Continue your application

Having everything ready means we can assess your application faster, be sure to have everything in the list below:

• Current debts in your name (e.g. home loan, personal loans, other credit or store cards as well as instalment purchases such as zip pay) 
• Proof of income. If your pay doesn’t already go into a Bank of Melbourne account, you’ll need to show at least one of the following:
  • Two payslips from your main employer from the last two months
  • A Government Authority statement from the last two months confirming your pension or allowance 
  • Rental income proof covering the last three months
  • Self-employed? You’ll need to show you’ve been in business for at least 18 months, the last two months’ business bank statements and last year’s Notice of Assessment.
• All your regular monthly expenses (including phone bills, insurances etc.)

Already a Bank of Melbourne customer? 

You’ll also need to:

• Sign into online banking to double-check your personal details (name, address etc) are up-to-date
• Apply as an existing customer in the application form
• We will have answered some of the basic questions such as personal details (name, address etc) on your application for you. Check that they’re correct.

Additional eligibility criteria or documentation may be required.

Make sure the car is eligible as security:

• Registered in the applicant’s name once purchased
• A four-wheel vehicle that has never been extensively damaged or written off
• 7 years old or less at time of application to qualify for a lower interest rate^^
• The car you purchase must have full comprehensive car insurance.

When you’ve found it, you’ll need to supply the following:

If buying from a dealer 

We’ll need a dealer’s invoice or contract of sale, which must state:

• Dealership’s ABN and name
• Dealers licence number
• Your name and address as per your loan application
• Year, make, model, body, badge, transmission type, engine size and series of the vehicle to be purchased
• VIN/chassis number
• Build or Production date (Month/Year)
• Engine number
• Registration plate number and expiry date (if purchasing a Used vehicle/ Demo model/Auction).

Note: hand-written dealer invoices are acceptable provided no amendments are made.

Plus, proof you’ve taken out a comprehensive insurance policy on the car, listing Bank of Melbourne as the financier.

If buying from a private seller

You’ll need to provide Official Registration Certificate (or Recent Renewal Notice for WA), also known as ‘rego papers’, which must state:

• Current expiry date
• Seller’s name
• Vehicle details, year, make and model
• VIN/chassis number
• Engine number
• Registration plate number.

Note: we can’t accept a ‘registration transfer form’ as a proof of sale.

Plus, proof you’ve taken out a comprehensive insurance policy on the car, listing Bank of Melbourne as the financier.

If refinancing a loan from another lender 

Simply provide the car’s registration papers with your name on them. You may also be asked to provide a payout figure of the loan from the other lender. 

Plus, proof you’ve taken out a comprehensive insurance policy on the car, listing Bank of Melbourne as the financier.