Loan Eligibility
It’s All About What You Want to Achieve
Let’s Find Out If You Qualify
To apply for a loan, make sure you meet the following requirements:
- Age: Be 18 years or older.
- Residency: Be a permanent Australian resident or hold a valid Australian work visa and reside in Australia.
- Employment: Be employed full-time, part-time, casually, self-employed, or a self-funded retiree earning a regular income or wage.
- Repayments: Be able to afford the loan repayments.
- Financial Status: Not be bankrupt or have a current court judgment.
- Loan Amount: Require a loan of at least $5,000.
- Identification: Provide either: a current Australian driver license and Medicare card; or a current Australian passport.
Get Approved for Any Type of Loan in
Three Simple Steps
You’ll be assigned a fully accredited and industry-qualified asset finance consultant, dedicated to helping you every step of the way
Your Information
Complete the online enquiry form. Alternatively, call 02 9953 7445 to get started today.
Provide Documentation
Email your supporting documents for review. We then help you find the right loan to achieve your goals.
Approved Funds
Upon approval, sign the loan contracts in person or electronically. The proceeds are then deposited into your nominated bank account.
Documents You Will Need to Provide
To ensure a smooth and prompt processing of your application, it is a good idea to have the following documentation ready:
Identity Documents (ID)
Provide clear copies of both the front and back of your government-issued ID, such as a driver's license or passport.
Evidence of Your Address
Submit a current utility bill, bank statement, or rates notice as proof of your residential address.
Evidence of Your Employment and Income
Include your two latest payslips or a letter from your employer detailing your length of employment, gross and net income, regular overtime, and allowances, or a PAYG statement.
Details of Additional Income
Provide information about other income sources, such as bonuses, allowances, or benefits. Centrelink income can be used as secondary income alongside PAYG income.
Details of Financial Commitments
List all current financial obligations, including other loans, credit or store cards, and overdrafts.
Details of Housing Expenses
Provide information about your board, rent, or mortgage payments to help assess your financial situation.
Evidence of Regular Income for Non-Employed
If you’re retired or not employed but have regular income from rental properties or investments, submit supporting evidence for verification.
Evidence of Property Ownership (if applicable)
Include documentation showing ownership of any properties you own, such as a title deed or a rates notice.
Are You Self Employed?
If you are self-employed, you may need to provide the following:
- Personal Income Documents: Your most recent personal income tax return and notice of assessment.
- Business Details: Your Australian Business Number (ABN), if applicable.
If your business operates as a partnership, company, or trust, we may also require:
- Business Tax Returns: Partnership, company, or trust tax return.
- Registration Details: Australian Business Numbers (ABN) and Australian Company Numbers (ACN).
- Trust Documentation: A copy of the trust deed.
Important Note:
Those who cannot provide the usual required paperwork such as tax returns and financial statements may qualify for a Low Documentation (Low Doc) loan. This includes self-employed borrowers or investors without a regular pay as you go (PAYG) income. To find out more, call 02 9953 7445.