Applying for a home loan

A woman sits at a table, typing on her computer in the kitchen" width="" />

As a guide to the Bank Australia application, allow 15 minutes or so of preparation time, and another 10 minutes to complete the first part of the form.

From there, we call you once we have your form and may go through more questions with you – if there are any blanks, for example, and also if you have questions we can help you with. This step can take as little as 1 business day, noting that if application volumes are high, we may need 5 business days or more.

Buying – paperwork requirements

When you first apply, your paperwork doesn’t need to be ready to go just yet. But you will need to provide paperwork soon after our assessment – assuming your application is looking good on paper. If you get to this point, we’ll ask you for exactly what we need to see.

• Personal identification documents.
• Proof of employment and income such as payslips, tax returns or bank statements.
• Evidence of your cost of living, savings and your deposit, like bank statements
• Other documents related to your particular circumstances.

Refinancing – paperwork requirements

When refinancing your loan, you’ll need to provide us with the buying paperwork above and other documentation related to your property and current loan.

• Terms and conditions of your current loan.
• Property information to help with a valuation.