Best Lenders for Commission Income Home Loans 2026

Macquarie is the best lender for a commission income home loan when your client earns a salary plus commission and this year’s commission is running above last year’s. Macquarie annualises the client’s current year-to-date commission once two payslips cover at least three months. It then counts 80% of that figure towards servicing, the lender’s test of whether the client can afford the repayments.

The other lenders below suit different pay patterns. One trims commission to the lower of two recent measures, one averages two financial years and one accepts a single year of tax records on some products. This ranking assumes a salaried sales employee with at least two years in the industry, commission making up about 40% of total pay and a rising year-to-date trend.

Top Lenders for Commission Income Home Loans in 2026

1. Macquarie

Macquarie’s credit guidelines accept commission at up to 80% when the payment is consistent, ongoing and a condition of employment. The client needs six months in the current job, or six months in the same field in their previous role. Time between jobs doesn’t count against them.

The evidence rule is what puts Macquarie first. Two computer-generated payslips are enough, provided the year-to-date figure covers at least three months, and Macquarie annualises that figure. A client whose commission grew after a promotion gets this year’s earnings assessed instead of an older average.

Macquarie’s broker help pages say it typically uses the most recent year’s commission. Where the amount changes sharply from one year to the next, you need a reasonable explanation to use the higher recent year. Document the reason, such as a promotion to a higher commission rate.

Macquarie’s main drawback is the 80% shading, which applies even to a long, stable commission history. Its guidelines also call for caution where either payslip shows no commission, or the work is seasonal. When the year-to-date period is under three months, Macquarie uses the lower of the annualised year-to-date figure and last financial year’s income.

Macquarie fits the client whose commission is rising and arrives in most pay periods. It would drop down the list if the client’s commission had been flat for two years. A lender that averages two years without a stated percentage cut could then count more.

2. MyState

MyState applies one lending procedure to MyState Bank and Auswide Bank. It defines commission as income paid above the base retainer when sales targets or incentives are met. It counts up to 80% while the terms of payment stay the same.

MyState uses the lower of two figures. The first is the commission received over the most recent six months or more, annualised. The second is the average of the two latest commission payments, annualised.

That design suits a client paid steady monthly commission with at least six months of payments behind them. If the latest payslips show low commission because the client took leave, MyState lets you compare earlier payslips without the leave instead. It treats monthly bonuses as commission too, so a monthly sales bonus follows this rule.

The two-payment test is MyState’s main limitation. Two weak months pull the figure down even when the six-month total is strong. MyState also wants payslips issued within the last 30 days, and it accepts at most two jobs in the past 12 months.

MyState ranks second because it needs only six months of commission and reads the recent trend directly. It would fall below BankVic for a client with two years of flat commission and a soft last two months.

3. BankVic

BankVic uses the lesser of two figures for commission or bonus income. One is the prior financial year’s commission. The other is the average of the previous two financial years.

BankVic’s guidelines set some rules by core membership, which covers police, emergency services, health workers, government employees and BankVic staff. The commission rule applies to every borrower, and the guidelines name no percentage reduction for it. The payment must be regular, ongoing and in line with industry expectations.

The evidence is two years of records. That means a payslip from each of the previous two financial years confirming the commission, or two years of full tax returns. A permanent full-time employee needs three months in the current position and no more than two employers in the past 12 months.

BankVic’s limitation is that it ignores the current year. A client whose commission rose sharply is assessed partly on the lower year, and a client with less than two years of commission doesn’t meet the evidence rule.

BankVic fits the client with two or more years of stable commission. For that client, the two-year average costs little and the commission row’s lack of a stated percentage reduction can produce a higher figure than an 80% lender.

4. Bluestone

Bluestone is a non-bank lender whose online credit policy uses 100% of income unless a rule says otherwise. Its commission and bonus row sets the evidence by product tier. It doesn’t set a separate percentage or averaging formula.

Bluestone’s Prime products need the two most recent years of tax returns or income statements, while its other product tiers need one year. Both routes add one payslip showing commission. The one-year route is what earns Bluestone its place.

Bluestone fits a client with about a year of commission records whose loan needs more than 80% of it counted. Its general 100% rule covers commission, because the commission row sets no other percentage. The trade-off is product choice, because the one-year route excludes Bluestone’s Prime products.

Bluestone ranks fourth for the defined borrower because its policy sets evidence, not an averaging formula, so a two-year history is converted to a figure at assessment. It would rank higher for a client with a single year of commission whose loan size depends on the full amount.

Compare the Evidence

Compare lenders by running one client’s commission evidence through each lender’s rule and recording the figure each rule produces. Commission income is pay above the base salary that an employer pays when sales targets are met. The lenders below count it only when it’s ongoing, and Macquarie also requires it to be a condition of employment.

Gross commission income is the commission before tax and before any lender cuts it. You enter that gross figure, and the lender’s rule decides the assessable amount. Broker earnings are a separate topic, covered in mortgage broker commission.

Check History, Base Salary and Income Proportions

Start with the client’s base salary, then work out what share of total pay commission makes up. A client on $90,000 base plus $60,000 commission relies on commission for 40% of income, so each lender’s commission rule moves the loan size.

Next, check how long the commission has been paid and whether the client’s role or commission plan changed. History decides which lenders are open, because BankVic and Bluestone’s Prime products want two years of records while Macquarie and MyState work from recent payslips. Continuity matters too, since Macquarie, MyState and BankVic each want commission that continues on the same basis.

Commission-based income mortgage approval comes down to these three things in each lender’s policy. One is the history it requires. Another is how it averages or annualises the figures, and the last is whether the commission continues under the same employment terms.

Use Identical Client Facts Across the Shortlist

Apply the same payslips, employment records and annual figures to every lender, so differences in the result come from policy and not from the inputs. The client below is a hypothetical example used through the rest of this page.

Priya, a PAYG account manager, has three years at her employer and a $90,000 base salary. Her promotion at the start of last financial year moved her to a higher commission rate.

Client fact	Figure
Commission, financial year before last	$40,000
Commission, last financial year	$60,000
Current financial year to date, four months	$22,000
Commission paid in the latest six months	$33,000
Two latest monthly commission payments	$5,400 and $5,800

Before you annualise anything, reconcile commission earned against commission paid. Where an employer pays commission after the month of the sale, a payslip early in the financial year can include commission earned the year before. Check each payslip’s commission lines against the year-to-date total and the last income statement.

Look for clawbacks too, where the employer takes back commission on a cancelled sale. Annualise the commission the client kept after clawbacks, and note any clawback line you found so the assessor sees why the figure differs from the gross amount.

Here is the usable-income calculation for Priya at each lender.

Lender	Rule applied	Commission figure	Commission counted	Total income assessed
Macquarie	Year to date of four months annualised: $22,000 × 3	$66,000	$52,800 at 80%	$142,800
MyState	Lower of six months annualised ($66,000) and two latest payments annualised ($67,200)	$66,000	$52,800 at 80%	$142,800
BankVic	Lesser of last financial year ($60,000) and two-year average ($50,000)	$50,000	$50,000, no stated reduction	$140,000

Bluestone isn’t in the table because its published policy sets the commission evidence but no averaging formula. Priya meets its Prime evidence rule with two income statements and a current payslip.

When a client applies for a mortgage using commission income, the same evidence produces a $2,800 range in assessed income across these three lenders. Each lender then applies its own servicing calculation, and the lender’s assessment sets the final borrowing figure.

Explain the Choice

Averaging decides who wins, because the same commission history produces different assessable amounts once the trend changes. For Priya’s rising commission, Macquarie and MyState count $52,800 and BankVic counts $50,000.

Now change one fact. Suppose Priya’s commission falls this year, with $16,000 in the first four months, $26,000 in the latest six months and two latest payments of $3,800 and $4,200.

Lender	Commission figure when commission falls	Commission counted
Macquarie	$16,000 × 3 = $48,000	$38,400
MyState	Lower of $52,000 and $48,000	$38,400
BankVic	Lesser of $60,000 and $50,000	$50,000

BankVic now counts the most, because its rule looks only at completed financial years. The fall is still known, so record it in your notes and explain why the commission is expected to continue.

Lender	Best for	Drawback	Fact that could change its ranking
Macquarie	Rising commission with at least three months of year to date	80% shading even on a long, stable history	Two years of flat commission, where BankVic can count more
MyState	Steady monthly commission with six months or more of payments	Two weak recent payments lower the figure	A soft final two months before submission
BankVic	Two or more years of stable commission	Needs two years of records and ignores the current year	A sharp rise this year, which its average holds back
Bluestone	About one year of commission, where the full amount matters	The one-year route excludes its Prime products	A single year of commission history, where its 100% rule counts more

Choose the lender whose rule matches the shape of the client’s commission. Rising commission points to Macquarie, steady monthly commission to MyState, long stable history to BankVic and a short history to Bluestone.

Prepare the Submission

Before you rely on the shortlist, assemble the evidence, your calculation notes and a record of each lender’s policy version and date. The notes need to show the assessor how you reached the commission figure.

1. Collect the two most recent payslips showing commission and year-to-date totals, within the lender’s age limit.
2. Add the last two income statements or tax returns, or the final payslip of each financial year, for lenders that use completed years.
3. Get an employer letter confirming the commission plan and that commission is a condition of employment.
4. Write a calculation note showing the commission figure, the lender’s averaging rule, the shading percentage and the total income assessed.
5. Explain any year-on-year change, leave period or clawback that affects the figure.
6. Record the policy document, version and date you relied on for each lender, and recheck it before submission.

Bulma helps with that last step. Policy Advisor compares commission income rules across 52+ lenders from one question. Each answer quotes the lender’s policy wording and the date Bulma last updated it, which you can keep with your file notes.