Everything PAYG borrowers need to know—no jargon, just the rules that matter.
The Non-Negotiables
- Freestanding house security in a normal street, highly marketable condition.
- Minimum $300,000 loan drawdown at settlement.
- Settle within 60 calendar days of application on a two-way no-fault basis.
- Declare your intent to claim at application (≤ 7 days maximum).
- Construction, relocation, and internal refinances are excluded. Units / apartments / townhouses / strata are excluded.
Timing Matters
Applications submitted from 1 October to 1 February each year are not eligible.
Documents You’ll Typically Need
- Recent PAYG payslips and employment verification
- Identification for AML/CTF checks
- Bank statements
- Contract of sale (purchases) or loan statements (refinances)
