Loan eligibility Australia
If you’re an Aussie expat earning a Singapore or foreign salary income*, we know exactly what’s needed to get your Australian home loan approved!
Lets look at the mandatory requirements for assessment.
Last 3 months payslips(Include any bonus payments received)
Bank statements for 3 months(showing the corresponding salary credit)
Copy of original employment contract (signed by both employer & employee)
Copy of passport(** Including any stamped travel pages)
Copy of employment pass (Front & back copies)
Copy of contract of sale(if purchasing)
6 months loan statements (if refinancing existing loans)
* We will send you a link to safety upload all eligibility documents
*Kindly note the eligibility list are mandatory requirements for our lending partners.
*Acceptable incomes include:
Singapore Dollars (SGD)
Hong Kong Dollars (HKD)
British Pounds (GBP)
United States of America Dollars (USD)
Emirati Dirham (AED)
Malaysian Ringgit (MYR)
**Lenders will require a copy of the passport photo page + any stamped travel pages. This is a compliance requirement.
***No information is shared with any lender until all info is provided & the lender privacy acknowledgement has been signed by all intended borrowers. Your information remains confidential at all times.
Aussie & NZ Citizens:
Australian & NZ citizens living outside of Aus can still easily obtain financing-but there’s a few things you need to be aware of:
2018 banking policies have significantly changed for Aussie expats but the good news is several Aussie banks are still lending
Banks have varying assessment policies for Australian & NZ Citizens
Singapore based Australian banks are no longer lending
In short, loans that can be easily approved at one bank may not meet servicing criteria at another
Aus PR’s living outside of Aus have differing requirements to citizens:
Banks will need to see evidence of your Australian PR visa is indefinite with no restrictions
Banks have varying assessment policies for Australian PR’s with minimum qualifying income levels required
Working with a foreign income mortgage expert ensures your path to approval is simplified. Talk to us today.