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Home loans for self-employed
Whether you’re a sole trader, a freelancer or you run your own business – we’ve got you covered when it comes to your home loan. Take advantage of our simple income eligibility assessment and competitive rates.
Flexible work, flexible home loan
Featured home loans
Whether you are running your own business or are self-employed, you can choose any fixed or variable rate home loan options that suit your needs.
Simple home loan
Flexibility, pay for features you need.
- No application fee (usually $695)
- No ongoing fees
- $10 monthly fee for offsets. 1 Offset Transaction Account must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loans. Other exclusions apply. Account holders must be 18 years or older. Other fees and charges may apply. Credit interest is not payable on this account. Where a monthly offset fee applies, it will apply to each offset account held.
6.29%
p.a.
Variable rate
6.32%
p.a.
Comparison rate
LVR
up to 60%. Loans sizes from $20,000.
Understand the comparison rate
.
Fixed Rate Home Loan
Great if you want the certainty of consistent repayments.
- Application fee: $295 (usually $695)
- $12 monthly maintenance fee during fixed term
- Include one offset account at no extra cost during fixed term.
2
Offset Transaction Account must be held in the same name as the loan account. Other exclusions apply. No offset fee applies during the fixed term although a $12 monthly loan maintenance fee applies. At the end of the fixed term, a $10 monthly offset fee applies per offset account. Monthly offset fee is charged to the offset account, not the home loan.
6.09%
p.a.
3 year fixed rate
8.20%
p.a.
Comparison rate
LVR
up to 80%. Loans sizes from $20,000.
Understand the comparison rate
.
Rates shown are for principal and interest repayments. Different rates apply for interest only.
Home loan applications look a bit different
Documents you’ll need to provide
Lenders will ask for proof of your financial status, including your income. For sole traders, freelancers and business owners, this could be in the form of:
- Business tax returns
- Personal tax returns
- A recent notice of assessment from the ATO
- Bank and financial statements from your business.
If you can’t provide the documents listed above (for example, because your tax returns have not been finalised yet) lenders might accept the following instead:
- Proof of ABN and GST registration for your business
- A reference from an accountant verifying your financial legitimacy
- Personal tax returns no older than 20 months
- Payslip from your business confirming your current salary.
Dedicated lending specialists
We're available seven days a week, including evenings.
Save on home loan interest
You could pay your home loan off faster with up to nine offset accounts. 1 Offset Transaction Account must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loans. Other exclusions apply. Account holders must be 18 years or older. Other fees and charges may apply. Credit interest is not payable on this account. Where a monthly offset fee applies, it will apply to each offset account held.
Easy applications
Track the progress of your home loan application and sign important documents digitally from anywhere.
Award-winning
MFAA ‘Non-Major Lender of the Year’ for seven years running, Australian Mortgage Awards ‘Bank of the Year’ twice, and Mortgage Business Non-Major Bank of the Year 2024.
Frequently asked questions
There are a range of choices for self-employed borrowers – you could go with a variable or fixed rate, a simple or complete package, principal and interest or interest only repayments. The right product depends on your needs and what your objective is – perhaps you want a loan that offers credit cards and multiple offset accounts, or maybe you’d prefer something simpler. Whether you want to build or buy will also feed into this decision.
Yes. A minimum of 18 months ABN registration is acceptable where the LVR is less than 80%.
Tip: If you can prove that you have experience in the industry, this can speed up the application process. Keep old payslips and get references from your former employers.
Use our borrowing calculator to work out how much you could borrow for a home loan to buy a house and what your home loan repayments might be.
Your Notices of Assessment are in your MyGov inbox – check out the Australian Government ATO site for more info.
Get in touch for home loan related queries
Whether it's after hours or on the weekend, let us know what works for you and we'll make it happen.
Keep exploring
- Learn about our variable rate home loans and fixed rate home loans
- Check out our Home loan guide to self-employed borrowers
What’s the comparison rate?
It’s a tool that can help you identify the truer cost of a loan. It’s calculated using a standard formula that includes the interest rate, as well as certain fees and charges relating to a loan (not all fees and charges are included).
Comparison rate warning:
Comparison rate is calculated on the statutory assumption of $150,000 loan over 25 years but the minimum required loan amount is $200,000 for the Complete Home Loan Package. Different rates apply for different loan amounts and may depend on the duration of a fixed rate period or the ratio of the loan amount to the property value. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Loan to Value Ratio (LVR) is the portion of money you are borrowing in relation to the value of the property.
- Offset Transaction Account must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loans. Other exclusions apply. Account holders must be 18 years or older. Other fees and charges may apply. Credit interest is not payable on this account. Where a monthly offset fee applies, it will apply to each offset account held.
- Offset Transaction Account must be held in the same name as the loan account. Other exclusions apply. No offset fee applies during the fixed term although a $12 monthly loan maintenance fee applies. At the end of the fixed term, a $10 monthly offset fee applies per offset account. Monthly offset fee is charged to the offset account, not the home loan.
Lending and eligibility criteria, and fees and charges, apply for our home loans. Rates are subject to change. The Complete Home Loan Package consists of an eligible home loan, one optional eligible credit card per customer and up to nine optional Offset Transaction Accounts per loan.
Other fees may apply, including government and bank fees. A full list of fees will be set out in your home loan contract.
Digital signing – some exclusions apply. Due to state laws, restrictions apply to digitally signing the Mortgage Form in some States and Territories. Customers must have access to a device (computer or tablet recommended) with internet and email access.
DocuSign is a registered trademark of DocuSign, Inc.
Some exclusions apply for the use of the Home Loan application tracker.