Loan eligibility Australia
Loan Eligibility
How to get to ‘yes’ faster
More and more Aussie expats are facing challenges obtaining finance in 2021. But, if you’re earning a Singapore salary income, we know exactly what’s required by our lenders to get your financing approved!
**Read our loan eligibility tips for 2021 in our FAQ section
The essential info you need to apply:
Salaried Employees
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(photo page)
Copy of employment pass (Front & back copies)
Copy of contract of sale(if purchasing)
6 months loan statements (if refinancing existing loans)
Evidence of funds to complete purchase(if purchasing)
Note.
PDF format only. E-statements are acceptable
Please remove passwords for any protected files
Please label all files i.e Jan 2020 Salary Bank Statement
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:
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2021 banking policies have significantly changed for Aussie expats but the good news is several Aussie banks are still lending
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Banks have varying assessment policies for Australian & NZ Citizens
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Singapore based Australian banks are no longer lending
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In short, loans that can be easily approved at one bank may not meet servicing criteria at another
Aussie PR
Aus PR’s living outside of Aus have differing requirements to citizens:
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Banks will need to see evidence of your Australian PR visa is indefinite with no restrictions
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Banks have minimum qualifying income levels for Aussie PR’s living and working outside of Aus. Call us for more info.
*Kindly note the eligibility list are mandatory requirements for our lending partners.
*Acceptable incomes include:
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Singapore Dollars (SGD)
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Euro (EUR)
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Hong Kong Dollars (HKD)
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British Pounds (GBP)
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United States of America Dollars (USD)
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Emirati Dirham (AED)
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Malaysian Ringgit (MYR)