As a self-employed customer you’e offered the same interest rates and features as customers earning a salary. And the same criteria is used to determine how much you can borrow and the deposit you need.
The big difference if you’re self-employed is how you demonstrate your taxable income.Tooltip Our specialists will help you understand your business cash flow, taxable income, and what other information you need to have ready to apply for a home loan.
It’s a good idea to have these things ready:
- Any tax return, notice of tax assessment, profit and loss statement, and balance sheet for your business covering the last 12 months
- The last 12 months of personal tax returns
- Proof that your ABN has been registered for at least two years.