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Personal Loans
Documents Required When Applying for a Loan
To apply for a loan you will be required to provide us with the following documents:
All Loans
Identification
1 of the following documents
- Driver's 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
- Australina Taxation Office Notice
- Local Government or Utility Notice
Proof of Income
Wage and Salary earners
- A payslip that is no more than 4 weeks old covering at least 2 pay periods (eg. Year to Date) or where the payslip does not provide the required two pay periods, a minimum of 2 current consecutive payslips OR
- 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 6mths (eg. Latest Statement of Earnings or Current YTD figure)
Self Employed Applicants
- Personal tax returns plus your business entity's tax returns and financial statements for the two 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 6mths 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 12mths old)
* Where income is received for a serviced apartment or a holiday rental, evidence must cover the last 12mths
Evidence of Current Loans
- Documents confirming that any loans you currently have are up to date eg. Recent statement 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 eg. 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
- 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 (eg. adding to existing home or erecting a garage)
Car Loans
Private Purchases
- Current registration papers
- Vehicle inspection certificate required for loans in excess of $60,000
Car Yard Purchases
If you already own the Car
- Current registration papers
- Comprehensive insurance policy