Home Loan Experts

Will the bank accept 100% of my allowances/penalty rates?

Yes! There are some lenders who will use all of your shift allowances, weekend penalty rates and night work penalty rates as long as you can show consistency over time.

  • You can borrow up to 95% of the property value or up to 100% using a guarantor.
  • 3 months in your job: Some of our lenders will use 80% of your overtime income.
  • 2 years in your job: Some of our lenders will use 100% of your overtime income if it is consistent.
  • Other allowances: Many employees receive other allowances for meals or transport which are generally not taken into account. If these allowances are not to reimburse you for an expense that you incur, we can get some of our lenders to consider this income on a case by case basis.

If you are not employed on a full time basis then please refer to our casual job page.

Please enquire online or call us on 1300 889 743 to discuss the nature of your allowances with one of our mortgage brokers.

Will my shift allowances be included?

Generally, the lender is looking to see if your penalty pay is regular and ongoing.

If the pay is irregular then most major banks & lenders will be less inclined to include it when assessing your home loan application.

You can use our YTD Income Calculator to find out how the banks would assess your income.

To discuss your situation and income with our expert mortgage brokers, please call us on
1300 889 743 or enquire online today.

We can help pair you with the right lender who will offer competitive rates and a great loan package!

What documents do I need to provide?

Lenders will calculate your income based on the documents you provide them with.

Most lenders require:

  • An annualised Year To Date (YTD) figure from your payslips
  • Your group certificate or
  • A letter from your employer

Although most lenders require two of these documents, we have some lenders that can consider just a letter or just payslips in some situations.

To discuss your situation with an expert team, please call us on 1300 889 743 or enquire online and we can help apply with the right bank, who will accept your shift allowances.

Which lenders can help?

We can help you apply for with a home loan with several lenders 7 major banks who accept shift allowance.

Our staff will assess your situation on a case by case basis and then will discuss your options with you so you can then pick the lender that you prefer.

Why are lenders so conservative?

When applying for a home loan with the support of allowance income lenders are wary because they believe that the shifts you’re assigned may change in which case, you would no longer be receiving your penalty rates.

However, we know that this is simply not true! Lenders tend to have very outdated policies that don’t take modern employment agreements into consideration.

Contact our team on 1300 889 743 or enquire online and we will find a lender who understands shift allowance and will include it in a serviceability assessment.

Why do the banks take this view?

Because shift work is outside the usual hours of employment, banks believe that workers may not be able to handle the change in sleeping patterns or may decide to make a lifestyle change.

In particular banks do not like to accept any additional income earned during a night shift.

The reality is, banks simply don’t understand shift work!

Bank employees work regular hours and view other types of employment as being unusual or risky.

The good news is that not every lender views your income in this way!

Please enquire online or contact us on 1300 889 743 to speak to one of our mortgage brokers who understands shift work and penalties.

Who can we help?

We can help all shift workers in any profession.

We can be particularly helpful for people working in essential services such as nursing where shift work is often a condition of employment.

If you work in any of these professions, or receive shift allowances on a regular basis, please contact us on 1300 889 743 or enquire online today.

Depending on how regularly you receive your allowances, we can ensure that you apply with a lender that will include this income when assessing your ability to repay the loan. Call us today!

Which loan types are available?

All loan types: Professional packages, basic loans, lines of credit, fixed rates.

How much can I borrow?

You can borrow up to 90% of the property value and possibly 95% for very strong applicants.

What can I use the loan for?

Home or domestic use, investing, purchases, refinances and construction are all acceptable loan purposes for a shift allowance home loan.


Professional package and basic loan discounts are available.

Loan Features

All loan features: Interest only, fixed rate, line of credit, 100% offset, redraw, extra repayments.

Apply for a home loan with shift allowance income

If you think that your penalty pay is regular enough for you to rely on it to make your mortgage repayments then please enquire online or call us on 1300 889 743 to talk to one of our mortgage brokers.

Trust Home Loan Experts To Help You

We have thousands of five-star reviews and testimonials on Product Review, Google Review and Facebook.

4.8 out of 430+ reviews

4.8 out of 720+ reviews

4.8 out of 1,650+ reviews

What Our Customers Say About Us

Get in touch with
a specialist mortgage broker today.

With our award-winning mortgage brokers, tough home loan approvals become a breeze.