What do I need to apply for a home loan?

You’ve got a few options:

• Online – take a look at our range of loans and get started
  
• We’ll come to you – our Home Lending Specialist are here to answer all your questions and walk you through the process. Make an appointment using our online form or call 13 17 19
  
• We’ll contact you – leave your details and we’ll get back to you
  
• Visit us – walk into any Bankwest branch and we’ll help you out
• Private Bank – if you earn over $250k individually, have $350k in joint income or $750k of lending, then you could benefit from our Private Bank service.
  

Once you’ve had an offer accepted on a property, or you’re ready to proceed with your refinancing, we’ll need a bit more information from you.

Applying at a branch

Pop down to your local Bankwest branch with an original or certified copy of one of the following:

1. One form of primary ID with a photo (i.e. passport or driver’s licence) or
   
2. Two forms of primary ID without a photo (e.g. birth certificate and government benefits card) or
   
3. One form of primary ID without a photo (e.g. birth certificate or Citizenship papers) and one form of secondary ID (e.g. a utility bill).
   

For more detailed information, see a handy list of ID we’ll accept.

Applying online

You can skip a trip to a branch with our electronic ID check.

Do you work for an employer? (PAYG)

If you earn PAYG income not paid into a Bankwest account you’ll need to provide two of your most recent consecutive payslips.

Do you own your own business or subcontract? (Self-employed)

We’ll need to see two of your most recent Notices of Assessment from the Australian Taxation Office showing your earnings for these financial years. We may also need copies of your taxation and financial reports from your accountant. These must be from within 18 months of the application submission date.

Do you receive income from a…

• Self Managed Superannuation Fund (SMSF)?
  You’ll need to supply the most recent SMSF member benefit statement and a letter from your financial planner or accountant. The letter needs to confirm you’re receiving payments from the fund and show your balance, minimum payment amount, tax and tax free components, and ‘pension’ status.
• retail or industry superannuation fund?
  You’ll need the most recent statement of your super balance, including evidence of regular and ongoing payments. Where the payment amounts are not shown, we’ll also need three months’ statements showing the credits to your bank account.
• pension?
  You’ll need your most recent pension statement showing current payments.
• rental property?
  You’ll need a current, signed rental tenancy agreement or three months of rental income credits to your bank account. You can also bring a rental statement from your managing agent from the past two months, or your two most recent tax returns where the property is already held.
  
  

If you receive any additional income (such as Centrelink benefits or trust income) that you want to include on your application, we’ll need confirmation of this.
 

We’ll need to see one month’s worth of statements for your everyday bank account. Already have a transaction account with us? Easily access a proof of balance or customised transaction summary – see how.

If you have any debts (like credit cards, store cards, car loans or home loans) outside of Bankwest, we’ll need to see a month’s worth of statements for each one. The statements must be from the last 45 days and show your:

• Name
• Account number
• Transaction history (including the loan interest rate, remaining term and interest only period where applicable).
  

If – like most people – you plan to pay a deposit, you’ll need to provide proof of your savings (such as your most recent savings account statement).
 

You’ll need to provide six months’ of recent home loan statements from your other financial institution. If you’re refinancing a personal loan or credit card as part of the loan, bring in your most recent three months’ consecutive bank statements for each debt. The statements must show the:

• Account holder name
• Financial institution name
• BSB and account number
• Transaction history.
  
  

We’ll need a copy of your fully signed offer and acceptance/contract of sale.

We need copies of:

• The fully signed building contract
• Your plans and specifications.
   

We’ll send your contract documents to you, which you’ll need to sign and return to us. You’ll need to provide building insurance documentation to us before settlement or – if you’re getting a construction loan – your final progress payment. See the home insurance options we can arrange through our partner CommInsure.