Home loans for self-employed

Whether you’re a sole trader, a freelancer or you run your own business – we’ve got you covered when it comes to your home loan. Take advantage of our simple income eligibility assessment and competitive rates.

Flexible work, flexible home loan

Simplified proof of income

Verify your income with less documentation.

Competitive rates

Enjoy the same rates as salary-earners

Home Lending Specialists

Chat on the phone or have someone come to you - they're even available evenings and weekends.

Featured home loans

Whether you are running your own business or are self-employed, you can choose any fixed or variable rate home loan options that suit your needs.

Rates shown are for principal and interest repayments. Different rates apply for interest only.

Home loan applications look a bit different

Documents you’ll need to provide

Lenders will ask for proof of your financial status, including your income. For sole traders, freelancers and business owners, this could be in the form of:

  • Business tax returns
  • Personal tax returns
  • A recent notice of assessment from the ATO
  • Bank and financial statements from your business.

If you can’t provide the documents listed above (for example, because your tax returns have not been finalised yet) lenders might accept the following instead:

  • Proof of ABN and GST registration for your business
  • A reference from an accountant verifying your financial legitimacy
  • Personal tax returns no older than 20 months
  • Payslip from your business confirming your current salary.

Why Bankwest?

Dedicated lending specialists

We're available seven days a week, including evenings.

Save on home loan interest

You could pay your home loan off faster with up to nine offset accounts. 1 Offset Transaction Account must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loans. Other exclusions apply. Account holders must be 18 years or older. Other fees and charges may apply. Credit interest is not payable on this account. Where a monthly offset fee applies, it will apply to each offset account held.

Easy applications

Track the progress of your home loan application and sign important documents digitally from anywhere.

Award-winning

MFAA ‘Non-Major Lender of the Year’ for seven years running, Australian Mortgage Awards ‘Bank of the Year’ twice, and Mortgage Business Non-Major Bank of the Year 2024.

Frequently asked questions

There are a range of choices for self-employed borrowers – you could go with a variable or fixed rate, a simple or complete package, principal and interest or interest only repayments. The right product depends on your needs and what your objective is – perhaps you want a loan that offers credit cards and multiple offset accounts, or maybe you’d prefer something simpler. Whether you want to build or buy will also feed into this decision.

Yes. A minimum of 18 months ABN registration is acceptable where the LVR is less than 80%.

Tip: If you can prove that you have experience in the industry, this can speed up the application process. Keep old payslips and get references from your former employers.

Use our borrowing calculator to work out how much you could borrow for a home loan to buy a house and what your home loan repayments might be.

Your Notices of Assessment are in your MyGov inbox – check out the Australian Government ATO site for more info.

Get in touch for home loan related queries

What’s the comparison rate?
It’s a tool that can help you identify the truer cost of a loan. It’s calculated using a standard formula that includes the interest rate, as well as certain fees and charges relating to a loan (not all fees and charges are included).

Comparison rate warning:
Comparison rate is calculated on the statutory assumption of $150,000 loan over 25 years but the minimum required loan amount is $200,000 for the Complete Home Loan Package. Different rates apply for different loan amounts and may depend on the duration of a fixed rate period or the ratio of the loan amount to the property value. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Loan to Value Ratio (LVR) is the portion of money you are borrowing in relation to the value of the property.

  1. Offset Transaction Account must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loans. Other exclusions apply. Account holders must be 18 years or older. Other fees and charges may apply. Credit interest is not payable on this account. Where a monthly offset fee applies, it will apply to each offset account held.
  2. Offset Transaction Account must be held in the same name as the loan account. Other exclusions apply. No offset fee applies during the fixed term although a $12 monthly loan maintenance fee applies. At the end of the fixed term, a $10 monthly offset fee applies per offset account. Monthly offset fee is charged to the offset account, not the home loan.

Lending and eligibility criteria, and fees and charges, apply for our home loans. Rates are subject to change. The Complete Home Loan Package consists of an eligible home loan, one optional eligible credit card per customer and up to nine optional Offset Transaction Accounts per loan.

Other fees may apply, including government and bank fees. A full list of fees will be set out in your home loan contract.

Digital signing – some exclusions apply. Due to state laws, restrictions apply to digitally signing the Mortgage Form in some States and Territories. Customers must have access to a device (computer or tablet recommended) with internet and email access.

DocuSign is a registered trademark of DocuSign, Inc.

Some exclusions apply for the use of the Home Loan application tracker.