Income & Documentation Policy
Payslips, bank statements, financials, BAS and alternative documentation can all play a role in lender assessment. Understand the common pathways before asking your client for unnecessary documents.
This page provides general guidance only. Required documents, verification methods and eligibility criteria vary between lenders and can change without notice. For current requirements, submit the client's scenario to Yes Approved.
Not every client needs the same documents.
The right documentation pathway can depend on employment, business history, loan purpose, asset and lender.
PAYG Income
Payslips, bank statements and electronic income verification may be used depending on the lender.
Explore PAYG income →Self-Employed Income
Self-employed clients may have access to full-doc, alternative-doc and Low Doc pathways.
Explore self-employed income →Low Doc Finance
Low Doc generally means an alternative method of establishing business income — not no documentation.
Explore Low Doc →Bank Statements
Personal or business bank statements may be used for income verification and account conduct assessment.
Explore bank statements →BAS
BAS may support income verification for eligible businesses under selected commercial lending pathways.
Explore BAS →Alternative Documentation
Some lenders can assess business income using alternative documents instead of full financials.
Explore alternative documents →What can determine the documents required?
Documentation is generally driven by the overall transaction rather than a single universal checklist.
Applicant & income
Lenders may consider factors such as:
- PAYG or self-employed status
- Employment type
- Business structure
- Length of trading
- Income source
- Income consistency
Transaction & lender
Requirements can also be influenced by:
- Consumer or commercial purpose
- Loan amount
- Asset type
- Credit profile
- Lender verification requirements
- Product selected
Documentation pathways at a glance
General guidance on the types of documents that may be requested in different finance scenarios.
Identify the pathway before chasing paperwork.
Asking for every possible document upfront can make a referral unnecessarily difficult for both you and the client.
Start with the scenario
Give us the key facts first so we can identify likely lender and documentation pathways.
- Employment or business type
- Approximate income
- Time employed or trading
- Asset being purchased
- Loan amount
- Any known credit issues
Then collect what's needed
Once a likely pathway is identified, the appropriate supporting information can be requested.
- Reduce unnecessary document collection
- Improve the client experience
- Avoid duplicated requests
- Match documents to lender requirements
- Speed up scenario assessment
- Keep the referral process simple
Don't tell a self-employed client they need two years of financial statements before checking the scenario. Some lender pathways may use alternative documentation, subject to the client's circumstances and current lender policy.
Send us the scenario first.
We'll review the client's circumstances and help identify the likely lender pathway and supporting documents required before you send the client chasing paperwork.
Important information
Information contained in the Yes Approved Partner Policy Centre is general information only and is intended to assist referral partners in understanding common lending considerations and potential finance pathways.
It does not represent a complete statement of any lender's credit policy or documentation requirements and should not be relied upon as confirmation that a particular applicant, document set, transaction or loan structure will qualify for finance.
Lender policies, credit criteria, rates, fees, product availability, income verification methods, documentation requirements and assessment processes are subject to change without notice.
Requirements can vary according to the applicant's circumstances, employment or business structure, credit profile, loan purpose, asset, transaction structure and other factors.
All finance applications remain subject to lender eligibility requirements, credit assessment, verification, applicable responsible lending requirements and final lender approval.
Yes Approved does not guarantee that finance will be available or that an application will be approved based on information contained within the Partner Policy Centre.