Personal Loans for Temporary Residents
Personal Loans are available to Temporary Residents in Australia though the application requirements vary slightly from those required from an Australian resident or Citizen. Unlike Australian Citizens or residents, temporary resident will have little to no credit history in Australia, which means the lenders do not have any history they can reference of an applicants ability to manage their finances, and ultimately repay debts. It is this lack of credit history that leads the Personal Loan providers to request a very specific set of information from all Temporary Residents when they make their application. This information typically includes Visa type, how long is left to run on your visa, proof of your Annual Income and employment status.
Each of the personal loans featured in the comparison table below accept applications from Temporary Residents, though the providers eligibility criteria vary slightly so check you are eligible for their product prior to making any applications, the eligibility requirements for each of the loan providers featured in the table below are summarised at the foot of this page.