Personal loan can be used in car purchasing, house renovation, travel or even repayment to home loans and business loans. Repayment period for personal loans ranges between 1 year to 5 years.
Personal loan amount
Personal loan amount ranges from $1000 to $50000 depending on debtor’s credit history, salaries and bank policies. Better credit history and higher salary, borrower can borrow higher amount.
1. Australia citizen or permanent resident.
2. Australia local income (no overseas income allowed for personal loans)
3. ID (Passport and Driver’s licence/Medicare)
4. Two friends and their contacts
5. Residential address in the past three years