Plan property financing before you book

Property financing guide

Plan property financing before you book

Loan eligibility and personal affordability are not the same. Prepare your income and commitment information early, estimate the complete cash requirement and keep enough monthly room for changing circumstances.

Buyer-first checklist

Compare what affects the decision

Prepare the documents

Income evidence, bank statements, identification and existing commitment records help qualified advisers assess the application.

Estimate the full cash need

Include deposit, legal and financing costs, valuation, furnishing and any amount not covered by a package.

Test monthly affordability

Consider instalment, maintenance, sinking fund, utilities, insurance and existing household commitments together.

Keep a safety margin

Allow for rate changes, repairs, vacancies or income changes rather than relying on the maximum possible approval.

Frequently asked questions

Questions buyers commonly ask

Does pre-approval guarantee the final loan?

No. Final approval depends on the lender assessment, property, documents and conditions at that time.

Should I apply to more than one bank?

Comparing suitable financing options can be useful, but obtain advice on applications, credit checks and timing.

Is a lower monthly instalment always better?

Not necessarily. Compare tenure, total financing cost, rate structure, flexibility and your wider financial plan.

Continue comparing

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