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What to Expect from the Application Process

Our Tiimely Home application is different to traditional applications. It’s not a manual form filled out digitally, but a live application that assesses your information and eligibility in real time.

Beginning the application

Starting with your eligibility, we'll ask a few basic questions about the property you'd like to purchase. We run a quick check on the property to make sure it fits our property criteria, and then we'll ask about your priorities for having a home loan. Our system will recommend a loan product for you (for example, a Variable Live-In Principal and Interest home loan or a 2-year Fixed Live-In Principal and Interest home loan).

At this stage, we’ll ask for some personal information such as your name and D.O.B., then digitally verify a form of your ID. You can use your Driver’s Licence, an Australian passport, your Medicare card or a foreign passport with an Australian Visa.
Note: It’s at this point, that we run a credit check which will appear as a credit enquiry on your credit file.

About your financials

We'll ask for information on your current financial situation where you'll have the opportunity to provide a considered estimate of your income and expenses, as well as information about your current commitments (such as any existing home or car loans).

Then to verify the information, you can securely link your bank account(s) so our in-house tech can access read-only copies of your transaction statements. This is a secure process and no one at Tiimely Home has access to your bank logins.

If you’d prefer, it’s possible to manually upload copies of your transaction statements, but it may take a little longer.

After you submit your financials, our application will be digitally assessed and if you're approved, the next step is the settlement process.

If there's something we need to review further, one of our Credit Assessors will be in touch to work with you to finalise any information we need.

Where do I add my partner's income?

Both you and your partner need to provide evidence of your financial position. This information will be required separately with the primary applicant listed first and once this has been successfully provided, the application will run through the same questions for the second applicant to fill in.

We'll only ask you to provide an estimate of your household expenses once. As part of this section, it’s important to consider your combined expenses as we won't ask each of you for separate expense estimates. This information is required as the primary applicant is filling in their financial information, and before we ask the secondary applicant to provide their financial information.

And that’s all you need to do.

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Important information about rates
*Tiimely Own products are subject to loan-to-value ratio (LVR) requirements, eligibility and credit criteria and terms and conditions. Rates apply to new Tiimely Home customers only and are subject to change without notice.

**The rates shown for products available from panel lenders via Tiimely Home brokers are current based on information from panel lenders and are subject to change without notice. The home loan with the lowest current interest rate is not necessarily the most suitable for your circumstances, you may not qualify for that particular product and the product may not include all the features relevant to you. All applications are subject to lender assessment and approval, and eligibility requirements and terms and conditions apply.

^Comparison rates are based on a loan amount of $150,000 over a 25-year term. They factor in fees associated with applying for the loan, ongoing fees and fees associated with leaving the loan. Tiimely Own fixed loans roll to a variable principal and interest rate at the end of the specified fixed term. If the interest only period is not specified, the comparison rate is calculated on a 5-year period.

WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Other important information
+Tiimely Home is known for its fast approvals for Tiimely Own products and responsive service, powered by our technology and supported by our team of experts. Application and approval times are estimates only and not guaranteed. Turnaround times are dependent on individual circumstances. Applications for a Tiimely Own loan may require an assessor to obtain more information. Assessment times for home loan applications made via Tiimely Home brokers are dependent on individual panel lenders.

The information provided does not constitute an offer of credit and does not take into account your objectives, financial situation or individual circumstances. We recommend seeking independent financial, taxation and legal advice to check how the information provided aligns with your individual circumstances.

Tiimely Home receives commissions from Tiimely Own loans and, where customers apply for a loan with the assistance of a Tiimely Home broker, from loans settled with panel lenders. Tiimely Home brokers do not receive individual commissions. More information about the credit services provided by Tiimely Home is available in the Tiimely Home Credit Guide (PDF) and Tiimely Home Broker Credit Guide (PDF).