How to apply for a home loan.

To check the loan meets your needs and is affordable for you, we need details of your income, expenses, proof of deposit, the amount you want to borrow, and the property details, if you have them.

The list below outlines what you should provide, to help get your application sorted as quickly as possible.

• If you're new  to Westpac: We will need to verify your identification and proof of your current address. Read more about acceptable forms of identification and address verification. 
  
  
• The amount you want to borrow and what the loan is for: For example, to buy a home, build a new home or buy an investment property.
  
  
• Property details: The type of home you're looking to purchase or if you’ve already made an offer to purchase a property, we’ll need to see your signed sale and purchase agreement.
  
  
• Liabilities:
• • If you have a home loan or personal loan elsewhere, we’ll need either bank statements or loan agreement/documents that show your current loan balance, loan limit, remaining loan term, loan interest rate, and current loan repayment amounts and frequency.
    
    
  • For any other debt, such as student loans, hire purchases, Buy Now Pay Later or credit cards, we’ll need statements from the finance company or provider.
• Deposit: This could be from savings, KiwiSaver, other funds, or gifts.
  
  
• Income: If you are a salary or wage earner, you will need to provide one or more of the following: transaction records such as bank statements, certified transaction lists, categorised income and expenses reports, or payslips, employment contract/letter or income tax assessments.
  If you are self-employed, you will need to provide your latest financial statements or your recent IR3B, IR4 and IR10 for business income or IR3 for personal income for the latest 12 months or the last financial year confirming annual gross income.
  
  
• Expenses: Please provide details of your food and groceries, clothing/personal expenses, transport/vehicle running costs, power/gas/water/internet/phone, state education/childcare, required medical expenses and other essential living costs.
  Additionally, we may also need proof of your rent/board, child support/maintenance, rates/property insurance/body corporate, superannuation contributions, private school/education, personal insurances and other fixed commitments.

Once you have a conditional approval there are a few key steps you'll need to take:

• Find a house that you could call home
• Do your homework: get builder and council reports, and a valuation
• Arrange for a solicitor to handle the legal and financial details
• Make your offer (this can be conditional or unconditional), or bid at auction. Learn more about the ways to buy.
• Check the details and sign the sale and purchase agreement
• Talk to us about the best way to structure for your new home loan, once your offer has gone unconditional, or you've bought at auction
• Sign the home loan documents with your solicitor.
• Book the movers
• Pay the balance at settlement and move into your new home!
• Check the details of your first home loan repayment. It's easiest to make sure your repayment dates coincide with your pay day.

¹ Conditional approval requires a credit check, confirmation of the details provided in your application and responsible lending inquiries. Other conditions may also apply depending on the nature of your application.

Westpac's home loan lending criteria, terms and conditions apply. A low equity margin may apply.

Documents and fees

See the detailed terms and conditions, and fees, for our home loans:

• Choices Home Loan Summary - Sample
• Choices Everyday Home Loan Summary - Sample
• Choices Home Loan Terms and Conditions
• Choices Everyday Home Loan Terms and Conditions
• Transaction and Service Fees
• Westpac General Terms and Conditions

View terms and conditions for all our home lending products here.