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Lending Policy ChangeNews

Employment and Income Requirements Change With Revamped Lending Policy

By Dresdain BalangueOctober 2, 2025No Comments

Easy Refis made even easier

Brokers and clients will be able to take advantage of a range of enhancements to Granite’s lending policy from October 2025, after updates to the documentation requirements we have for applications, the way we assess client employment and income, and much more.

easy refi

As part of our continued commitment to deliver rock-solid lending policy, product and price for the broker market, we’ve also made the Easy Refi process even easier, and improved the loan application and approval process through enhanced use of both technology and data.

CCR Changes Income Verification For Easy Refinance

Our Easy Refi process already makes moving to a better loan faster and simpler. Now, we’ve removed the need for income verification documents completely, by using available Comprehensive Credit Report (CCR) data to verify a client’s ability to repay their loan.

  • Income verification: We no longer require additional income verification docs for Easy Refi applications.
  • Loan being refinanced: Whenever the relevant loan’s data is available on the client’s CCR, brokers only need to provide the client’s most recent loan statement. A year’s worth of statements will still be required where loan performance data is not available via the CCR.

We expect this to result in big efficiency gains for clients refinancing. Rather than needing to verify income and provide 12 months of loan statements as under our previous policy, we’re using CCR data to deliver faster and more efficient refinancing for your clients.

Cotality Integration To Boost Automated Valuations

Brokers can expect a higher number of applications to be valued faster when they deal with Granite. Thanks to the integration of Cotality with our loan application engine Loanapp 2.0 from Simpology (together with our own rock-solid lending rules) we’ve boosted the number of loan applications that will benefit from either automated or accelerated valuations.

Employment And Income Changes Give Borrowers A Boost

When it comes to assessing a client’s employment and income, Granite has made a number of changes to our lending policy to support brokers. These include the following:

Employment changes
Permanent employment Tenure in current role reduced from 6 months to 3 months
Removal of probation restriction
Permanent part-time Tenure in current role remains 6 months
Removal of probation restriction
Casual employment Tenure in current role reduced from 12 months to 6 months
Second job Tenure in current role reduced from 12 months to 6 months
Fixed term contract Tenure in current role reduced from 6 months to 3 months
Minimum remaining contract term remains 3 months
Self employed trading period Minimum trading period increased from 18 months to 24 months
Companies trading period Minimum trading period remains 24 months

 

Income changes
Overtime Minimum evidence period reduced from 6 months to 3 months
Shift allowance Minimum evidence period reduced from 6 months to 3 months
Self employed net profit 100% current year’s net profit no longer capped at 150% of previous year’s income
Company net profit 100% current year’s net profit no longer capped at 150% of previous year’s income
Income protection & TPD income 100% accepted where Origin considers the benefit to be a stable income source

 

Living expense changes
Living at home rental expense The minimum living at home rental allowance decreased from $650 p.m. to $500 p.m.

 

Easy refi documentation changes
PAYG and self-employed income verification documents Income verification documents are no longer required
Loan being refinanced If loan performance data for the loan being refinanced is not on the comprehensive credit report (CCR) then 12 months loan statements are required