Supporting Documents – My Next Loan
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What documents you need for your home loan application

Most lenders require similar support documents to approve a home or investment loan

Ok, we get it. Gathering supporting documents isn’t the most fun thing to do in your spare time! Australia’s Banking & Finance sector is highly regulated which mean that financial institutions must comply with responsible lending practices. To do this they must obtain from you certain documents to not only assess your application but to ensure they meet with industry compliance requirements.

However, we take a pro-active approach to make this process as quick and easy for you as possible.

We utilise the latest industry technology to provide you with a free and secure automated bank statements retrieval process which is now endorsed by the majority of financial institutions in Australia. Our customer’s often tell us how much they love this service as it saves them so much time and hassle.

When you are ready to apply for your loan we will send you a unique link which will allow you to complete your approval for your loan and account statements to be sent to us directly from your Bank. It will even take care of your recent Centrelink income statement should you also receive any parental or family tax benefits for example. Thirty seconds and you’re done!

Click here to read more about our automated bank statements retrieval process.

Our application process is also fully automated which means no paper forms to fill-in and complete!

Most lenders follow a similar process when it comes to approving loans so they generally require the same documentation. When the time comes we will let you know exactly what is required based on your circumstances but we have also put together a helpful general checklist covering the common items. It’s highly likely you will only need to provide some of the documents on this list but being prepared definitely helps us to help you as quickly as possible.

General Checklist

Below is a general checklist of some of the documents you may need depending on your situation. This is a broad list and so many will likely not apply to you.

Income details

  • The two most recent payslips from your employer. (Ideally, these will show the company name, number of payslips, and a year-to-date income figure).
  • The most recent PAYG payment summary (group certificate) from your employer.

If self-employed:

  • The last two year’s personal and business tax returns and ATO assessments.
  • Any other income details.

You may also need:

  • Rental income statements or bank accounts showing rental income for any investment properties.
  • Proof of share dividends or interest earned.
  • Centrelink letter confirming family tax benefits.
  • Centrelink letter confirming permanent government pensions.
  • Private pension group certificate or statement.
  • Proof of any other regular, ongoing income.

Personal identification

  • A current passport or birth certificate.
  • Drivers licence.
  • Other documents that will be useful: a Medicare card, credit card, ATM/debit card, council rates notice, pensioner concession card, health care card, tertiary student ID card.
Please note if any of these documents are in your maiden name, you will also need to provide a copy of your marriage certificate.

Additional documents you might need

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 and building insurance policy on the property or properties being offered as security.
  • Credit cards

    a) If you have credit card debt, statements for the last six months.

    b) If you don’t owe anything on your credit card, the most recent statement.

Additional documents for first home buyers

  • Statement for your First Home Saver Account, if you have one.
  • Statements for the last six 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 Statutory Declaration from the person giving you the money.
  • Your most recent credit card statement.
  • A copy of the Contract of Sale for the property being purchased.

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 Statutory Declaration from the person giving you the money.

Additional documents for investors

If you already have investment property/ies:
  • Evidence of income such as rental statements.
  • A copy of the tenancy lease.
  • A Council Rates Notice.
  • A copy of the Contract of Sale for the property being purchased.
  • A letter from a property manager indicating likely rent for the new property.

Additional documents for borrowers seeking a construction loan

  • A copy of a valid builder’s fixed price tender, including all specifications.
  • A copy of council approved plans.

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