What Documents Can I Use to Verify My Income?

When you apply for an Unloan home loan, you'll need to provide documents to verify your income.

When you apply for an Unloan home loan, you’ll need to provide documents to verify your income. This includes payslips, bank statements, payslips, tax statements and/or letters from your employer. Depending on your employment type, the documents used to verify can differ.  

Employment Income (PAYG)

We will need one of the below:

  • Your most recent payslip
  • Your bank statements from the last three months, evidencing permanent employment base salary, allowances, overtime and bonuses
  • Your bank statements from the last six months, evidencing commission, casual, temporary and seasonal income

A letter from your employer can also be used to demonstrate commission and bonuses received.

Self-Employed Income

If you’re a sole trader, partnership or company, we will need:

  • Your personal tax returns from the two most recent financial years AND
  • Your most recent Notice of Assessment (NOA), showing the business made a net profit before tax in both years.

If this isn’t available, we will need:

  • Your personal bank statements from the last six months, showing regular payments of income from your business.

The personal bank statement needs to be dated within six weeks of your application being submitted.

AND we will also need one of the following:

Option One

A letter from your accountant with

  • The date your business began trading (which must be at least 2 years from the date of the letter)
  • Advising that the company has sufficient profits to meet the business commitments, and can continue to pay your salary

The letter from your accountant needs to be dated within six weeks of your application being submitted.

Option Two

Financial statements from the last two financial years, indicating the business made a profit in those years.

Rental Income

We will need one of the below:

  • For short term rentals: your bank statements from the last six months OR statements from your property managing agent from the last six months.
  • For long term rentals: your bank statements from the last three months OR statements from your property managing agent from the last three months

The bank and property managing statements need to be dated within six weeks of your application being submitted.

If the above isn’t available, you can also provide:

  • Your most recent tax return OR
  • The current lease agreement for your property where rental income is received.

Investment Income

We will need a statement from the investment administrator (eg: registrar, broker) showing income received over the last 12 months. Statement needs to be dated within six weeks of application being submitted.

Government Payments

We will need one of the below:

  • Your bank statements from the last six months OR
  • Letter or statement from the relevant government department, showing the regular benefit amount  

The bank statement, letter or government statement needs to be dated within six weeks of application being submitted.

Child / Spouse Support & Maintenance

We will need one of the below:

  • Your bank statement from the last six months OR

One of the following:

  • Family Law Court Order, Child Support Agency Letter, Solicitor’s letter showing the regular benefit amount

The bank statement or letter needs to be dated within six weeks of your application being submitted.

Superannuation Fund Income

We will need a statement or letter from your Superannuation Fund outlining the indexed pension amount or annuity OR

We will accept a bank statement from the last six months.

The bank statement needs to be dated within six weeks of application being submitted. The superannuation statement or letter can be dated within the most recent 12 months of your application being submitted.

As part of your serviceability assessment and verifying your income, we’ll consider the recency of any documents provided, and depending on your situation, we may require additional documents.  

Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Full terms and conditions will be set out in our loan offer, if an offer is made.

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