Applying for a home loan and gathering the right documents can be stressful and time consuming. To help get you started, here’s a handy guide on what you’ll need when applying for an Unloan.
Non-Photographic Identification
We want to get to know you! We’ll need your :
Full legal name
Date of birth
Residential address
Mailing address
Occupation
If you prefer to have physical mail sent to a PO Box, enter those details into the mailing address field, not your residential address. You don’t live in a PO Box!
Photographic Identification
We need to verify your identity as part of your loan application and will ask for one of the below
Australian Driver’s Licence OR
Australian Passport
Using your Australian Driver’s Licence?
If you are using your Australian Driver’s licence, you will need to enter your licence number along with your card/document number. Not sure where to find your card number?
STATE | Where is the card number located? |
NSW | Front of the licence, top right-hand corner. |
VIC | Before November 2022 Back of the licence, below the year of birth.
After November 2022 Back of the licence, top right hand corner. |
QLD | Before June 2019 Back of the licence, bottom right hand corner.
After June 2019 Front of the licence, bottom centre. |
ACT | Front of the licence, left of your photo. |
WA | Back of the licence, right hand side. |
SA | Back of the licence, top right hand corner. |
NT | Back of the licence, bottom centre. |
TAS | Back of the licence, top right hand corner. |
What other documents do I need handy?
As part of your loan application, you'll also need the below documents handy to complete your application.
Insurance documents such as policy schedules.
Going for a loan and have a co-borrower? Learn more about submitting an application with a co-borrower here.
This article is intended to provide general information only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. Please consider seeking financial advice before making any decision based on this information.
Unloan is a division of Commonwealth Bank of Australia.
Applications are subject to credit approval, satisfactory security and you must have a minimum 20% equity in the property. Minimum loan amount $10,000, maximum loan amount $10,000,000, and total borrowings per customer across all Unloan loans is $10,000,000. (For purchase loans a minimum 10% equity is required - however a Lenders Mortgage Insurance (LMI) premium and higher interest rate apply. In some cases, depending on the property’s location or type, an LMI premium may also be required for LVR between 70.01% to 80%). For loans with Lenders Mortgage Insurance (LMI) the minimum loan amount is $10,000, maximum loan amount is $3,000,000 and total borrowings per customer across all Unloan loans is limited to $3,000,000).
Unloan offers a 0.01% per annum discount on the Unloan Live-In rate or Unloan Invest rate upon settlement. On each anniversary of your loan’s settlement date (or the day prior to the anniversary of your loan’s settlement date if your loan settled on 29th February and it is a leap year) the margin discount will increase by a further 0.01% per annum up to a maximum discount of 0.30% per annum. Unloan may withdraw this discount at any time. The discount is applied for each loan you have with Unloan.
*At Unloan, we do not charge any annual, application, banking, account, transaction, late or exit fees. In certain circumstances you may be required to pay a Lenders Mortgage Insurance (LMI) premium. Learn more about why this is applied and how it works. Government fees may also apply. Learn more about government fees here. Your current lender may charge an exit fee when refinancing.