Self-employed home loans made simple

We’ve simplified the home buying application process for eligible self-employed customers to make applying easier.

If you’re self-employed and pay yourself a regular salary from your business, you may be eligible for a simplified income verification process without having to provide your company and/or personal financials (which you may have previously had to do). 

Get in touch with our Home Lending Specialists to discuss your needs.

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Home loan applications for business customers

As a business owner, the documents for a home loan application can be different. If you’re self-employed and not eligible for the above simplified verification process, in addition to standard ID, you may still need to provide your: 

  • Personal tax returns from the two most recent years and your most recent ATO Notice of Assessment, or a letter from your accountant confirming that tax returns are final and have been lodged with the ATO; and
  • Business tax returns from the most recent year; and
  • Most recent business financial statements, showing the last two consecutive years’ profit and loss information. Please note: We understand some business customers have been impacted by coronavirus, which is why we've put into place measures to recognise 2019 financials (instead of 2020) in your home loan application, if your BAS statements (for the two most recent quarters or six months) show an upturn in business revenue and are in line with 2019 financials.

Our Home Lending Specialists can answer your questions about the application process and help you choose the right loan based on your personal and business situation.

For a full list of documents needed, see our checklist of what you’ll need.

Save with our low Extra Home Loan

2.29 % PA
Variable interest rate (with discount margin offer)
2.30 % PA
Comparison rate*

Get a discount for the life of your loan

For new borrowings with a Loan to Value ratio of 70% or less. The rates shown are for Principal and Interest repayments (Owner Occupied) with current discount margin offer. Product discount margin on Extra Home Loans may vary from time to time and is determined by CommBank based on campaign offers at time of loan contract. Minimum new borrowings of $10,000. Comparison rate warning

More about Extra Home Loan

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$2,000 cashback when you switch your home loan to us**

The cashback is available on the following loans:

  • Owner occupied home loans
  • All investment loans

Apply by 31 December 2022 and have your loan funded by 31 March 2023. Minimum refinance amount $250,000. Not available for Bridging Loans. Limit of one $2,000 cashback per borrowing entity and per customer over a 12 month period.

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Service & support for however you do business

We’re here to help, for however you do business. That’s why we have a dedicated 24/7 Australian call centre for our business customers. You can also chat to our online virtual assistant Ceba who can also answer business enquries in NetBank and the CommBank app, whenever it suits you. You can also come see us in person with the largest branch network in Australia.

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Speak to a Specialist

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Whether you’re looking to buy your first home, or to invest or refinance, we are here to help with articles and advice, whatever your home buying needs.

How to refinance your home loan if you're a small business owner

Self employed or running a small business? Check out these six steps to help you refinance you home loan.

Home loan tips for small business owners

Running a small business does not mean it is impossible to get a home loan. Follow these tips to help make buying your dream home a reality.

Things you should know

As at 15 October 2021 the Extra Home Loan variable reference rate for Owner Occupied home loans is 3.78% p.a. (principal and interest) and the Extra Home Loan variable reference rate for Investment home loans is 4.13% p.a. (principal and interest).

# Package requires at least $150,000 in package lending balance, and an annual fee of $395 applies. Package lending balance is the sum of the account balance of eligible home lending accounts and the credit limit of Viridian Line of Credit accounts that you have with us at the time you apply for Wealth Package. Eligible home loans are limited to those accounts that can be included in the Wealth Package.

* Comparison rate calculated on a $150,000 secured loan over a 25-year term. WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates for variable Interest Only loans are based on an initial 5-year Interest Only period. Comparison rates for fixed or guaranteed Interest Only loans are based on an initial Interest Only period equal in length to the fixed or guaranteed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.

Calculations are estimates provided as a guide only and are not a loan approval. They assume interest rates don’t change over the life of the loan and are calculated on the rate that applies for the initial period of the loan. Interest rates referenced are current rates and may change at any time. Fees and charges are payable. The calculations do not take into account fees, charges or other amounts that may be charged to your loan (such as establishment or monthly service fees or stamp duty). Lenders' Mortgage Insurance or a Low Deposit Premium may apply to your loan depending on the size of your deposit, security, applicant and loan attributes. This is a one-off cost and will be added to the loan amount. Any of these additional amounts will increase repayments under the loan.

** Offer available on eligible home loans funded on and from 1 January 2020 (except for Owner Occupied Interest Only home loans, which are eligible if funded on and from 7 April 2020), where at least $250,000 has been refinanced from a financial institution other than Commonwealth Bank or Bankwest. Viridian lines of credit may be eligible as part of a multiple loan facility application if the total minimum refinance amount of $250,000 or more is met. Limit of one $2,000 cashback per borrowing entity (e.g. individual, joint borrowers, company) and per customer over a 12 month period. Limit of one $2,000 cashback per joint application. Where one of the joint applicants has received a cashback in the last 12 months, that customer will not qualify for the offer. Where all applicants have received a cashback in the past 12 months, the joint loan will not be eligible for the cashback. This offer cannot be combined with a Wealth Package fee waiver. Cashback will be credited to a Commonwealth Bank transaction account linked to the loan or the borrower/s within 90 days of loan funding (this could be a joint account with an unrelated party). We reserve the right to terminate the offer at any time. Applications subject to credit approval. Fees and charges may be payable. Full terms and conditions will be included in our loan offer.

Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Conditions apply to all loan options. Full terms and conditions will be set out in our loan offer, if an offer is made. Fees and charges are payable. Interest rates are subject to change. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. You should also read our Financial Services Guide.