What you need to apply

To speed up your application, make sure you have the necessary documents on hand when applying for your mortgage or investment loan - you can fax, email or post these documents to us.

Due to the Government's Consumer Credit Code requirements borrowers must supply certain documents when applying for a loan. These are specified below.

I am a…

PAYG Applicant:

Required:

2 pay slips required for each PAYG applicant (one no more than 1 month old)
Latest group certificate OR latest tax return OR latest tax assessment
100 point identity check
Letter from employer confirming superannuation salary sacrifice and/or fully maintained vehicle (if applicable)

Self-Employed/Company/Trusts Applicant:

Required:

Financials (eg. profit & loss statement and balance sheet)
Tax returns for the business in last 2 years (the latest cannot be more than 18 months old)
Personal tax return for the last two years
100 point identity check

May be required:

Interim financials/BAS Statements
Last 3 months bank statements of business working accounts

Trust applicants:

Copies of the trust deed

Company applicants:

Copy of company constitution

My Loan will be used for…

Refinancing:

Required:

6 months bank statements for home loan to be refinanced (to show you have a good repayment history)
Last three months worth of statements required for each credit card being refinanced.
Last six months worth of statements for any personal loans and other unsecured loans being refinanced.
Latest council rates notice
100 point identity check

May be required:

Latest water rates notice and/or body corporate levies

Property purchase:

Required:

First two pages of the contract of sale
A Statutory Declaration stating that a gift or any other contribution you have received is not repayable, and evidence that the funds for the gift/contribution exists eg. Statements.
If the LVR < 80%: Latest bank statements to confirm that you currently hold the funds for the deposit
If the LVR between 80%-90%: You will need to provide proof that you have genuinely saved a minimum of 5% of the purchase price.

How to provide proof of genuine savings:

At a minimum, 3 months financial records need to be provided evidencing genuine savings.

At least 5% of the purchase price must be shown to be held at the end of a 3 month period. Depending on the records provided and how the 5% balance has been accumulated, some deposit amounts may need to be held for a full 3 month period in order to support the application, and in some situations, for up to 6 months.

Genuine savings can also be formed from equity in a residential property, and shares held for no less than three months.

Saving for your deposit:

If you're borrowing up to 90%, you will need at least a 10% deposit. This 10% must include at least 5% genuine savings. The remainder of your deposit can be formed of 'non-genuine savings', which include:

Gift or inheritance only
Sale of assets e.g. motor vehicle
First Home Owners Grant (FHOG)
Funds held in a company / business account
Personal loan proceeds