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Find out the best interest rates available:

Owner-occupied Home Loan
3.59% p.a.      3.96% p.a. CR*
The fine print...
The information provided in this website is for general education purposes only and does not constitute specialist advice. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. Whilst we aim to update our site frequently, interest rates change frequently, please contact us to confirm the latest offers. *Note: the home loan with the lowest current interest rate is not necessarily the most suitable for your circumstances, you may not qualify for that particular product, and not all products are available in all states and territories. The comparison rate provided is based on a loan amount of $150,000 and a term of 25 years secured by an owner-occupied residential property. 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. Whilst we endevour to keep the information on this website up-to-date at all times, interest rates change daily - always confirm the current interest by calling 07 3354 4576 before making any decisions.
Investment Home Loan
3.83% p.a.      4.06% p.a. CR*
The fine print...
The information provided in this website is for general education purposes only and does not constitute specialist advice. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. Whilst we aim to update our site frequently, interest rates change frequently, please contact us to confirm the latest offers. *Note: the home loan with the lowest current interest rate is not necessarily the most suitable for your circumstances, you may not qualify for that particular product, and not all products are available in all states and territories. The comparison rate provided is based on a loan amount of $150,000 and a term of 25 years secured by an investment residential property. 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. Whilst we endevour to keep the information on this website up-to-date at all times, interest rates change daily - always confirm the current interest by calling 07 3354 4576 before making any decisions.
Car Loan
7.25% p.a.      9.05% p.a. CR*
The fine print...
The information provided in this website is for general education purposes only and does not constitute specialist advice. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. Whilst we aim to update our site frequently, interest rates change frequently, please contact us to confirm the latest offers. *The interest rate is available to approved applicants financing a motor vehicle on a secured consumer fixed rate loan over 60 months. The comparison rate is based on a 5 year secured fixed rate loan of $30,000. WARNING: This 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. Applications for finance are subject to normal credit assessment. Conditions, fees & charges apply. Whilst we endevour to keep the information on this website up-to-date at all times, interest rates change daily - always confirm the current interest by calling 07 3354 4576 before making any decisions.
Personal Loan
10.99% p.a.      11.87% p.a. CR*
The fine print...
The information provided in this website is for general education purposes only and does not constitute specialist advice. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. Whilst we aim to update our site frequently, interest rates change frequently, please contact us to confirm the latest offers. *The interest rate is available to approved applicants getting a fixed rate personal loan over 60 months. The comparison rate is based on a 5 year secured fixed rate loan of $30,000. WARNING: This 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. Applications for finance are subject to normal credit assessment. Brokerage not included. Conditions, fees & charges apply.
Refinances available from:
3.59% p.a.      3.96% p.a. CR*
The fine print...
The information provided in this website is for general education purposes only and does not constitute specialist advice. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. Whilst we aim to update our site frequently, interest rates change frequently, please contact us to confirm the latest offers. *Note: the home loan with the lowest current interest rate is not necessarily the most suitable for your circumstances, you may not qualify for that particular product, and not all products are available in all states and territories. The comparison rate provided is based on a loan amount of $150,000 and a term of 25 years secured by an owner-occupied residential property. 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. Whilst we endevour to keep the information on this website up-to-date at all times, interest rates change daily - always confirm the current interest by calling 07 3354 4576 before making any decisions.
Pre-approvals available from:
3.59% p.a.      3.96% p.a. CR*
The fine print...
The information provided in this website is for general education purposes only and does not constitute specialist advice. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. Whilst we aim to update our site frequently, interest rates change frequently, please contact us to confirm the latest offers. *Note: the home loan with the lowest current interest rate is not necessarily the most suitable for your circumstances, you may not qualify for that particular product, and not all products are available in all states and territories. The comparison rate provided is based on a loan amount of $150,000 and a term of 25 years secured by an owner-occupied residential property. 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. Whilst we endevour to keep the information on this website up-to-date at all times, interest rates change daily - always confirm the current interest by calling 07 3354 4576 before making any decisions.

How to strengthen your home loan application to get approved

How to strengthen your home loan application

When we apply for a home loan, our lender of choice will factor into their system numerous things in order to determine the risk of giving you the home loan. There is no guaranteed formula to get your loan approved, but there are some things you can do to strengthen your position before applying.

Account Conduct

One thing to be mindful of in the lead-up to an application is your current and previous conduct on your transaction bank accounts and liabilities. Things that can negatively affect your position include:

Lenders will generally look at your existing account and liability statements for the last 3-6 months as part of the process so it’s very important to be vigilant with your financial conduct.

Credit Cards

While many people pay off their Credit Cards every month, lenders factor in your credit card limit/s (not the balance owing). It is best to minimize Credit Card limits where possible; also, Credit Cards that are never used should be closed prior to your loan application.

Genuine Savings

Whilst not always necessary, genuine savings always reflects positively. The best way to ensure you will have genuine savings, is to put 5% of the purchase price in a separate bank account and leave it there for a minimum of 3 months – don’t let it drop below 5%!

Employment

PAYG

For PAYG employees: casual employees are required to be in their position for 3 months (12 months with many lenders). Full/part-time employees can get their loan approved with certain lenders with having just their very first pay slip; however, Banks are looking for stability and continuity in the same industry. Having many previous employers is fine but it’s always good to remain within the same industry.

Self-employed

The absolute minimum length of time for someone that is self-employed is 6 months; however, 1 – 2 years is required with the vast majority of lenders. When applying for a home loan, it is really important to have all your financial documents up-to-date and readily available i.e. Tax Returns, ATO Notices of Assessment, profit and loss statement/s and balance sheet/s (all prepared by an accountant or registered tax agent).

Credit History

Your national credit file history is always obtained by a lender for review with your home loan application; if you are not sure what your credit file has on it, you can order a free one through VEDA.com.au or even talk to us and we’ll obtain it for you and then review with you prior to loan application.

Last updated: 
06 January, 2018
       Author: 
Zak Avery