There are various types of documents which you’ll need to supply as part of your car loan application to Greater Bank. It’s important to have all of these in advance of your application to ensure it runs smoothly. These include:

Proof of identity

You’ll need to supply one of:

• Your driver’s licence
• Your passport
• Another card which includes your photo and signature

Proof of income

If you’re a PAYG employee, you’ll need to supply evidence of income deposited into your account from the past three months and one of the following:

• Your two most recent consecutive payslips, which are no more than four weeks old
• A letter signed by your employer on company letterhead stating either your gross annual income and role or your position, length of employment and employment status

If you’re self-employed, you’ll need to supply:

• Personal and business tax returns
• Financial statements
• Notices of Assessment from the ATO from the last two years consecutively

If you receive income from other sources, you’ll also need to supply adequate documentation of these. The following may be included:

• Family Tax Benefit: a letter from Centrelink from within the past six months indicating the type of benefit and what data was used to calculate your payment, as well as bank statements showing your two most recent payments
• Rental income: a current letter written by the Managing Real Estate Agent of your property or bank statements showing the three most recent months’ worth of rental income
• Child support: a Letter of Assessment form provided by the Child Support Agency from within the last six months and three months’ worth of bank statements showing your payments

Information on liabilities

You’ll need to show evidence of any outstanding debts as part of your car loan application, which may include:

• Six months’ worth of statements for a home loan
• Three months’ worth of statements for a personal loan
• Your most recent statement for a credit card, store card or interest-free loan

Information on expenses

On top of this, you’ll be required to supply one of the following if you’re renting a property:

• Receipts or rental statements from a real estate agent
• Three months of bank statements from a Greater Bank account to show your transactions

Information on your vehicle

Various documents will also be required in relation to your vehicle, which will include:

• Registration papers for privately purchased vehicles
• An invoice for dealer-purchased vehicles
• A vehicle inspection certificate if you’re applying for more than $60,000
• If you’re refinancing, your current registration and comprehensive insurance documents

The application process may seem complicated, but it doesn’t have to be. By applying with Savvy, you can gain access to a wide range of more than 40 lenders and expert guidance from our diligent consultants to maximise your chances of getting approved for the best car loan. You can apply with us today and drive away in your new car in as few as 48 hours.