ANZ self-employed policy changes: what it means for our clients

At Flexdoc, we are always scanning the market for lender policy changes that impact our self-employed clients. The recent ANZ self-employed policy update is a good example of a major bank recognising that business owners, freelancers, and entrepreneurs need a better way to have their income assessed.

ANZ is following in the footsteps of other lenders who are steadily making it easier for self-employed borrowers to secure finance. The changes aim to cut red tape and reduce the heavy paperwork burden that often comes with irregular or complex income structures.

Key changes:

• Extended business overdraft amortisation from 7 to 10 years, boosting borrowing capacity.

• More realistic assessment of fixed-rate asset finance, leases, and hire purchases, using the actual repayment amount rather than a 3% buffer.

• Reduced documentation for director fees or company dividends, with only one year of income evidence required instead of two.

For our clients, these changes mean more options and smoother approval pathways. At Flexdoc, we take these policy shifts and integrate them into our lending strategies, so you benefit from every possible advantage in the market. Share your scenario with us.

Banks are starting to adapt to the realities of business cash flow. ANZ’s self-employed policy changes reflect a growing understanding that successful business owners deserve the same access to homeownership as anyone else.

ANZ's changes are in addition and complimentary to their low risk LMI waiver policy announced last year. We will continue to track, interpret, and act on these changes to make sure you stay ahead.