Eligibility of personal loan in australia?

hi, i need some advice. i am a malaysian citizen yet to have an australian PR. i am working in the public health sector in melbourne. i am in need of credit. does OZ banks approve loans to non citizens? do they practice any leniency for non citizens?
help, i'm really in need of cash as i am planning to get married ASAP

Hi Aloque,

Congratulations on getting married!

All Australian banks will lend to someone with permanent residency! If you are after a personal loan, have a good credit history and a good job then I recommend that you approach your own bank first as they will give you a higher credit score because you have a relationship with them.

If they decline you then talk to a CBA branch (Commonwealth) as they tend to be more lenient with personal loans.

Just to let you know joint applications (two people applying together) have a higher credit score than single applications! So maybe your soon to be spouse can apply with you to improve the chances of getting approval?

http://www.homeloanexperts.com.au

People with poor credit feel that it is difficult to get personal loans. However, there are many financial companies and banks that provide loans to bad credit applicants. Bad credit personal loans are generally sought<!--by persons who want to consolidate their loans.Some banks prefer to provide loans in an incremental order. First time customers are given loans ranging from $200 to $500, depending on their net income. You can get more about personal loans here,

http://best-loans.awardspace.com/persona...

These customers can later apply for loans up to $1,500. Loans of greater amounts can be fetched through secured personal loans. These loans are passed by taking your property or home as collateral-->The interest rates on secured loans are lower than unsecured loans. However, there is always the risk of losing your house or property if the loan is not repaid.