Applying for a home loan

Apply for a home loan.

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Get approval faster with a full home loan application

Making a full home loan application, rather than applying for approval-in-principle, makes it quicker for us to process your application. That's because we start with all the information that we need.

So long as you're properly prepared it's quick and easy to complete a full home loan application.

Do you have all the information you need?

Use our Home loan application checklist [PDF, 579KB] to make sure that you have everything you need. The things we'll ask you about include:

  • your income
  • your monthly expenses
  • any assets you have, including properties, vehicles, investments, and bank accounts
  • financial liabilities like loans and credit cards (including store cards).

After you apply

Step one: We speak with you

We'll give you a phone call to talk through your application and make sure that the loan you've applied for suits you. We'll let you know if there's anything else you'll need to do, or anything else that we need you to give us.

Step two: We check your information

We check that we have all the documents we need, that your information is correct, and that you pass a credit check (through a reporting agency). The Home loan application checklist [PDF, 579KB] lists the information we need for verification.

Step three: Valuation and getting ready for settlement

If you’re buying a new home:

  • you’ll need to provide us a copy of your ‘Contract of Sale’ and, if you have it, the ‘Transfer of land’
  • we'll also need contact details for your solicitor or conveyancer.
  • we might need to complete a valuation of your home

If you’re refinancing an existing loan, we’ll arrange a valuation.

Step four: Formal approval and signing of the loan contract

We’ll let you know that we've formally approved your loan. Then we will send you the documents for signing. You will need to sign all the documents and return to us via mail send the document to any NAB branch in person.

If you're refinancing: that's the end of the process.

If you're buying your first home: We’ll already have advised you whether you’re eligible for the First Home Owner’s Grant (FHOG). If you are, we’ll help you apply.

Step five: Settlement, and moving into your new home

Your solicitor or conveyancer will handle settlement for you. Based on your property sale contract we'll arrange a settlement date with them. On that date we'll meet with the seller to complete your house purchase for you.

We'll send you the loan documents that you need to sign. You can return them to any NAB branch, or post them to us

On the settlement day your solicitor or conveyancer will let you know whether the settlement was successful and when you can collect the keys.