How to apply for abank loan in Australia?

Paperwork

Source: Pixabay/Rawpixel CCO

Getting a loan for a new business or buying a home is often part of the process of migrating to Australia.


To be eligible for a loan, you have to be at least 18 years of age and have some form of income to prove that you can make regular payments. On top of a salary, some Centrelink benefits, like family benefits count. Others, like Newstart, don’t.

You also need to live in Australia and Australian permanent residency is generally needed. However, there are some exceptions for certain types of loans.

Please listen to the full report here.


Share