Checklist of documents needed for a loan

Most lenders require the same documents to approve a loan. Make sure you bring the documents below to your meeting with us to help fast-track your loan application. This is a general checklist so some of the documents may not apply to you. We will confirm which documents you need.

Personal Identification

100 points of ID are required. A current Passport or Birth Certificate = 70 points. Drivers Licence = 40 points. (Please note if these documents are in your maiden name, you will also need to provide a copy of your Marriage Certificate.)
Other documents that help build up 100 points include: a Medicare card, Credit card, ATM/Debit card, Council Rates Notice, Pensioner Concession card, Health Care card, Tertiary Student ID card.

Income Details

The two most recent payslips from your employer. (Ideally these will show the company name, number of the payslip and the year-to-date income figure).
The most recent Group Certificate from your employer.

If neither of the above is not available, any one of the following

Employment letter;
Copy of employment contract; or
Three months of bank statements for the account your wages are deposited into

NOTE: If you are employed by a family business you will be required to supply the documents listed below that apply to self-employed applicants

If self employed:

The last two financial year’s personal and business (if applicable) tax returns and ATO Notices of Assessment.
Financial statements (profit & loss & balance sheets) that correspond with the supplied tax returns

NOTE: Sole Traders are only required to supply their personal tax returns and Notices of Assessment.

If the above documents are not available and you are applying for a 'low-doc' loan at least two of the following documents will be required

Six months business bank statements for the main trading account(s)
Business Activity Statements (BAS) for at least the past two quarters*
Accountants Letter confirming your income**

*some lenders may request a full years BAS statements
** Accountants Letter wording and format is subject to lender requirements and your broker can work with you and your accountant on the lender specific requirement

You may also need:

Rental income statements or a copy of a signed lease agreement for currently owned investment properties
Most recent full tax return and/or payment statements confirming dividend income
Centrelink letter confirming family tax benefits
Centrelink letter confirming permanent government pensions
Private pension group certificate or statement
Copy of court orders for Child Support payments made through the CSA
Proof of any other regular, ongoing income.

Additional documents for refinancing

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 on all currently owned properties within Australia

Credit cards:

If you have credit card debt, statements for the last three months.
If you don’t owe anything on your credit card, the most recent statement.

Additional documents if you already own a home

Statements for the last six months for any existing home loans or personal loans
Your most recent credit card statement
Copy of the Contract of Sale for the property you’re buying
Statements for the last six months to show your savings/investment history. (This could include share certificates, savings account statements, 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 letter from the provider of the funds, and in some instances a Statutory Declaration. This declaration must state that the funds are being given to you unconditionally and do not need to be repaid.

Additional documents for First Home Buyers

Statement for your First Home Saver Account, if you have one.
Statements for the last three 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 letter from the provider of the funds, and in some instances a Statutory Declaration. This declaration must state that the funds are being given to you unconditionally and do not need to be repaid.
Copy of the Contract of Sale for the property being purchased.
Certified copies of your Birth Certificate, Drivers licence or Passport and Marriage Certificate (if applicable)

Additional documents for investors

If you already have investment property/ies:

Recent Rental statements or a copy of the signed lease agreement
Recent Council Rates Notice.
Copy of the Contract of Sale for the property being purchased.
Letter from a local property manager indicating likely rent for the new property.

Additional documents for borrowers seeking a construction loan

Copy of a licensed builder’s fixed price tender, including all plans, specifications & list of inclusions
Quotes from professional tradesman and suppliers for any works not being completed by the builder. Common examples include Driveway, Landscaping, Fencing and Flooring
Copy of the fully signed and executed Building Contract (once available)
Council approved plans. (once available)