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.
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.
Permitted Cash Out Maximum Limits
Effective from 20th October 2025, for standard residential Easy Refinance owner occupied and investment applications, the maximum permitted cash out amount will be 3% of the security property value (formerly 10%) and capped at $50,000. The cash out component excludes refinance costs, fees and charges.
The updated cash out policy means that no income verification documentation is required, even when clients request a cash out. Our servicing calculators will reflect these policy changes, eliminating the need for an income test.
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. Products include:
|
| Loan being refinanced | If loan performance data for the loan being refinanced is not on the comprehensive credit report (CCR) then 12 months of loan statements are required. |
| Serviceability Calculator Changes | |
|---|---|
| Standard Calculator | The calculators have been updated to utilise HEM (Household Expenditure Measure) Q2 2025 data. |
| Easy Refi Calculator | Effective 20th October, no income test required when clients opt for cash out. |
