What's required for a Loan?

Documents needed for loan application / submission

 Whether you need Home Loans, Personal Loans, Business Loans, Construction Loans, Debt Consolidation, what ever sort of loan you may require.

Loan-me.com strives to get you " Australia's Best Loans ".The following below is the type of information that we may need in obtaining your loan. Please note copies of the documents as listed below will be sufficient. Depending on what type of loan you require will depend on the relevant documents that will be needed. We can advise you of what will be required.

Proof of Identification:  100 points required

• Current Australian drivers Licence.
• Current Passport .
• Copy of birth certificate.
• Medicare / health benefits cards
• Credit cards.
• Australian Citizenship Certificate.

Serviceability:

Lenders typically want to know of your ability to repay your loan: They may require information like the following:

• Details of employment - Letter from employer including length of period with employer, time in the industry.
• Details of all income, including any casual income, government payments etc.
• Proof of income pay slips - (2 recent)
• Bank statements showing wages / income going into your bank account (no older than 2 months)
• Group Certificates, Tax Returns, Tax assessment notice or Balance Sheets. (current year)
• Proof of self employment, Australian Business Number (ABN)

Personal Information:

Certain personal information may be relevant to your application. This may include:

• Length of time at current address and arrangement - renting - sharing (copy of lease agreement)
• Living at home with parents/relatives. (a letter or statement)
• Own your home  (copy of title deeds if owned)
• Mortgaged home - bank / loan  (copies of loan statements no older than 2 months)
• Number of dependants including number and age of children. (Centrelink statement)
• Details of personal situation – married, de facto, divorced, single etc.
• Loan purpose - what do you want to achieve; first home, larger home, home improvement, investment, debt consolidation , car / boat loan, personal loan - medical treatment , holiday, mortgage refinance etc.
• When would you want the loan - what may delay it's settlement ?

Financial Situation:

Lenders require information on your financial situation. This may include:

• Details of all assets including proof of savings history, bank accounts details, existing property, shares etc.
• Details of credit cards, store cards or charge cards including statements. (2 Credit card statements no older than 2 months)
• Details of any defaults, arrears - including any current arrears or defaults. (statements no older than 2 months)

Property Details:

The lender will need to know all the details about the property. This may include:

• Copy of rates notice - no older than 6 months. (if refinancing)
• Type of property: i.e. unit, home, land etc.
• Location of property, inner city, rural etc
• Zoning of Property; rural, commercial, residential etc.
• Standard of property; renovations unfinished etc.
• Copy of the front page of the Contract for the home you are wanting to purchase.
• Deposit paid / or in savings ready to be paid if loan approved.