Preparing your application

It is important that your application has written correctly, with the right documentation to support it. Check the documentation checklist & process guide.

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Important note — If an application is incomplete or missing details, you may be at risk of being declined by potential lenders and delay your approval. To ensure a smooth process, follow the checklist according to your loan type.

Step 1

Personal Information.

    • A current Passport or Birth Certificate

    • Driver’s License.

    • Marriage certificate (Circumstantial)

    • Other documents that will be useful: a Medicare card, Credit card, ATM/Debit card, Council Rates Notice, Pensioner Concession card, Health Care card, Tertiary Student ID card.

    • The two most recent payslips from your employer. This will shows: company name, number of pay-slip and year-to-date income figure).

    • The most recent Group Certificate from your employer.

  • If you are self-employed, you will need to organize alternative documentation to prove income such

    • Financial statements relating to the profit and loss of your business going back two years. 

    • The last two year’s personal and business tax returns and ATO assessments.

    • Other income details

    You may also need:

    • Rental income statements or bank accounts showing rental income for any investment properties

    • Proof of share dividends or interest earned

    • Centrelink letter confirming family tax benefits

    • Centrelink letter confirming permanent government pensions

    • Private pension group certificate or statement

    • Proof of any other regular, ongoing income.

Step 2

Additional Documentation

    • Documentation on your existing loan including the date the loan commenced, loan period and any financial penalty payable if you exit the loan early

    • Statements for the last six months for any existing home loans and personal loans

    • The most recent Council Rates Notice and building insurance policy on the property or properties being offered as security.

    Credit cards

    • Credit card debt, statements for the last six months, or the most recent statement.

    • Statements for the last six months for any existing home loans or personal loans

    • Statements for the last six months to show your savings/investment history. (This could include share certificates, savings account statements, term deposit statements, etc.)

    • Most recent credit card statement

    • Copy of the Contract of Sale for the property you’re buying

    Transfer of Funds

    • If other funds are being used for the purchase, evidence showing where the funds are held.

    • If other funds are being given to you, which are not already in your bank account, you will need a Statutory Declaration from the person giving you the money.

    • Statement for your First Home Saver Account, if you have one.

    • Statements for the last six months to show your savings/investment history. This could include share certificates, term deposit statements, etc.

    • If other funds are being used for the purchase, evidence showing where the funds are held.

    • If other funds are being given to you, which are not already in your bank account, you will need a Statutory Declaration from the person giving you the money.

    • Your most recent credit card statement.

    • Copy of the Contract of Sale for the property being purchased.

  • If owning investment property

    • Evidence of income such as rental statements.

    • A copy of the tenancy lease.

    • A Council Rates Notice.

    • A letter from a property manager indicating likely rent for the new property.

    • Statements for the last six months to show your savings/investment history. This could include share certificates, term deposit statements, etc.

    Transfer of funds

    • If other funds are being used for the purchase, evidence showing where the funds are held.

    • If other funds are being given to you, which are not already in your bank account, you will need a Statutory Declaration from the person giving you the money.

    • Your most recent credit card statement.

    • Copy of the Contract of Sale for the property being purchased.

    • A copy of a valid builder’s fixed price tender, including all specifications.

    • A copy of Council approved plans.

    • Statements for the last six months to show your savings/investment history. This could include share certificates, term deposit statements, etc.

    • If other funds are being used for the purchase, evidence showing where the funds are held.

    • If other funds are being given to you, which are not already in your bank account, you will need a Statutory Declaration from the person giving you the money.

    • Your most recent credit card statement.

    • Copy of the Contract of Sale for the property being purchased.

Ensuring a smooth application

Disclosing your debts

All forms debts that you may have needs to be disclosed within your application. Including documents that outline HECS debt, personal loans, credit card liability and any expenses relating to dependents. Failure to disclose this information, will likely result in your lender/bank declining your application.

Credit History

Lenders want to see proof that you are capable of managing the responsibility of the loan, through steady employment and a good credit history.

By having all of your documents organised and a saving and repayment plan documented, as well as evidence that you can commit to the plan, you will increase your chances of receiving the loan you are after, even if your credit history is not perfect.