Additional eligibility requirements include…
- Proof of employment
- Proof of cash savings
- Holding an Australian bank account
- The length of your loan term can not exceed the length of your visa
Does your credit score overseas affect your chances of getting a loan?
Lenders in Australia generally don’t have access to your credit history overseas. This could work both for and against you. If you’ve built up bad credit, it will not affect your ability to take out a loan in Australia; however, the same is true if you have built an excellent credit score. Essentially, you will have to prove your creditworthiness from scratch.