited has been operating for nearly 10 years

What’s Included?

  • Template Customisation Guidance
  • 14-Page Affordability & Creditworthiness Template
  • Affordability Assessment Calculator (Excel)

Table of Contents for the Affordability & Creditworthiness Policy Template

  • Policy Statement
  • Purpose & Scope
  • Affordability & Creditworthiness
  • Objectives
  • Procedures
  • Assessment Criteria
  • Affordability Assessments
  • Creditworthiness Assessment
  • Credit Checks
  • Income and Expenditure
  • Business Lending
  • Guarantors
  • Ongoing Monitoring
  • Credit Agreement Record
  • P2P Agreements
  • Mortgage & Home Finance Objectives
  • Responsibilities
  • Reference Policies

Frequently Asked Questions

Can The Documents be Customised?

All our templates and policies are fully customisable and we encourage you to edit the content to suit your industry and business type. Much of the content is ready to use, but an effective policy should accurately reflect what your business does. Therefore, you should customise the content to mirror your business processes and obligations.

What Format are the Documents in?

The templates are developed in Microsoft Office Word and are fully customisable and ready for corporate branding. They are compatible with most text editing software. Checklists and assessment templates are provided in an Excel format.

Are the Documents Suitable for my Business?

The content has been developed using the relevant standards, regulations and legislation. Therefore, our templates, manuals and toolkits are suitable for any industry and business type. We encourage you to customise the content to suit your sector and obligations and provide guidance where you are required to add your own content.

Are the Templates an 'Off the Shelf' Solution?

Every business is different and compliance documents need to reflect that. Whilst our templates and toolkits go a long way toward making you compliant, many of our documents do require some customisation to ensure that they are relevant and compliant. It is important that each document accurately demonstrates what your business does and how it does it.

The level of customisation required for each document will depend upon factors such as your size, scope and current compliance program. However, we are always on hand to answer any questions you may have and provide unlimited email support.

How Can I Access My Order?

All materials and templates are available to download immediately after purchase via the website. Once you have completed your payment online, you will be redirected to our order page where you can download your ordered document(s). We also send you an automated confirmation email which contains a copy of your download link. BACS orders are processed within 24hrs of payment being received.

Why Should I Buy From Know Your Compliance Limited

At Know Your Compliance Limited we are passionate about regulatory compliance! Our team has over 20 years experience and expertise in regulatory compliance and policy development. Serving a wide range of industries and business types, over 6000 organisations already use our templates and toolkits. We have delivered professional, compliant templates to hundreds of industries; including accountants, tax advisors, education and healthcare sectors, the NHS, Government departments, finance and credit, recruitment, charities, banks, estate agents and thousands of SME’s and sole traders.many more.

We offer a large library of templates for regulatory policies, procedures, checklists, toolkits, manuals and training packages. Utilising Microsoft Office for compatibility and easy customisation, we provide editing and usage guidance with all templates. When paying by credit/debit card, all documents are available to download instantly and come with the first annual update included in the price.

Do You Offer Refunds?

As our materials, packages and templates are downloaded digitally, they cannot be physically returned once purchased. For this reason we do not offer any refunds, however we do provide extensive information about each product on the relevant product page so that you know what you are getting before you buy. Please refer to our Terms and Conditions for further information.

If you have any questions about our templates, toolkits or training materials before or after purchase, please contact us at info@knowyourcompliance.com and we will be only too happy to assist you.

Can I Use the Templates With My Clients?

Documents are for use within the purchasing company only. However, we offer our  Consultant Licence Scheme which enables individuals and businesses to utilise our policies and toolkits as part of their own service provision. More importantly, it means consultants, training providers and specialists don’t need to spent their time writing policy templates and reinventing the wheel!

If you are interested in using our templates as part of your service provision, please contact us at info@knowyourcompliance.com and we will be happy to assist you.

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