Home loan application checklist

Prepare to apply with this home loan application checklist

Ready to complete your home loan application? Our handy checklist can help you make sure you have all the right documents to provide when you complete your home loan application. Bear in mind that this checklist is only meant as a guideline and all of the points may not apply to you. And of course, if you need additional information we’re always here to help. We may also ask you to provide additional information.

Savings history

You may need to provide us with a copy of your passbook or all statements of your savings account(s) held with other banks or financial institutions - covering a period of the last three months.

Proof of income

You will need to provide us with the following documentation for proof of income to support your application:

Salary/wage earner

Your last two consecutive payslips which contain the following:

Details of each component of your income
Current and year to date gross and net income
Your name and your employer’s name.

Or alternatively

Any two of:

Salary /employment letter from your current employer confirming length of employment, your gross basic wage together with any other components relating to your salary
Most recent employment contract which identifies your name, employer’s name and gross basic wage together with any other components relating to your salary
Latest payment summary/group certificate, tax assessment notice or tax return
Evidence of consistent income amount regularly deposited to your bank account
Latest payslip which identifies your name, employer’s name and your gross and net income.

Self-employed

You will need to provide us with copies of your personal income tax returns and full financial statements for the past 2 years, and the most recent financial year’s Assessment Notice, which is nolder than 18 months at the date of application.

Rental Properties

If you are purchasing a rental property , provide us with a letter from a real estate agent indicating the anticipated rental income. If you have a property which is already tenanted, you will need to provide us with a copy the current Residential Tenancy agreement and recent bank statements showing rent payments or a rental statement from the managing real estate agent.

Centrelink Payments

A letter from Centrelink (or Department of Social Security, or equivalent) detailing current entitlements.

Commission/bonuses

Details from your employer or payments received over the last two years, plus copies of your tax returns for the corresponding two year period.

Maintenance

A copy of the Court Order and a current statement from the Child Support Agency showing amounts received, together with copies of current statements showing payments over a six month period.

Commitments

Loans and cards with other financial institutions

Provide details of other loans eg credit card statements, personal loan statements.

Expense Details

Provide details of any extraordinary expenses eg private school fees, maintenance payments.

Borrowing Purpose

Housing construction/renovation

You will need to provide us with a copy of an itemised tender/quote signed by the licensed builder, showing the builder's license number. This tender must be dated within the last 14 days and must state that the price will remain firm for at least 60 days.

Where a deposit has been paid, you will also need to provide a copy of the deposit receipt.

Plans and specifications

You will need to provide us with council approved plans and specifications before building starts.

Purchasing and existing property or vacant land

Provide a copy of the Contract of Sale from the selling agent. If a valuation is required, St.George Bank will arrange it.

You will also need to provide a copy of the deposit receipt, showing the full agreed purchase price and balance owing or a copy of the front page of the signed Contract of Sale.

Re-finance

Provide copies of current loan statements for existing loan for a period of at least the last six months, with the date of the last transaction being no more than four weeks old.

E-statements are acceptable however at least one original loan statement is to be provided.

Borrowing against the equity in your current home.

Provide copies of your latest water and council rates.

Paying out a joint owner

Provide a copy of a solicitor's letter stating the amount required to pay out the other person. You will also need a copy of the Court Order, if Orders under the Family Law Act or Defacto Relationship Act are to be complied with.

First Home Owner Grant Details

If you are eligible, we can help you with your application, and lodge it on your behalf.

Strata title

If you are buying a strata title unit, you will require a copy of the registered Strata Plan.

Company title

You will need to provide us with:

A copy of the Memorandum and Articles of Association of the company.
A copy of the minutes of the last three meetings held by the shareholders
The name and telephone number of the company secretary
A copy of the share certificate

If your loan will be in a Company Name or Trustee

A copy of the Memorandum and Articles of Association of the company
A copy of the share certificate
A Copy of your current Family/Unit Trust Deed

Proof of deposit

Gifts from family and friends
Any gifts of money must be deposited into your St.George Bank savings account before you lodge your home loan application.
Sale of assets (other than real estate)
You will need to show evidence of the sale and deposit the proceeds into your St.George Bank savings account before you lodge your home loan application.

Download this home loan application checklist.

Let us help with your home loan application. Call a home loan expert on 13 33 30 8am - 9pm (EST) 7 days.