To help us assess your application, we'll need you to provide the following information about your income and employment: Your salary before super. Any regular overtime and bonuses. If you’re self-employed, your net profit before tax. Other income sources, such as earnings from a side-business, investment property income, dividends from shares, or government benefits.

To get a clear picture of your outgoing expenses, we’ll also ask for details of any existing loans and debts. Having the following information to hand can really help with completing your application: Outstanding loan balances and your regular repayment amount. Money currently owed on credit cards. Current HELP debts (formerly known as HECS) or student loans. Buy Now Pay Later balances such as Afterpay, and Zip Pay. Details of outstanding tax debts and payments. Buying a home can also be a good opportunity to overhaul your finances. If you have multiple loans and are looking to streamline your repayments, you may want to consider a debt consolidation loan .

If you’re a wage or salary earner You will need to provide your recent payslips or bank statement showing the salary credits or your latest tax return (PAYG) statement. If you’re self-employed We’ll need to see your last two years of financial statements including a profit and loss balance sheet, plus your business and individual tax returns.

Proof of genuine savings

We’ll need to check you have enough funds to cover the upfront costs of buying a property . A bank statement showing enough funds to cover solicitor’s fees, the building and pest inspection, transfer fees and other costs in addition to your deposit is a common way to provide proof of funds. If your deposit is 10% or less, we’ll ask for proof of genuine savings– a bank statement showing regular savings deposits should cover most situations

Home Loan Application Requirements

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Applying for a home loan

Overview Eligibility What you’ll need After you apply

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What to expect when applying for a home loan

When applying for a home loan, you’ll need to supply information about your financial situation and some documents to verify your identity.

To help you understand the process and make filling out your application easier, we’ve created this helpful guide.

Ways to apply for a Great Southern Bank home loan

Connect with one of our Home Loan Specialists.
Apply in person at your nearest branch.

If you’re applying jointly with another person, you’ll need both sets of information and documents to hand.

Who is eligible for a home loan?

You must be

At least 18 years old
A permanent resident of Australia

You'll also need to meet the minimum deposit criteria. This can be from as little as a 5% deposit for owner-occupiers and a 10% deposit for investors. If you have any questions about the eligibility requirements or deposit amount, our Home Loan Specialists are here to help.

Starting your home loan application

At this stage of the process, we’ll ask for some information about your finances, including your income, expenses, and any existing loans or debts. This is so we can get a clear picture of your financial situation and how much you could borrow without experiencing unnecessary mortgage stress.

The more accurate the information, the faster we can review your application and get back to you with an answer.

As for documentation, you’ll need at least one form of ID to verify your identity.

Information to provide when applying for a home loan

You can expect to be asked for the following information.

Property details

We’ll ask for the suburb or postcode you wish to buy in and how much you plan on spending. Don’t worry if this information changes, we can update it later.

Learn more about pre-approval and how it can help you with your property search.

We’ll ask for the address and estimated purchase price.

We’ll ask for your address, current market value, outstanding loan balance, and your current loan repayments.

Financial details

To help us assess your application, we'll need you to provide the following information about your income and employment:

Your salary before super.
Any regular overtime and bonuses.
If you’re self-employed, your net profit before tax.
Other income sources, such as earnings from a side-business, investment property income, dividends from shares, or government benefits.

When applying for a home loan, you’ll need to provide a breakdown of regular expenses for yourself and your dependants (if you have them).
Include everyday living expenses, such as groceries and utility bills, plus your regular spending on the things that make life fun, such as dining out, streaming services, and hobbies.

We all track our expenses differently, so when applying for a Great Southern Bank Home Loan, you can choose to provide a weekly, fortnightly, or monthly breakdown.

If you’re applying online and want to save some time, you may wish to use our simplified expenses option. It groups your expenses into broad categories instead of listing your expenses out individually.

“Assets” is a banking term used to describe items of value that you already own. When applying for a home loan, we’ll ask you for the full value of your assets, including any joint assets.

Your assets may include:

Savings
Superannuation
Shares and stocks
Land and property
Home contents and valuables
Cars and vehicles

To get a clear picture of your outgoing expenses, we’ll also ask for details of any existing loans and debts.

Having the following information to hand can really help with completing your application:

Outstanding loan balances and your regular repayment amount.
Money currently owed on credit cards.
Current HELP debts (formerly known as HECS) or student loans.
Buy Now Pay Later balances such as Afterpay, and Zip Pay.
Details of outstanding tax debts and payments.

Buying a home can also be a good opportunity to overhaul your finances. If you have multiple loans and are looking to streamline your repayments, you may want to consider a debt consolidation loan.

Identification to provide when applying for a home loan

Have your driver licence, passport or Medicare card handy so we can verify your identity.

What documentation do I need to provide after I apply?

Once you’ve submitted your application, the Home Loan Application Tracker will list the documentation you’ll need to provide to progress your application.

Your list of documentation will depend on your individual situation, but if you’re feeling curious or wish to prepare in advance, here are some typical documents you can expect to provide.

If you’re a wage or salary earner

You will need to provide your recent payslips or bank statement showing the salary credits or your latest tax return (PAYG) statement.

If you’re self-employed

We’ll need to see your last two years of financial statements including a profit and loss balance sheet, plus your business and individual tax returns.

We’ll need to check you have enough funds to cover the upfront costs of buying a property. A bank statement showing enough funds to cover solicitor’s fees, the building and pest inspection, transfer fees and other costs in addition to your deposit is a common way to provide proof of funds.
If your deposit is 10% or less, we’ll ask for proof of genuine savings– a bank statement showing regular savings deposits should cover most situations

If you’re buying a home under the First Home Guarantee or Family Home Guarantee you’ll need to complete the Home Buyer Declaration Form and provide some documents relevant to the Guarantee you’re applying for. Your Home Loan Specialist will provide more detail about what you’ll need and can answer any questions you may have.

Explore home loans

Basic Variable Home Loan

Discounted rates from

6.04

p.a.

Comparison rate^{^}

6.10

p.a.

All the features you need and nothing you don't.

Owner occupier, principal & interest, LVR 70% or less. Includes discount on new and additional lending. Min. loan amount applies.^2,3,4

Offset Variable Home Loan

Discounted rates from

6.14

p.a.

Comparison rate^{^}

6.20

p.a.

100% offset home loan that makes saving on interest easy.⁸

Owner occupier, principal & interest, LVR 70% or less. Includes discount on new and additional lending. Min. loan amount applies.^2,3,4

Fixed Rate Home Loan

2 year fixed rate

6.40

p.a.

Comparison rate^{^}

7.73

p.a.

A competitive fixed rate plus the flexibility to pay up to $30,000 in extra repayments during the fixed term.⁹

2 year fixed rate, owner occupier, principal & interest.^5,6

See all home loans

Connect to a Home Loan Specialist

Enquire now

Complete the form and we’ll connect you with one of our experienced Home Loan Specialists.

Call us on 133 282

Mon - Fri: 9:30am - 4:00pm (AEST)

Important Information

Rates are current as at 22 May 2026 and subject to change.

Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions, and fees apply. Applications are subject to credit approval.

² Discounts off the Basic Variable and Offset Variable Reference Rate are available to (a) new home loans with a minimum application amount of $100,000; or (b) switching or restructuring of the home loan you already have with us when it includes new borrowing of at least $10,000; for new home loan applications unconditionally approved on or after 22 May 2026. Published interest rates are inclusive of any discounts off the respective Reference Rates. Interest rates and discounts vary based on the loan purpose (owner occupier and investor), repayment type (principal and interest, interest only, construction) and Loan to Value Ratio (LVR). Maximum LVR applies and includes Lenders' Mortgage Insurance and Great Southern Bank loan setup fees where applicable.

³ Great Southern Bank may withdraw or amend this offer at any time without notice. A change in your loan purpose, your repayment type or your loan product will permanently end your entitlement to the discount.

⁴ LVR means ‘Loan to Value Ratio’. It is the amount of your loan divided by the valuation of your property, calculated as a percentage. For example, if you apply for a loan of $400,000, which will be secured by a property valued at $500,000, your LVR is 80%. We calculate your LVR at the time we approve your loan and your discount won’t change because of changes to the LVR during the life of your loan.

⁵ Fixed Rate loans are available to (a) new home loans with a minimum application amount of $100,000; or (b) switching or restructuring of existing home loans. Maximum Loan to Value Ratio applies and includes Lenders' Mortgage Insurance and Great Southern Bank loan setup fees where applicable.

⁶ On expiry of the fixed rate period, the loan reverts to the Basic Variable Reference Rate relevant to your loan purpose and repayment type which applies at the time of expiry.

⁷ A $200 minimum withdrawal amount applies for redraws conducted in-branch.

⁸ You must maintain a minimum balance of $500 in each offset account to obtain an offset benefit. You will also not receive any interest on the funds in your offset accounts.

⁹ A daily transfer will refund any amounts paid in advance in excess of the total advance repayments allowed during the fixed rate period ($30,000) unless sufficient to pay out the loan in full (in which case an Early Payout Cost may apply). Excess funds will be transferred to the nominated deposit account, which must remain open for the fixed rate period.

^{^} Comparison rate accurate for $150,000 secured loan over 25 years. 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.