Eligibility

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Are You Eligible for a Personal Loan?

In order to apply for a personal loan, you must fulfil the following eligibility criteria.

  • Be at least 18 years or older.
  • Be an Australian citizen or permanent resident.
  • Have no defaults (paid or unpaid) or active payday loans.
  • Be employed (not on probation): full time, part-time, self-employed (for more than 24 months) or casual (for more than six months).
  • Not be a current or prior bankrupt or be party to a court judgement.
  • Centrelink can be used as a secondary income together with regular income.
  • Have acceptable identification, either:
    – Australian Passport (current or expired within the last 24 months) OR
    – Australian Drivers Licence (current) and Medicare Card (current)

Information We'll Need

To ensure a smooth and speedy process we'll need to have access to the following information:

  • A copy of the front and back of your ID that you're using for your application.
  • Proof of your employment and income. These could be payslips or a letter from your employer.
  • Bank Statements.
  • Depending on you circumstances, your Personal Loan Advisor might ask you for additional documentation.
  • Proof of address. This can be a letter from a utility provider or your bank.
  • Proof of rent and/or mortgage payments.
  • Details of any amounts owing, including other loans, credit/store cards, and overdrafts.

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