Apply now for a home loan

• Who can apply online?
• Non-resident applications
• What will you need to complete your application?
• Start your online application

 

Who can apply online?

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• Up to two applicants may apply
• Applicants must be 18 years of age or over
• Applicants must be Australian residents who ordinarily reside in Australia
• Where the loan is for the purchase of property, the property must be in Australia

 

Non-resident applications

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If you are not a resident of Australia, you will require approval by the Foreign Investment Review Board (FIRB) before buying residential property in Australia. Visit the FIRB website at www.firb.gov.au for more information. If you wish to enquire further about our home loans after checking the FIRB website, please call +61 13 2224.

What will you need to complete your application?

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The following checklist shows what you need to provide to complete your application. All documents can be copies unless stated otherwise.

Identification

If you are a new Commonwealth Bank customer:
If you're a new Commonwealth Bank customer, you will need to come to any Commonwealth Bank branch and provide personal identification, along with the two most recent original pay-slips for the primary applicant.

Personal Identification documents include One of the following documents containing your photo

• Passport
• Australian Drivers / Firearms licence
• Proof of Identity / Proof of Age card

Or two different documents from this list

• Birth Certificate
• Citizenship Papers
• Pension Card
• Council rates or utility bill or Australian Taxation Office assessment notice or overseas drivers licence (only one of these documents may be used)

Income

If you earn a wage or salary:
Your two most recent electronic pay slips (less than 60 days old) which show the employer’s and employee’s name

OR any two of the following:

• Most recent PAYG Payment Summary
• Current employment contract detailing income and salary
• A letter from your employer outlining how long you've been employed and your income details

 

If you are a contractor:
Your most recent employment contract with income details.

 
If you are self-employed:
Your last two years’ Financial Statements and two most recent Notice of Assessments, or if you are applying for a Low Documentation Loan* you'll need:

• To have been self employed in the same industry for at least 1 year
• Your ABN (if you have held your ABN for less than 1 year you'll need to provide confirmation of self employment from another source, eg: a Certificate of Incorporation)

If you earn rental income:
One of the following:

• A letter from the Managing/Real Estate Agent which confirms expected rental income
• The Lease Agreement
• Proof of rental income from your bank records or from Financial Statements (for self-employed applicants or companies)

 

If you receive Government Income (e.g. Centrelink and/or Veteran Affairs)
Your latest government advice letter which shows your income/benefit (less than 90 days old)

Loans and savings not with the Commonwealth Bank

If you have a current loan:

• 3 months' statements for all secured debts (where exemption of Stamp Duty applies, 6 months' statements or original loan contract is required)
• 1 month statements for all other loan and credit card debts (non-secured)

 

If you have savings or investments being used for the loan:
Your passbooks and/or statements for the last 1 month

Other details

If you have a legal representative:
Their name, address and contact details

 
If you have received a monetary gift that is being used for the loan:
A letter from the person that is giving you the monetary gift which:

• States that the funds are an unconditional gift, or
• Sets out the loan conditions/repayment terms

If you have found a property or have an existing property for security

If you currently own the property offered as security:
A rates notice, which shows the street address and title reference

 
If you are buying a property to be offered as security:
Contract of Sale (Offer of Acceptance in WA) and your solicitor or conveyancer’s name, address and contact details

 
If you are building a home

If you are ready to start building:

• Fixed price building contract
• Original council-approved plans and specifications (to be provided to the valuer)

Insurance

If you have existing insurance on the property:
Any insurance documents (e.g. policy schedules)

We can offer straightforward insurance for you and your assets. During our appointment, we will provide you with more information on the options that are available.

Starting your online application

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Simply fill in the short application form, which only takes about five minutes. At a time convenient for you, one of our Lending Specialists will call to walk you through the next steps in the application process.  If you’re eligible for a home loan, you’ll receive your loan offer in the mail in three to five business days.

• Start your online application
• Finish a saved application

 

If you have any questions or are unable to apply online, please call us on 13 2224 between 8am and 10pm, 7 days a week.

Important Information

*Low Documentation loans are not available with a 1 Year Guaranteed Rate, 12 Month Discounted Variable Rate, 3 Year Special Economiser.

Any e-mail may pass through non-secure channels and could therefore be viewed by an unauthorised third party. By sending a response/form by e-mail, you acknowledge the risks inherent in this means of communication. 

Applications for finance are subject to the Bank’s normal credit approval.  Full terms and conditions will be included in our loan offer. Fees and charges are payable.