18 Jun 2021

Can I Get a Loan if I am on Maternity Leave?

Yes, some lenders will approve you for a home loan even if you are on maternity leave. In addition, they may be willing to approve you for a loan increase. In general, you may be able to borrow 80%. However, if you are on unpaid maternity leave, you need to prove that you have money set aside for repayments.



When you apply for a loan while on maternity leave, you will need to provide the following:

  • The last three payslips you received before beginning your leave.
  • A letter from your employer outlining your return date and whether you are going to work full time, part-time, or casually when you return

Banks will also consider whether you can make loan repayments by factoring in the following:

  • The money you have in savings
  • The equity in your home
  • Whether you are receiving any government benefits, and, if you are, how much you receive.

Factors you should take into consideration.

In general, banks will not approve your loan application if you will be on maternity leave for more than twelve months. 6-month leaves and 18-week leaves are considered lower risk. Likewise, paid maternity leave is viewed better than unpaid leave. If you plan to become pregnant, you should start saving up as much money as you can. The more money you have in savings, the more attractive your application will be. 


Having a baby is a joyous occasion, but it can also cause a lot of financial stress. You can secure a home loan while on maternity leave, but it can be challenging. The experts at Mortgage House can make the process easier by finding a loan with competitive interest rates, allowing you more time to spend with your baby and saving you money.

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