Why was my application declined for a loan?

Each lender has their own lending criteria on which they base their credit decisions. When we assess a home loan application, we look at a number of things to decide if we can approve it.

There are a few reasons why your application may not have been approved, including:

• Your loan repayment capacity, taking into account your income, expenses, existing financial commitments, and the ratio of debt to your income
• The nature and stability of your employment
• Your credit history
• The value of your property compared to the size of your loan
• The property linked to your application may not meet our specific credit criteria

We’re not allowed to disclose the exact reason for declining an application, however, if you’re not eligible right now, you can always check again later in the future.