What docs do I need?

When you’re applying for your first home loan, getting the right documentation together can seem overwhelming and confusing. Find out what paperwork you’ll need to provide with HSBC’s helpful checklist and get your home loan application under way. If you’re without the traditional forms of income evidence, HSBC’s Low Doc Home Loan is a great solution to your home loan requirements.

Checklist

Applying for your first home loan is easy - get your documentation in order with this helpful checklist:

• Completed application form
• Your Australian Tax File Number (TFN)
• Verification of residence - please provide two of the following:
  - Rate notice
  - Valid drivers licence, with photo
  - Utility bill (eg. phone, electricity)
  - Recent bank statement
  
• Verification of income - please provide one of the following:
  - Latest payslip/s or pay advice
    > Showing weekly/fortnightly/monthly pay amount
    > Showing year to date figure
    > Showing name of employer
    > Must not be more than one month old and showing at least one month’s worth of income and employment (i.e. If you receive weekly pay, you need to provide four payslips)
  - Letter from employer on a company letterhead stating gross income net of salary sacrifice. Must not be more than one month old and must be signed with an A.C.N / A.B.N.
  - Tax assessments for the last two years
  
• If self employed - please provide both of the following:
  - Balance sheet and Profit and Loss accounts for the last two years
  - Personal Tax Returns and Business Tax Returns for the last two years
  
• Verification of rental income:
  - Copy of rental contract
  - Rental estimate for evaluation report
  - Bank statement evidencing payment of rent for last 3 months
  - Statements (min 3 months) from real estate agent showing monthly receipts
  
• Records of your investments, shares, unit trusts, etc
• Existing loan accounts - six months of statements (if loans are to be refinanced by HSBC)
• Credit card and store card statements for the last three months (if cards are to be refinanced by HSBC)
• Contract of sale (purchase of property), including special conditions page
• Receipt of deposit paid (purchase of property)
• Plans/specification/builders quotation (construction loans)

If you are not a HSBC customer you will need to provide us identification that meets the government’s 100 points identification check requirements.

It is important to bring with you any of the following to make up 100 points:

• Your passport: 70 points
• Your birth certificate: 70 points
• Your citizenship certificate: 70 points
• Your driver’s licence or permit containing photo or signature: 40 points
• Letter of introduction from another financial institution: 40 points
• Your credit cards or other bank cards: 25 points

There are other forms of identification. Visit your nearest HSBC branch or call us on 1300 308 880

Low Doc Loans

A Low Doc Home Loan is a flexible financing alternative that’s perfect if you’re self-employed or small business owner. You don’t need to have income documentation when you apply for HSBC’s Low Doc Home Loan. If you’re refinancing just ensure at least one applicant is self-employed or employed and residing offshore.

Home Loan Selector Tool

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