Loan Document Checklist

Every borrower wants their loan application processed quickly. So to help speed things up, here’s a helpful checklist of documents that lenders typically ask for. This is a general checklist, so when you meet with a Professionals Finance broker they’ll confirm the specific documents you’ll need.

Personal identification

  • 100 points of ID are required. A current Passport or Birth Certificate = 70 points. Drivers Licence = 40 points. (Please note if these documents are in your maiden name, you will also need to provide a copy of your Marriage Certificate.)
  • Other documents that help build up 100 points include: a Medicare card, Credit card, ATM/Debit card, Council Rates Notice, Pensioner Concession card, Health Care card, Tertiary Student ID card
  • The two most recent payslips from your employer. (Ideally these will show the company name, number of payslip and year-to-date income figure)
  • The most recent 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 or assets

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

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 or term deposit statements
  • 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
  • Copy of the Contract of Sale for the property being purchased

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:
    • If you have credit card debt, statements for the last six months
    • If you don’t owe anything on your credit card, the most recent statement

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 you already have investment property/ies:

  • Evidence of income such as rental statements
  • A copy of the tenancy lease
  • A Council Rates Notice
  • 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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