Documents required when applying for a loan

To apply for a loan you will be required to provide us with the following documents as a minimum:

Identification

Category 1

One of the following documents:

  • Drivers License
  • Passport/International Travel Document
  • Proof of Age Card/Birth Card from Births, Deaths & Marriages (includes photo and signature)

Or a combination of a Category 2 plus a Category 3 document

Category 2

  • Birth Certificate or Extract
  • Citizenship Certificate
  • Pension Card

Category 3

  • Government Financial Benefits Notice
  • Australian Taxation Office Notice
  • Local Government or Utility Notice

Proof of Income

Wage and Salary earners

  • The most recent Statement of Earnings or Tax Assessment Notice plus one of the following:
  • A payslip that is no more than 4 weeks old covering at least 2 pay periods (e.g. Year to Date) or where the payslip does not provide the required two pay periods, a minimum of 2 current consecutive payslips
  • A current letter from your employer on their letterhead & signed stating your gross income, length of employment and employment status together with your most recent Statement of Earnings from that employer.
  • Where overtime or allowances are included in your regular income, confirmation that it has been consistent for at least 6 months (e.g. Latest Statement of Earnings or Current YTD figure)
  • If employed on a casual, seasonal or short term contract (less than 12 months) confirmation that income is consistent (e.g. Latest Statement of Earnings or Current YTD figure)

Self Employed Applicants

  • Personal tax returns plus your business entity's tax returns, financial statements and the corresponding Statement of Earnings (Tax Assessment Notice) for the 2 most recent financial years

Family Tax Benefit

  • Statement of income/letter from Centrelink, no more than 4 weeks old, showing the type of benefit received and the information used by Centrelink to calculate the payment

Child Support

  • A copy of your latest assessment form provided by the Child Support Agency and 6 months payments evidenced via savings statements

Rental Income*

  • A current letter or statement from the Managing Real Estate Agent OR
  • A current letter from a real estate agent stating a fair and reasonable rental estimate OR
  • Latest taxation evidence of rent currently being earned (must be less than 12 months old)

* Where income is received for a serviced apartment or a holiday rental, evidence must cover the last 12 months

Evidence of Current Loans

  • Documents confirming that any loans you currently have are up to date (e.g. recent statements showing name, account number, monthly repayment, credits, debits & loan balance)
  • Most recent statement for credit/store cards and interest free loans

Assets

  • Real Estate - Land Rates Notice, Water Rates Notice or Title Deed
  • Motor Vehicles - Registration Papers or receipt of recent purchase
  • Savings or Shares - Copy of the latest statement or Holding Certificate
  • Superannuation - Confirmation of any unrestricted non-preserved portion

Residential Status

  • Home Owner/Buyer - Copy of latest Land Rates Notice, Water Rates Notice or Title Deed
  • Home Renter - Evidence of the total amount of rent and that it is paid up to date (e.g. copy of rent receipt)
  • Boarder - Letter from parent or guardian confirming residency status

Refinance and Consolidation Loans

  • Statements for the last 6 months for home loans being refinanced
  • Statements for the last 3mths for personal/consumer loans
  • Most recent statement for credit/store cards and interest free loans
  • Evidence that council rates, water rates and body corporate levies (if applicable) are paid up to date
  • A current House Insurance Policy (if your home is being used to secure the loan)
  • A copy of your previous loan contract or facility agreement (if you are claiming a stamp duty exemption on a mortgage loan)

Property Purchases

  • Evidence of your deposit
  • 6 months of savings account statements or
  • Proceeds of sale letter from your Solicitor or
  • A statutory declaration for any gifts being provided to you
  • A certified copy of the contract for sale

Construction Loans

  • Copy of fixed price building contract
  • Council approved plans and specifications

Home Improvements

  • Quotes for any work being completed
  • Copy of quotes and council approved plans of any structural improvements (e.g. adding to existing home or erecting a garage)

New Boat, Caravan or Motor Cycle, New or Used Car Loans

Private Purchases (Cars Only)

  • Current registration papers
  • Vehicle inspection certificate required for loans in excess of $60,000

Dealer Purchases

  • Dealer's invoice

If You Already Own the Car

  • Current registration papers
  • Comprehensive insurance policy