What you need to apply
Applying for a loan and not sure what information you will need? Here's a list to save you time when applying.
Buying real estate
1. Proof of your income.
Your two latest pay slips showing year to date gross income and last year's payment summary (Group Certificate) or your most recent tax assessment. If you are self-employed, submit a copy of your two latest tax returns, as well as profit and loss statements for the past two years, and your most recent tax assessment.
2. Proof of your savings.
Account statements and passbooks.
3. Records of what you own.
Include an estimate of the value of any investments or other assets you may have, including things like furniture, leisure items, vehicles, superannuation, etc.
4. Records of what you owe.
Include credit cards, store charge cards, other loans and other debts.
5. A copy of the contract of sale.
6. A copy of the receipt you received when you paid your deposit.
If you are building a new home, in addition to those things outlined previously, you will also need to provide:
7. A copy of your building specifications.
Refinancing a loan
1. Proof of your income.
Your two latest pay slips showing year to date gross income and last year's payment summary (Group Certificate) or your most recent tax assessment. If you are self-employed, submit a copy of your two latest tax returns, as well as profit and loss statements for the past two years, and your most recent tax assessment.
2. Proof of your savings.
Account statements and passbooks.
3. Records of what you own.
Include an estimate of the value of any investments or other assets you may have, including things like furniture, leisure items, vehicles, superannuation, etc.
4. Records of what you owe.
Include credit cards, store charge cards, other loans and other debts.
5. The last 6 months statements for your home loan from the financial institution at which you currently have your loan.
6. A rates notice.
