Find out what loan and payment amounts you can expect from your Finance loan.
There are several reasons why you may need to apply for a personal loan. FINANCE Offer unsecured personal loans for a number of specific products and purposes. You can view these on our personal loans page.
Wanting a personal loan isn’t as simple as contacting us or another financial services provider and simply saying, “I’d like a loan, please.” You need to make sure you fit any eligibility criteria set by the lender as well as pass a credit check to be approved for a personal loan.
Here are some tips that will help you be approved.
Understand the Requirements
Different money lenders may have different requirements in terms of eligibility, so don’t fall into the trap of thinking that if you’re eligible for one loan you’re eligible for them all.
To not be bankrupt, or have court judgments or unpaid defaults against your name.
To be at least 18 years old.
To be employed.
To be able to provide us with two forms of identification.
To be a sole applicant, as we do not accept joint applications.
To be looking for between $5,000 and $40,000.
Other eligibility criteria may apply
Be Smart with Your Money
If you have always been smart with your money and you have done a good job of managing any existing credit that you have access to, then you’re more likely to be approved for a personal loan.
Resisting making excessive applications for credit and managing your usual income well can also help, as numerous credit applications can lower your credit score and be a sign that you’re not good with money management.
Understand Your Needs, and Why You Want the Loan
It is easy to be seduced by the thought of having $25,000 in the bank, but if you only need $5,000, you should make sure you only apply for this amount of money.
If your credit score is low enough that you would fail a credit check, there’s nothing we or another finance provider is going to be able to do to change that at the time of application.