Help & support
Streamlined income verification process for self-employed business owners.
You won't be charged a higher rate just because you're self-employed.
Our specialists will guide you through every step of the process.
A simple application process for business owners with less documents to prove your income.
Get in touch with our Home Lending Specialists to discuss your options.
In some instances, we may need more information. Our Home Lending Specialists will let you know.
Don't have these documents? Here are other options.
Get access to offsets and an extensive range of features
1 Standard Variable interest rate (Owner Occupied) for new borrowings with a Loan to Value ratio of 60% or below with Wealth Package.3 Product discount margin on Standard Variable Rate loans may vary from time to time and is determined by CommBank based on the highest product discount margin on campaign offers between application assessment and time of loan contract. Minimum new borrowings of $10,000. Comparison rate warning
Fees
Fees and charges are detailed in your letter of offer including:
Fees may be waived on eligible home loans with Wealth package.3
Talk to a Home Lending Specialist about finding the right home loan for you.
Talk to a Business Lending Specialist about financing your home and business loan together.
If you don't have six months of salary credits, you may use one of the following:
If you don't have financial records showing profit and loss for the last two years, you'll need a letter from your accountant (on their company letterhead) confirming your business has:
If you’re self-employed and not eligible for simple income verification, you'll need to provide extra documentation. This may include:
This list is a general guide. Talk to a Home Lending Specialist to find out what documents you’ll need.
How to refinance your home loan if you're a small business owner
Self employed or running a small business? Check out these six steps to help you refinance your home loan.
Get instant help from Ceba in the CommBank app or connect with a specialist who can message you back. You’ll need CommBank app notifications turned on so you know when you’ve received a reply.
Book instantly to speak to a Home Loan Specialist at a time that suits you.
Redraw, change your repayments or loan type to better meet your needs and more.
Fast-track your call, see expected wait times and connect with a specialist in the CommBank app.
Get instant help from our virtual assistant or chat to a specialist.
This information is current as at 11 October 2024 and is for general information purposes only. It has been prepared without considering your objectives, financial situation or needs. You should consider the appropriateness of this information to your circumstances before acting on it.
2 Comparison rate calculated on a $150,000 secured loan over a 25-year term. WARNING: 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. Comparison rates for variable Interest Only loans are based on an initial 5-year Interest Only period. Comparison rates for fixed or guaranteed Interest Only loans are based on an initial Interest Only period equal in length to the fixed or guaranteed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
3 To apply for a Wealth Package, you must have an eligible home loan or line of credit with an initial package lending balance of at least $150,000 at the time of your application. Package lending balance is the sum of the account balance of eligible home lending accounts and the credit limit of Viridian Line of Credit accounts that you have with us at the time you apply for Wealth Package. Eligible home loans include: Standard Variable Rate home loan, Fixed Rate home loans and Viridian Line of Credit. A non-refundable annual fee of $395 is payable in advance. The package can be established in the name of one or two individual’s name/s, or in the name of a corporate entity. It cannot be established in the name of a business or family investment trust. Please refer to the Wealth Package Fact Sheet and Package Terms and Conditions for full details.
Calculations are estimates provided as a guide only and are not a loan approval. They assume interest rates don’t change over the life of the loan and are calculated on the rate that applies for the initial period of the loan. Interest rates referenced are current rates and may change at any time. Fees and charges are payable. The calculations do not take into account fees, charges or other amounts that may be charged to your loan (such as establishment or monthly service fees or stamp duty). Lenders' Mortgage Insurance or a Low Deposit Premium may apply to your loan depending on the size of your deposit, security, applicant and loan attributes. This is a one-off cost and will be added to the loan amount. Any of these additional amounts will increase repayments under the loan.
Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Conditions apply to all loan options. Full terms and conditions will be set out in our loan offer, if an offer is made. Fees and charges are payable. Interest rates are subject to change. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. You should also read our Financial Services Guide.
