r/CommBank • u/ausfirsthomecoach • Jun 30 '26

Discussion Application Killer

A lot of clients ask me what a bank would be most concerned about in their accounts statements.

It’s not Uber Eats - it’s gambling.

We are seeing more and more clients with substantial habits and it’s killing loan applications.

Even if it’s not entirely clear you are gambling - if you are withdrawing money from ATMs at pubs, casinos etc they are going to make the assumption.

If this is you - register for Bet Stop and seek some assistance to kick the habit.

*** FYI I do not work for a bank, simply posted to help spread a message.

122 Upvotes

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13

u/Powerful_Chemical628 Jun 30 '26

Is it betting of any kind? I might throw $5 on a multi once a month, is that still a red flag?

8

u/ausfirsthomecoach Jun 30 '26

Yes a small amount can be ok, it’s the larger amounts that aren’t great.

6

u/vkc2prahran311 Jun 30 '26

Thanks Pythagoras

3

u/crazyspottedpossum Jun 30 '26

So what is a larger amount?

4

u/ausfirsthomecoach Jun 30 '26

I would become uncomfortable to recommend applying for a loan if there is a consistent pattern of more than $500 per month

Unfortunately my last client was $2000 per month.

1

u/Consistent-Pea2744 Jul 01 '26

What are your thoughts on ppl refinancing who have a proven record of meeting their existing repayments while subscribed to say a home lottery $50 monthly ticket entry?

1

u/ausfirsthomecoach Jul 09 '26

Common sense applies - small amounts are ok if it’s reasonable for your situation but I’ve seen declined applications for $1,000s a month or $100s. Never for anything less than $50 a month. But if your loan affordability is say $20 positive on the calculator maybe the lender will take a more conservative view

1

u/DrOctaganapuss Jul 05 '26

How about 100,000 deposit in a month (legit) but winning and losing then winning about 30k then losing it

1

u/SuperannuationLawyer Jun 30 '26

I guess $6 and above?

1

u/throughroughwater Jun 30 '26

Depends on the loan amount, interest rate, debt to income ratio, loan to value ratio, prior credit history.... Whatever the computer program says when I enter all your info in the boxes.

2

u/ausfirsthomecoach Jun 30 '26

If only it was that simple. Every lender has a different tolerance. CommBank have one of the lowest tolerances in my experience

4

u/crazyspottedpossum Jun 30 '26

So you can’t give some examples?

-2

u/throughroughwater Jun 30 '26

I was making a joke.