What does the application process look like?

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.