Casual Employment

Casual Employment

Casual Employment

How long do I need to be in my current casual job?

Most lenders require that you have been employed at your current workplace for at least six months. To confirm this, you will have to provide payslips that reflect your latest year-to-date earnings summary and the bank may even contact your employer to confirm your employment status.

However, if you are working in a similar industry and job profile with different employers over a period of 6 months, some lenders can consider accepting such casual income as well.

How much can I borrow as a casually employed individual?

Different banks have different policies when it comes to lending to casually employed applicants. You may be able to qualify to borrow up to 90% of the property value if you have been in your casual job for at least six months.