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Home Loan Application

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Home Loan Application Home loan application. Applying for your home loan – getting started. Step 1 Complete and sign this Looking for the full banking service? Need help? application form. You can also use this form to apply for: • Contact us on 13 15 63 Monday Step 2 Attach all supporting • Frank credit card to Friday 8am – 8pm or Saturday documents. See the section • Everyday Transaction Account with 9am – 5pm (AEST/AEDT) on this page for what you’ll a Debit Mastercard® • Contact your local Mobile need to provide. • Member Package (saves on home loan Banking Manager Step 3 Return your application to ME fees and offers a special variable rate) (see page 16). To apply you must: Be at least 18 years of age Be an Australian citizen or permanent resident of Be applying in personal name(s) – not as a company Australia OR Be a New Zealand citizen residing in Australia Supporting documents. Income details. Salaried employees Self-employed Rental income. 1 payslip. Must be less than Certified annual financial A current tenancy agreement 4 weeks old (or less than 6 weeks statements. The last 2 most recent showing commencement date old if you’re paid monthly). years of statements (the most and end date; OR Most recent PAYG summary recent being no more than 18 Rental statement issued by the or Income Statement (Tax Ready months old) are required if income managing agent or property Status)/personal tax return/notice is obtained from your company or manager no older than 90 days. trust; AND of assessment, no older than Investment income. 14 months. Complete business and personal A copy of your employment tax returns. The last 2 most 2 years tax returns (confirming contract if you’re a PAYG recently lodged years returns are income from shares, Airbnb, short contracted employee required (the most recent being no term/holiday rentals, commercial Note that your employment more than 18 months old); AND property rental and all other contract must include all Tax assessment notice. The most investment income) components of income; including recent notice no older than 18 Government income. remuneration amount, payment months, is required; AND A Centrelink statement or frequency and proposed hours of An interim bank or transaction equivalent confirming the benefit work. statement no older than 7 days at amount – must be less than Other income. Provide bank loan submission which includes the following: 6 weeks old OR or other statements. (e.g. salary Your most recent bank statements sacrifice, Centrelink payments). • Your name (at a minimum – surname and initials) or your showing regular payments for the business’ name; last 3 months • A minimum of 90 days Superannuation income. transaction history; A superannuation statement or equivalent confirming the income • Credits or deposits evidencing amount – must be less than consistent trading income ; OR 6 weeks old; OR Latest 2 quarterly Business Activity Statements (BAS). Your most recent bank statements showing regular payments for the Other income. Provide bank or last 3 months other statements. (e.g. Centrelink payments). Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Members Equity Bank Limited ABN 56 070 887 679 AFSL and Australian Credit Licence 229500. 1 Supporting documents (continued). Loan purpose. Property purchase Construction Refinancing/Consolidating debt Evidence of deposit. <90% LVR Evidence of deposit. Evidence Loan statements. If refinancing evidence as appropriate. >90% LVR as appropriate. non-ME home loans or personal statements for the last 3 months Building contracts. Provide loans, provide last 6 months are required or other suitable a signed copy of the building consecutive statements for any evidence. contract. loan where a COVID-19 repayment Contract of sale. Complete signed, pause/support has been or is in dated and legible copy of contract place, an additional 6 consecutive of sale including all appendices/ months of bank statements annexures (excl. NSW & ACT). immediately preceding the Vendors statement. Provide a copy commencement of the COVID-19 of the Section 32 (VIC customers only). support period must be provided. Credit card statements. If refinancing non-ME credit cards, provide last 3 consecutive statements. For Refinance involving marital separation. A copy of a binding financial agreement signed by both parties accompanied by a statement of independent legal advice (signed by respective lawyer for each party); or Court order. Cash out/Equity release supporting documentation. If applicant(s) are: • Self-employed /independent contractor and the equity release/cash out exceeds $50,000. OR • All other applications where the equity release/cash out exceeds $100,000. Acceptable documentation includes: Fixed price building contract, a contract, quotes or invoices, confirmation from accountant or financial planner as to intended use for funds or other suitable documentation; e.g detailed letter signed by all borrowers outlining intended use of the cash out. Personal details – applicant 1. Personal details – applicant 2. Are you an existing ME customer? Applying as Borrower Guarantor No Yes Account number If you are on/to be on the certificate of title and have not applied as a borrower, you must apply as a guarantor. Title (Mr/Mrs/Miss/Ms/other) Given name(s) Are you an existing ME customer? No Yes Account number Family name Date of birth Title (Mr/Mrs/Miss/Ms/other) Given name(s) D D M M Y Y Y Y Email address Family name Date of birth D D M M Y Y Y Y Email address Your relationship to applicant 1 Loan product – select the type of loan. Basic Home Loan – Get back to basics with our no-frills, variable rate home loan – low interest rate, fees and stress. Flexible Home Loan – Customise to your heart’s content. With options to fix, split or offset, you can create a loan to fit your lifestyle. Loan purpose. Primary purpose. Owner occupied Investment ME USE ONLY: PROMO CODE Members Equity Bank Limited ABN 56 070 887 679 AFSL and Australian Credit Licence 229500. 2 Purpose (select all that apply). Property purchase Construction — registered builder Cash out/Equity release Refinance Please specify if there are any additional details of loan purpose: Are you a first home buyer using the First Home Owners Grant? Yes No Construction (only complete for construction). If you’ve selected ‘construction’, will you be: Buying land and starting construction Constructing on your own land Loan purpose (continued). Cash out/equity release (complete where there is a cash out or equity release component for this loan). Is there a cash out component for this loan amount? No Yes If yes, please complete additional details below. Cash out amount $ Cash out reason Renovations Vehicle purchase Boat/Caravan/Trailer Furniture/Appliance purchase Travel Investment Other, please specify Please comment on why you want to apply for a cash out/equity release. Loan amount and structure. Borrowing amount $ Variable Fixed for years (between 1-7 years) The fixed option is only available on a Flexible Home Loan.* Loan term years (between 5-30 years) If you are purchasing, will you be contributing any funds? If yes, please specify the amount $ and type of contribution. First Home Owners Grant Sale proceeds Cash/Savings Gift Other, please specify Split loan option – for flexible home loans only. Facility 1 Facility 2 $ $ Variable Variable Fixed for years (between 1-7 years) Fixed for years (between 1-7 years) * Please think carefully whether fixing the interest rate on your loan is suitable for your financial circumstances and if you are unsure, we suggest you obtain independent financial advice. Further information regarding choosing to fix your loan will be sent to you. Repayment details. Principal and interest Interest only for years (between 1-5 years) Payment frequency. Weekly Fortnightly Monthly Payment method. Direct debit Salary credit/Direct credit Members Equity Bank Limited ABN 56 070 887 679 AFSL and Australian Credit Licence 229500. 3 Offsetting your loan with an Everyday Transaction Account – for Flexible Home Loans only. Complete this section if you would like to link an Everyday Transaction Account to your loan. Note: To link an existing/new Everyday Transaction Account (ETA), your ETA must be in the same name(s) as the loan. I/We would like to link my existing Everyday Transaction Account as my/our offset account. Insert your current Everyday Transaction Account number I/We would like to open an Everyday Transaction Account as my/our offset account. Your account will be in the same name(s) as the loan. If you’re applying for a new Everyday Transaction Account, please choose your card colour: Avocado Green. Pineapple Yellow. Pink. Lobster Red. Shark Blue-Grey. Applicant 1 Applicant 2 If you have chosen a split loan, please indicate which loan facility you would like to offset. The offset account must be linked to a variable loan facility. Facility 1 Facility 2 Financial claims scheme. For peace of mind, it’s good to know that the Financial Claims Scheme (Scheme) covers your deposit account. And it might entitle you to payments under the Scheme, which are subject to a limit for each depositor. The Australian Govenment’s Financial Claims Scheme website fcs.gov.au and the APRA hotline on 1300 55 88 49 are the go-to places for more information about the scheme. Customer relations. At ME, we are committed to building a reputation for excellence in customer service that includes delivering on our promises. If for some reason our service does not meet your expectations, please contact us on 13 15 63 to find out about our dispute resolution procedures. ME is a member of the Australian Financial Complaints Authority (AFCA). Member Package application – for flexible home loans only. Complete this section if you would like to purchase a Member Package.
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