Non Resident Loans

Personal Loan for Temporary Residents in Australia

Abacus Finance has partnered with a wide range of banks and lenders. Fortunately, some lenders offer personal loans for non-residents in Australia. We know and understand that living in a foreign country has its own set of challenges. It can get expensive, and the cost of relocating is also not cheap.

However, not all can apply for non-resident loans in Australia. Lenders have eligibility criteria that you have to meet to be able to qualify for a non-resident loan.

Most banks and lenders might see you as a risk because there is a possibility that you may not be able to pay off your loan when your visa expires. Your visa can also get cancelled even before its expiry. This is why you will be required to meet additional eligibility requirements, and you may also have to pay a higher interest rate.

SPEAK TO AN EXPERT

Why Choose Us

Compared to Australian residents, you will have lesser options to choose from for your home or personal loan. Moreover, since you are in a foreign land, you may not be as familiar with all the banks and lenders that can help you. Abacus Finance is connected with a network of reputable banks and lenders. Our mortgage brokers will help you achieve your dream home in Australia. Whether you are staying in Australia or living offshore, we can help you in your property buying journey.

Top interest rates

Gain access to the top interest rates available in Australia.

Professional Service

Abacus finance does not charge you any direct fees for our service.Our aim to the professional service we offer is to provide products and services that meet your needs.

A large selection of loans and services

Our professional Mortgage Brokers are connected with many channels of loan products and services for people who not always fit the norm.

Multi-Lingual Services

We are the first choice for international property investor as mortgage brokers because our office is multi-lingual, speaking Mandarin, Cantonese, & English. You can have fluent conversations with our staff members in your first language.

What are the Common Requirements for Non-Resident Loans?

Since you are now in Australia, your credit history in your previous country will not be considered. You have to prove that you have the capacity to repay the amount that you will borrow.

Some of the standard requirements for personal loans for non-residents include:

Proof of employment (In some cases, you have to be employed in certain professions.)

Proof that you have an Australian bank account

Proof of cash savings

Cash deposit

A Hassle-Free Application Process

The home loan process can get complicated at times even for Australian residents. It will even be more difficult for non-residents and temporary residents.

Since you will be subject to more requirements and limitations, you will need someone knowledgeable to guide you in the process. For instance, overseas property buyers sometimes find that they need to make a bigger cash deposit than residents when purchasing a real estate property. Our expert mortgage brokers will help you find a loan that will work for you and will match your financial capacity.

Abacus is committed to helping you with all the needed documents and submitting your application for non-resident home loans in your behalf. All you need to do is sit back, relax, and wait for your notice of loan approval.