Eligibility Requirements:
- Must be an Australian citizen or permanent resident
- Minimum age of 18 years
- Proof of steady income and employment
- Good credit history
Commonwealth Bank’s Home Loan Application Steps:
- Visit the Commonwealth Bank website.
- Fill out the online application form.
- Submit necessary documentation (e.g., ID, employment details).
- Await pre-approval.
- Once approved, select your loan terms and finalize the application.
Frequently Asked Questions
How long does it take to get approved for a Commonwealth Bank Home Loan?
It typically takes 1-2 business days for approval.
Is it required to explain why credit is being used?
No, it’s not required to explain the purpose.
Do I need to have a good credit score to be approved for a Commonwealth Bank Home Loan?
Yes, a good credit score is preferred.
Can I apply for a loan if I am self-employed?
Yes, self-employed individuals can apply.