In order to assess your loan application, we will typically request the following:

  • Identity verification
    • Passport
    • Birth certificate
    • Australian driver's licence
    • Credit Card statement
    • Household bill (e.g. rates, phone, electricity, etc)
  • Income verification
    • Copy of a payslip dated within the past four weeks/covering the period of the past four weeks; or
    • Copies of the past two years of Income Tax returns and assessments; or
    • Copy of the latest tax return, along with profit and loss statements and balance sheets for the past two years (where the applicant is self-employed).
  • Proof of savings (not held with Queensland Country Bank)
    • Copies of account statements (dated within the past 3-6 months)
  • Details of living expenses
    • Minimum one month most recent statement; or
    • Three months, where required for genuine savings
  • Statements for any existing debts (dated within the past 3-6 months)
    • Credit card statements
    • Store cards or charge cards
    • Any other current debts or loans

Listed below are some of the things we may also need to assess during the application. The more information you can provide to us when you make your application, the faster we're able to make a decision for you.

Details of what you own

  • Include other property details, furniture, vehicles, life insurance and other major assets.

Details of your purchase

  • Quote from the car yard (if purchasing a vehicle)
  • Details of the property (if you're buying a property)

If you've already begun the purchase of a property

  • Copy of the signed Contract of Sale
  • Copy of your receipt for any deposit paid
  • Copy of plans and specifications
  • Building quotes

Related FAQs

How do I apply for a personal loan?

You can apply for a personal loan online. It usually takes around 15-20 minutes, and we collect all of your financial information, identification and assets and liabilities as part of the application so it's important to have this on-hand.

You can also visit us in branch to submit an application.

Online Application

Internet Lending Privacy Collection Notice

Queensland Country Bank collects your personal information to assess your application, verify your identity, manage any products or services you hold with us, and comply with our legal and regulatory obligations (including under the Privacy Act 1988 (Cth), Privacy (Credit Reporting) Code and Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006)

Our Privacy and Credit Reporting Policy explains how we manage your personal information, how you can access or correct it, and how to make a privacy or credit reporting complaint. Our Privacy and Credit Reporting Notification outlines how Queensland Country responsibly handles the collection, use, storage, and disclosure of your personal information, including credit-related details and credit reporting (including the credit reporting bodies we deal with).

Our Electronic Identity Verification Collection Notice explains how we will manage your personal information if you consent to us verifying your identity documents (e.g., Australian drivers licence) electronically using the Attorney-General’s Department’s Document Verification Service (DVS). You do not have to agree to verify your identity documents electronically. If you prefer not to provide your identity information online, you will be able to choose to verify your identity in person at a Queensland Country branch using your identity documents.

 

Consent

By continuing with your application, you:

 

Products issued by Queensland Country Bank Limited ABN 77 087 651 027 AFSL/Australian Credit Licence 244 533 are subject to applicable conditions, fees and charges, which may vary or be introduced over time. Further information and terms and conditions are available upon request. Approval of credit products is subject to our lending criteria. The information provided is general and does not consider your individual objectives, financial circumstances or needs. Before acting, assess whether the product is suitable for you. Please review the relevant disclosure documents, before making any decision. Target Market Determinations for our products can be accessed at any time.

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Am I eligible to apply for a loan?

To be eligible to apply for a personal loan you must be:

  • Aged 18 years or older
  • An Australian citizen/permanent resident or New Zealand citizen; and
  • Currently working and residing in Australia.
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How long does it take to get a personal loan application approved?

For a basic personal loan, where all required information has been provided, we can normally give you a response within 2-5 business days.

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What is Lenders Mortgage Insurance and is it required?

Lenders Mortgage Insurance (LMI) is a policy that protects your bank or lender, rather than you, if you default on your home loan. In Australia, LMI is typically required if your deposit is less than 20% of the property’s purchase price (i.e. an 80% Loan-to-Value Ratio).

Unless you are in a position to borrow at least 80% of the value of your home, then you will need to purchase an LMI policy.

The cost of an LMI policy depends on several factors: the value of your deposit, the total amount you are borrowing and whether you are living in the property or using it as an investment. Each lender is different though, so ensure that you check all policy details before taking out a home loan.

Government schemes, if available at the time, may be utilised to bypass LMI. Please thoroughly check your eligibility, if you choose to explore this option.

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If I am on probation with my place of employment can I get a loan approved?

We can still assess your loan application as long as your position is in the same industry as your previous employment and/or you have letter from your employer stating your employment will be guaranteed after probation is completed.

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