Bank declined your loan?
Bank declined your home loan?
A declined home loan does not always mean you cannot borrow. It may mean that lender's policy did not suit your income, debts, credit history, deposit, property type or servicing position.
What a second opinion may involve
- Reviewing the likely reason for the decline
- Checking whether another lender's policy may assess it differently
- Identifying what information or documentation may help
- Explaining the next practical step
Request a Second Opinion
Tell us what happened and we'll help check whether another lender may assess it differently.
General information only — not personal financial advice. Subject to lender criteria. Disclaimer.
Why a decline may not mean "no"
Different lenders apply different policies to income, debts, credit history, deposit, property type and servicing. A decline from one lender may reflect that lender's specific criteria, not whether you can borrow at all.
Common reasons for a decline include servicing capacity, lender policy on income type, credit history, property type or location, deposit source, or responsible lending obligations. Some of these may be addressed by a different lender or with additional documentation.
What we may review
- • The reason given for the decline (if any)
- • Your income and employment situation
- • Existing debts and expenses
- • Credit history
- • Deposit or equity position
- • Property type and location
What we may do next
- • Identify whether lender policy may differ elsewhere
- • Check if additional documentation may help
- • Explain what may need to change before reapplying
- • Help avoid another application that may fail
- • Explain the next practical step
General information only. This page does not provide legal, tax, financial or credit advice. It is not a loan approval, pre-approval, quote, recommendation or offer of credit. Borrowing capacity, loan suitability and approval are subject to full assessment, lender credit criteria, verification of your information, responsible lending obligations, property valuation and product availability. Obtain Finance does not compare every lender or product in the market. Eligibility for government grants, concessions and schemes depends on current government rules and your circumstances — always confirm eligibility with Revenue NSW or an appropriate professional.
Michael Short is a Credit Representative (468493) of an Australian Credit Licence holder (ACL 389328).