Self employed

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

Full-time and permanent part-time PAYG roles

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

Dependent contractor PAYG roles

• you've held your job for 6 months, or had 2 years of continuous service in the same industry

Casual PAYG roles

• you've held your job for 12 months, or 6 months if you’ve had 2 years 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, absolutely. It’s the same application for all home loan variations however there are some eligibility requirements you’ll need to prepare:

• provide your registered ABN
• have been self-employed for at least 1 year
• provide your most recent business tax return AND your most recent personal tax return together with the 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

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

The only difference as a self-employed person compared to a PAYG customer, is that we won’t be able to instantly validate your income by linking your bank accounts.

Instead, you’ll need to upload your business financial statements and tax returns, as well as your personal tax returns and notice of assessment. Then one of our team of Credit Assessors will review them to assess your application. It’s not as fast as our tech, but you’ll still get an answer much faster than your average lender, because they're only checking the parts of your application that our tech couldn't.

Learn more about applying as a self-employed applicant here.