Meet Anika and Pranshu...

They migrated to Australia and want to buy their first home.

couple looking at laptop



  • They have permanent residency but are self-employed with 24 months business trading 
  • When they first moved to Australia, they decided to live in rented accommodation while they set up their own business
  • They had established a company importing specialist spices from India, using established contacts back home to source good products.


Their current situation

  • Although their business has gone from strength to strength, they only have 1 year’s full financials properly documented
  • They are after an 85% LVR loan; borrowing $518,000 for a property valued at $610,000
  • They would have trouble applying with major banks as they have no Australian credit history and did not have a sufficient trading history for the business income
  • The business is owned by Pranshu and his wife is an employee. They have kept her salary deliberately low to minimise her tax liability, however this has hurt her income that counts towards serviceability.


Real life solution

  • From an income and affordability perspective, their joint income was acceptable.
  • They were able to provide copies of their tax returns, a notice of assessment, and their business bank statements to verify their income.
  • Pranshu and Anika qualified for a Pepper Near Prime Clear Full Doc home loan option.




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* Fictional scenario. These case studies are based on real-life examples, are not testimonials and have been provided for educational purposes only. They are not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Outcomes will vary depending on the applicant’s individual circumstances. Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply.

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