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Want a speedy refinance process? Here are the documents you'll need to gather

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If you’re considering refinancing, there are a number of documents that you need to gather to make sure that the process is smooth and efficient. Most of the documentation required will be the same as when you applied for your original loan. When you refinance, you will have to share information regarding your current loan and property details.

You can upload all of the following documents using online home loan platforms like Lendi to enjoy a speedy, convenient process.

Here’s what you need to know:

Personal identification

When refinancing, you need to be able to produce a few forms of personal identification. Ideally, you should provide your:

  • Birth certificate
  • Passport
  • Driver’s licence
  • Medicare card

If you aren’t able to provide these key forms of ID, you may be able to provide your bank card, concession/pensioner card and/or tertiary student ID.

When using an online home loan platform like Lendi, identity verification is a bit easier. With Lendi, you can upload a photo of your ID and a selfie while our smart technology and experts verify you.

Income statements

Just like it was when you got your loan initially, proof of income is a key part of refinancing. Proof will depend on how you are employed. Self-employed people, for example, may require more documentation than someone employed by a company. Generally, you will need to show:

  • Recent payslips
  • PAYG statements (if applicable)
  • Income statement (formerly known as a group certificate or payment summary)
  • Rental income
  • Centrelink payments

Expenses and spending habits

It’s important to evaluate your spending habits far in advance of applying to refinance. If a lender sees that you have recent poor spending habits, they may see you as a potential liability who might not be able to make monthly repayments. Poor spending habits could look like frequent online shopping or dining out.

To evidence your expenses, you need to show recent bank statements. Lenders will also take into account factors such expenses related to children (e.g. private schooling, extra-curricular activities and childcare), utility costs, health expenses, insurance and recreational/entertainment costs.


By declaring your assets, you give lenders a clear picture of your financial situation. Your assets are assessed to indicate your risk as a borrower. Here are some examples of what you’ll be required to provide details on:

  • Cars and vehicles
  • Properties you own
  • Your home contents (furniture and décor) value
  • Investments, shares and stocks
  • Savings
  • Superannuation

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Your liabilities are any debt or financial obligations that you have. Again, by declaring these on your application, you indicate your risk to the lender. Liabilities may include:

  • Any other home loans
  • Personal, student and car loans
  • Credit card debt

You will need to provide recent statements for these liabilities.

Other documentation required

Since you are refinancing, you must provide details of your current loan and property. Such details may include:

  • Loan term and remaining balance
  • Any exit fees (home loans after 1 July 2011 aren’t subject to exit fees)
  • Any break costs that may apply if refinancing from a fixed rate loan
  • 6 months worth of repayment statements for your home loan

Other property details:

  • Council rates notice
  • If you are looking to refinance your loan to pursue renovation projects, you will need to produce council-approved plans
  • Building Insurance Policy for your home

How much can you save by refinancing?

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The information in this post is general in nature and should not be considered personal or financial advice. You should always seek professional advice or assistance before making any financial decisions.

Tags: interest rate, refinance, home loan, loan term

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Important legal stuff

Lendi is the trading name of Lendi Pty Ltd (ACN 611 161 856), a related body corporate of Auscred Services Pty Ltd (ACN 164 638 171, Australian Credit Licence 442372). We will never sell your email address to any third party or send you nasty spam, promise.
# Quoted rate applies only to PAYG loans with LVR of 80% or less with security in non-remote areas. All applications are subject to assessment and lender approval.
Lendi is a privately owned and operated Australian business. Our mission is to change the way Australians get home loans by providing a faster, smarter and more secure home loan experience designed around the customer’s convenience and needs. Although Lendi compares over 1600 products (2,500+ products including feature and pricing variations) from more than 35 lenders, we don't cover the whole market or compare all features and there may be other features or options available to you. While Lendi is 35% owned by founders and employees, we have also been supported by some great minority shareholders including Bailador, Macquarie Bank Ltd and a number of Australian sophisticated investors.
*WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The comparison rates are based on a loan amount of $150,000 over a loan term of 25 years. Fees and charges apply. All applications are subject to assessment and lender approval. Quoted rate applies only to PAYG loans with LVR of 80% or less with security in non-remote areas. All applications are subject to assessment and lender approval.
IMPORTANT INFORMATION: Loan terms of between 1 Year and 40 Years are available subject to lender and credit criteria. Maximum comparison rate will not exceed 14.99% (see comparison rate warning above). Any calculations or estimated savings do not constitute an offer of credit or a credit quote and are only an estimate of what you may be able to achieve based on the accuracy of the information provided. It doesn't take into account any product features or any applicable fees. Our lending criteria and the basis upon which we assess what you can afford may change at any time without notice. Savings shown are based on user inputted data and a loan term of 30 years. All applications for credit are subject to lender credit approval criteria.
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