What do I need to supply for a loan application?

Documents required for any loan application, really depends on each individual’s circumstances, but at least this will give you a guide of where to start.

100 POINTS OF IDENTIFICATION

  • 70 points of I.D (No more than one of these can be used): Birth Certificate, Citizenship Certificate, Australian Passport (can be used even if expired for < 2 years) or a Foreign Passport
  • 40 points of I.D: Drivers Licence (front and back), Student I.D, Proof of Age Card, Pension Card, Concession Card or a  Health Care Card
  • 35 points of I.D: Rates Notice (Can be used only if it’s not in arrears)
  • 25 points of I.D: Electricity/Gas/Water/Phone Bill, Medicare Card, or a Marriage Certificate

If any of the identification you supply has a different surname/maiden name on it than what will be stated on your loan application form then provide a copy of your marriage certificate also

INCOME

  • Your 2 most recent & consecutive pay slips (the recent one to be less than 4 weeks old, and as a minimum it must show your employer’s name on it, their ABN and your own name)
  • If you have a salary packaging arrangement, please provide evidence of the arrangement
  • If you have a company car that is fully maintained by your employer, provide a signed letter from your employer on their letterhead detailing the company car arrangement
  • Your most recent “PAYG Payment Summary”
  • All the pages of your latest “Tax Notice of Assessment” issued by the Australian Taxation Office
  • If you receive a Centrelink allowance, then a copy of all the pages of your most recent Centrelink statement
  • Proof of rental income: Copy of current lease agreement, OR last 3 months of rental income statements, OR a letter from the real estate office which is less than 6 weeks old confirming the amount of rental income
  • (If applicable) Child support agency letter

If you are self-employed:

  • All the pages of your last two years tax returns and financial statements (for Partnerships, Companies & Trusts)
  • All the pages of your last two years personal tax returns
  • All the pages of your most recent “Tax Notice of Assessment

SAVINGS / PROOF OF FUNDS TO COMPLETE SETTLEMENT

  • (Where your ‘deposit’ is held), all the pages of your last 3 months official savings account statement plus an internet printout of transactions on that account commencing from the end date on your last statement up to today’s date (make sure your name and account number is printed on any online statement and it shows the running balance next to each entry)
  • Stat dec from the giftor stating their relationship to you, the amount of funds they want to gift you, that it is non-repayable, and it is for the purchase of a property

LIABILITIES

  • If we are refinancing your home loan debt then provide all the pages of your last 6 months official home loan statement plus an internet printout of the transactions on that account commencing from the end date on your last statement up to today’s date (make sure your name and account number is printed on any online statement and it shows the running balance next to each entry)
  • If you want to consolidate any of your credit card debt then provide all the pages of your last three months credit card statements for each credit card
  • If you want to consolidate any of your personal loan debt then provide all the pages of your last six months official personal loan statement plus an internet printout of the transactions on that account commencing from the end date on your last statement up to today’s date (make sure your name and account number is printed on any online statement and it shows the running balance next to each entry)
  • Confirm your current HECS/HELP outstanding balance
  • Proof of rent expense: Recent one month transaction statement showing a clear narrative of your rent expense, OR letter from the real estate agent, OR current lease agreement

ASSETS

  • Your Annual rates notice on all properties that you own
  • Find out what your approximate superannuation balance is and with which Provider it is with

PURCHASES

  • A full copy of your fully signed contract of sale
  • A receipt copy of any deposit you’ve already paid

FOR REFINANCING

  • Sign your current lender’s “Discharge Authority Form” (We’ll complete the rest of the form for you)

About the author

Matt Carra

Matt Carra

Matt Carra is the Owner of Blue Key Finance, a Finance Broker since 2004, an SMSF Lending Specialist, a Property Investment Educator, and a Mentor to new Finance Brokers entering the finance industry. Matt is passionate about providing valuable guidance and honest advice, educating Australians on how to buy their first homes and invest successfully while protecting them with knowledge. Matt has strong long-term relationships with his panel of lenders and extensive knowledge on their credit policies, and utilises that skillset to give you peace of mind by recommending you to the right lender the first time, to negotiate a better deal, and to fight for your cause – that’s Matt’s commitment to you. Contact Matt today to start the conversation on 03 9700 7033 or email matt.carra@bluekeyfinance.com.au