Who can get a personal loan?

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  • Be aged 18 or over
  • Be an Australian citizen or permanent resident
  • Be earning over $25,000 per year from a regular source of income that you can demonstrate
  • Have a good credit history
  • Proof of identity (passport or driver’s license)
  • Proof of income (pay slip or tax return)
  • Assets (such as property, vehicles or jewellery)
  • Other debts (credit cards and loans)
  • Regular expenses (rent and bills)
  • Bank statements to show savings and repayments made in the past on loans or credit cards
  • Paying your rent, mortgage and utility bills on time
  • Making credit card repayments on time and paying more than the minimum repayment
  • Lowering your credit card limit
  • Limiting how many applications you make for credit 

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