Self-Employed? Here's What You Need to Know

Here's what you need to know based on your employment type.

Full-time, permanent part-time, dependent contractor and casual PAYG roles

• you've held your job for 6 months, or had 12 months of continuous service in the same industry

Self-employed roles

• you've traded for 1 year, and meet our other self-employment criteria

If your situation is outside these categories and we are unable to approve you for a Tiimely Own home loan, you’ll have the option of accessing our Tiimely Home Brokers where your application will be assessed against our panel of 30+ lenders and 1000s of home loan options without you having to reapply. ​

At Tiimely Home, our Tiimely Own home loans are exclusive to us and only available online. Applying is quick and simple, however to make the application process smoother, you can to check your eligibility before you start.

If you answer yes to the eligibility questions, you’ll be able to apply for a Tiimely Own home loan. However, if you are not eligible, we’ll still be able to help find you a home loan via our Tiimely Home brokers.

These questions can help get you started:

• Are you buying or refinancing an established property (not off-the-plan or under construction)?
• Is the property in a capital city or major regional centre?
• Do you want to borrow at least $150k (and no more than $7.5m)? If borrowing more than $2m, do you have at least a 25% deposit?
• Do you have at least a 10% deposit or equity, plus savings to cover fees and charges such as stamp duty?
• Are you currently employed (either on a salary or self-employed)?
• Do you have at least one form of government ID, such as a passport, An Australian driver’s licence or Medicare card?
• Are you an Australian citizen or permanent resident who lives in Australia?

Want to learn more about the home loans we offer? Check out our home loans page.

Still have questions? Check our FAQs or speak to our Home Loan Specialists via Connecting.... They’re home loan experts, local, and available now.

Yes. The application process is the same, but you'll need to meet these requirements:

• Provide your registered ABN
• Have been self-employed for at least 1 year
• Provide your most recent business and personal tax return with notice of assessment
• Be registered for GST If your turnover is more than $75,000p.a.
• Have a good credit history
• Meet our standard eligibility criteria

Financial validation requirements: Tiimely Own home loans require a year's worth of up-to-date tax returns or business financial statements.

Unlike PAYG applicants, we can't instantly validate your income through bank account linking. You'll upload your business financial statements, tax returns, and notice of assessment instead. Our Credit Assessors will then review your application.

While not instant, you'll still receive an answer much faster than traditional lenders. Our assessors only review what our technology couldn't validate.

Find out more about applying as a self-employed applicant.