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What documents do I need for a home loan?

Borrowers need pay slips, bank statements, identification documents and evidence of their debts and assets.

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If you’re trying to get a home loan, you can speed up the process by having everything organised before you apply. This means making sure you have all your supporting documents in order, from proof of identity to payslips, bank statements and details about the property you're buying.

Here's a quick rundown of the documents most borrowers need:

  • Identification documents so your lender can verify your identity.
  • Income documents so your lender knows you have enough income to repay the loan.
  • Information about your assets and liabilities including savings, existing loans, credit cards and your investments.
  • Property details including an address and a contract of sale.
  • Supporting documents for first home buyers, investors and refinancers.

This guide will help you put together your supporting documents and get your home loan application sorted as quickly as possible.

Identification documents

Any lender you go through will have identification requirements. This means you’ll have to provide 100 points of ID in the form of either two primary identification documents or one primary and one or more secondary identification documents. The tables below outline what documents are considered primary and secondary options, and how many points they are worth.

Primary identification documents

Primary documentsPoints
Birth certificate70 points
Name change certificate70 points
Current passport70 points
Expired passport that was not cancelled and was current within the preceding two years70 points
Citizenship certificates70 points
Diplomatic documents and official documents issued to refugees70 points

Secondary identification documents

Secondary documentsPoints
Driver’s licence40 points
State or Territory issued photo ID card40 points
Photo ID issued by tertiary education institute40 points
Photo card issued by banking institution where you have been a customer for at least 12 months40 points
Public service ID card including your photo and signature40 points
Licence or permit issued by State, Territory or Commonwealth government, such as a boating licence40 points
Letter confirming your identity from referee you’ve known for at least 12 months40 points
Mortgage documents35 points
Council rates notice35 points
Credit card statement25 points
Foreign driver’s licence25 points
Medicare card25 points
Credit card (must have name and signature)25 points
Utility bill with name and current address25 points
EFTPOS card (must have name and signature)25 points

If you can’t produce 100 points of identification using the documents above, talk to your lender or mortgage broker as there might be other forms of documentation you can use.

There are also some scenarios where you may not need to provide identification documents. For example, if you’re applying for a home loan from a lender with which you already have a transaction account, personal loan, savings account or other products, you will have already gone through the identification process and may not have to do it again.

Alternative ID verification

Some lenders may use an identity verification service instead of requiring you to submit documents. Identity verification services like ZipID will send someone to you and they will check your ID (a passport or driver's license) and have you sign a form. It's a simple process and only takes a few minutes.

Proof of income

You can prove your income in different ways depending on your employment circumstances. If you’re a PAYG employee, the process is relatively straightforward. If you’re a casual worker or are self-employed, however, you might need a different set of documents.

PAYG employees

As a PAYG employee, you’ll have to provide a recent payslip (in most cases no older than two months) stating your year-to-date (YTD) income. Some lenders might ask for multiple payslips, so check each individual lender’s requirements. If you can’t track down your recent payslips, most lenders will also accept the past three months’ worth of bank statements showing your salary going into your account. Some lenders will also accept an employment contract and letter from your employer stating your current base wage, or a tax return that’s prepared by a tax agent.

Casual workers

If you’re a casual worker, you’ll need to provide last financial year’s notice of assessment from the ATO.

Self-employed

Self-employed borrowers generally need to seek out low documentation, or low doc, loans. This term can be somewhat misleading, as the amount of documentation you need is not generally less than with traditional home loans. You just need to produce different documentation. Instead of PAYG statements, you can provide your lender with your most recent notice of assessment from the ATO.

Lenders will also want to see tax agent prepared business and individual tax returns from the last financial year. Some lenders might also accept a letter from your accountant or a Business Activity Statement (BAS).

Multiple incomes

If you have multiple forms of income, you’ll have to provide documentation for each source. The type of documentation required will depend upon the type of income.

  • Rental income. This can either be current income or, if you’re buying an investment property, proposed rental income. If you want existing rental income to be considered on your loan application, you’ll need a current lease agreement, a current bank statement showing identifiable rent payments for the past three months. If you’re listing proposed rental income, you’ll need a statement from a property manager or real estate agent giving details about the property and its proposed rental income.
  • Shares. Shares can also be included as income in your loan application. You’ll need your shareholding statement, a letter from your financial planner, a recent bank statement showing direct credits from your investment, or your most recent tax return.
  • Centrelink income. Some Centrelink benefits can be considered as income on a loan application. For a full rundown of the benefits you might be able to list as income, check out our guide. To document Centrelink income, you’ll need a current Centrelink statement or a recent bank statement clearly showing direct credits from Centrelink into your account.

Assets and liabilities

A lender will not only want to see your income, but also your assets and liabilities in order to assess your full financial position. This will give them a better idea of whether or not you’re a credit risk. Put simply, assets are anything you own, while liabilities are anything you owe.

  • Assets

Assets could be other properties, vehicles, term deposits or high interest savings accounts. You’ll need to provide documentation, such as your vehicle registration or any relevant bank statements, for each asset you list on your application.

Details about your assets are important because lenders want to see that you have enough money for a deposit and have a history of genuine savings. You’ll also need to provide your potential lender with bank statements if your savings account is with a different financial institution.

  • Liabilities

Liabilities are any outstanding debts or ongoing payments for products such as personal loans, vehicle loans, credit cards or store cards. You’ll need to bring statements that show the current outstanding balance for each liability. For credit cards and store cards, you can provide your most recent statement. For loans, you should provide your last three statements.

Property details

If you're buying a home or an investment property your lender needs the property address to process the application. You will also need:

  • A contract of sale. This is the contract between you as the buyer and the vendor selling the property. In most transactions the real estate agent sends you this and you sign it before the home loan application (ideally, after having a conveyancer look it over)
  • A certificate of currency. The certificate of currency is a document that proves you have the necessary home insurance covering the property. This is something a lender requires. If the property is a townhouse or apartment then you will have strata insurance.

If you're a refinancer, the lender will also want to see a certificate of currency. The lender may also require a recent council rates notice.

Extra documents for first home buyers and investors

First home buyers

As a first home buyer you may be eligible for first home owner grants or concessions. This may not require documents from you, but it's something your lender and conveyancer need to know. The lender usually lodges a grant application form on your behalf.

If you are buying a home with a parental guarantor then you need to provide extra documents. This includes information about the guarantor's assets and liabilities, including credit card and loan account statements.

As a first home buyer you may have to sign a statutory declaration if you're taking advantage of the First Home Loan Deposit Scheme or declaring that money in your account has been gifted to you by a family member.

Refinancers

If you're refinancing your existing mortgage with a new lender you will obviously need to provide details about that loan. You'll also need to provide all the documentation mentioned above to establish your income, assets and debts. This is because your new lender can't simply take your current loan as proof you can handle the new one. It needs to verify your current financial situation.

Investors

Investors need to support their loan application with extra documents such as:

  • A copy of any current tenancy agreements for the property.
  • Proof of recent rental income (if the property currently has tenants)

Compare home loans or speak to a broker

1 - 20 of 22
$
years
Name Product Interest Rate (p.a.) Comp. Rate p.a. Fees Monthly Payment

loans.com.au Smart Booster Discount Variable Home Loan P&IHome≥ 20% Deposit

loans.com.au Smart Booster Discount Variable Home Loan
2.60%
2.96%
  • App: $0
  • Ongoing: $0 p.a.
$602
Get a low discounted variable rate loan. Requires a 20% deposit. Get your loan processed fast and settle within 30 days.

Unloan Variable Home Loan P&IHome≥ 20% Deposit Refinancers only

Unloan Variable Home Loan
2.64%
2.56%
  • App: $0
  • Ongoing: $0 p.a.
$605
A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.

Ubank Neat Variable Home Loan P&IHome≥ 40% Deposit

Ubank Neat Variable Home Loan
2.64%
2.65%
  • App: $0
  • Ongoing: $0 p.a.
$605
Get flexibility and the option to make unlimited extra repayments with this variable rate loan.

IMB Budget Home Loan P&IHome≥ 20% Deposit

IMB Budget Home Loan
2.84%
2.85%
  • App: $449
  • Ongoing: $0 p.a.
$621
A low-rate, no-frills home loan for borrowers with a good deposit and unrestricted repayments. $0 application fee for eligible borrowers with principal-and-interest repayments and deposits of at least 20%.

Macquarie Bank Basic Home Loan P&IHome≥ 40% Deposit

Macquarie Bank Basic Home Loan
2.84%
2.84%
  • App: $0
  • Ongoing: $0 p.a.
$621
This flexible variable rate loan requires a 40% deposit or equity. Get fast online approval and $0 application fee and $0 ongoing fees.

HSBC Home Value Loan P&IHome≥ 30% Deposit

HSBC Home Value Loan
2.77%
2.78%
  • App: $0
  • Ongoing: $0 p.a.
$616
$3,288 refinance cashback offer
This competitive variable rate loan is available for borrowers with 30% deposits. Eligible refinancers borrowing $250,000 or more can get a $3,288 cashback. Terms and conditions apply.

Greater Bank Great Rate Discount Variable with Family Pledge Home Loan P&IHome≥ -10% Deposit

Greater Bank Great Rate Discount Variable with Family Pledge Home Loan
2.79%
2.80%
  • App: $0
  • Ongoing: $0 p.a.
$617
Pay no deposit or LMI and get a discounted rate with this family pledge loan. Requires a family member to act as guarantor. NSW, QLD and ACT only.

Newcastle Permanent Building Society Real Deal Home Loan P&IHome≥ 20% Deposit

Newcastle Permanent Building Society Real Deal Home Loan
2.87%
2.91%
  • App: $595
  • Ongoing: $0 p.a.
$624
Get up to $3,000 refinance cashback when your LVR is 90% or lower ($2,000 cashback for loan amounts of $250K+ and above, $3,000 for $500K+). Other conditions apply. This variable rate loan requires a 20% deposit and has an offset account.

loans.com.au Smart Booster Discount Variable Home Loan P&IHome≥ 20% Deposit

loans.com.au Smart Booster Discount Variable Home Loan
2.74%
3.22%
  • App: $0
  • Ongoing: $0 p.a.
$613
Home buyers can get a very low discounted variable rate for the first year. Requires a 20% deposit. Add an offset sub-account for an additional 0.10% on your interest rate. Get your loan processed fast and settle within 30 days.

Unloan Variable Home Loan P&IInvestment≥ 20% Deposit Refinancers only

Unloan Variable Home Loan
2.94%
2.86%
  • App: $0
  • Ongoing: $0 p.a.
$629
Investors can get a low variable rate. Apply online and get fast approval. Backed by the Commonwealth Bank.

Ubank Neat Variable Home Loan P&IHome≥ 20% Deposit

Ubank Neat Variable Home Loan
2.84%
2.86%
  • App: $0
  • Ongoing: $0 p.a.
$621
A competitive variable rate loan that comes with a 100% offset account. 20% deposit required.

Macquarie Bank Basic Fixed Home Loan P&IHome 3Y Fixed≥ 30% Deposit

Macquarie Bank Basic Fixed Home Loan
6.05%
3.65%
  • App: $0
  • Ongoing: $0 p.a.
$906
Get a variable rate mortgage with flexible, basic features. $0 application fee and $0 ongoing fees. Requires a 30% deposit. Apply online and get fast approval.

OneTwo Variable Rate Home Loan P&IHome≥ 20% Deposit Refi Only

OneTwo Variable Rate Home Loan
2.59%
2.49%
  • App: $0
  • Ongoing: $0 per month
$601
$5,000 refinance cashback.
A variable rate loan for owner-occupier refinancers living in NSW, VIC, QLD or SA metro and inner regional areas. Get an extra 0.15% off your rate as you repay the loan and get up to $2,500 in bonus payments.

Newcastle Permanent Building Society Real Deal Home Loan P&IInvestment≥ 20% Deposit

Newcastle Permanent Building Society Real Deal Home Loan
3.07%
3.11%
  • App: $595
  • Ongoing: $0 p.a.
$640
A competitive variable rate investor loan. 20% deposit required. Get up to $3,000 refinance cashback when your LVR is 90% or lower ($2,000 cashback for loan amounts of $250K+ and above, $3,000 for $500K+). Other conditions apply.

Newcastle Permanent Building Society Fixed Rate Home Loan P&IHome 2Y Fixed≥ 20% Deposit

Newcastle Permanent Building Society Fixed Rate Home Loan
4.39%
4.93%
  • App: $0
  • Ongoing: $0 p.a.
$752
Owner-occupiers can lock in this rate for 2 years with no ongoing fees. Get up to $3,000 refinance cashback when your LVR is 90% or lower ($2,000 cashback for loan amounts of $250K+ and above, $3,000 for $500K+). Other conditions apply.

HSBC Home Value Loan P&IInvestment≥ 30% Deposit

HSBC Home Value Loan
2.92%
2.93%
  • App: $0
  • Ongoing: $0 p.a.
$628
$3,288 refinance cashback offer
This variable rate loan is available for property investors with 30% deposits. This loan has very few fees. Eligible refinancers borrowing $250,000 or more can get a $3,288 cashback. Terms and conditions apply.

loans.com.au Green Home Loan P&IHome≥ 10% Deposit

loans.com.au Green Home Loan
2.63%
3.05%
  • App: $0
  • Ongoing: $0 p.a.
$604
This loan is only available for borrowers buying a property with a NatHERS energy efficiency rating of 7.0 or higher. Buying a green home? Get a competitive, discounted variable rate and borrow up to 90%.

Macquarie Bank Offset Home Loan Package P&IHome≥ 40% Deposit

Macquarie Bank Offset Home Loan Package
2.84%
3.11%
  • App: $0
  • Ongoing: $248 p.a.
$621
A variable rate loan for borrowers with 40% deposits or refinancers with equity in their properties. This loan has an offset account. Fast online application. $0 application fee and $0 ongoing fees.

Macquarie Bank Basic Fixed Home Loan P&IHome 3Y Fixed≥ 20% Deposit

Macquarie Bank Basic Fixed Home Loan
6.09%
3.70%
  • App: $0
  • Ongoing: $0 p.a.
$909
Basic fixed rate home loan. Fast online application. $0 application fee and $0 ongoing fees.

HSBC Home Value Loan P&IHome≥ 10% Deposit

HSBC Home Value Loan
2.87%
2.88%
  • App: $0
  • Ongoing: $0 p.a.
$624
$3,288 refinance cashback offer
A competitive value home loan with no ongoing fee. Eligible refinancers borrowing $250,000 or more can get a $3,288 cashback. Terms and conditions apply.
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