What information do I need to apply?

You’ll need to provide some documents to back up the information in your personal loan application. 

Lenders ask for these documents to prove your identity and financial situation so that they can assess whether you will be a trustworthy borrower. Basically, they want to know that you have the ability to repay the personal loan without falling into financial difficulty. 

Follow our guide for an overview of the type of documents you may need to provide when you apply for your personal loan:

  • 100 points of ID. For example, your driver’s license, passport, Medicare card, etc.
  • Proof of residence, such as council rates or a utility bill that confirms your address.
  • Proof of income, such as recent payslips, a tax return, a group certificate or current bank statements. Lenders may also ask for a letter from your employer stating your employment details.
  • Proof of savings, such as bank statements or investment documents that show you have the ability to regularly save money from your income.
  • Assets, including property or other vehicles that you own.
  • Liabilities, including any other debts or loans in your name, such as credit cards.
  • Contact details for people who can authenticate these details, such as your employer, landlord or accountant.

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