What is the eligibility criteria for obtaining a home loan from Aussie Home Loans?
To be eligible for a home loan from Aussie Home Loans, several criteria must be met. Firstly, applicants must be at least 18 years old and either a citizen or permanent resident of Australia. They should also have a regular income, which can be proven through payslips or tax returns. It is essential to have a good credit history and not be bankrupt or in the process of bankruptcy. Additionally, individuals must have a deposit saved, typically 5% of the property's value, although some loans may require a higher deposit. Aussie Home Loans also considers factors such as the applicant's employment stability and their ability to repay the loan. Meeting these requirements will increase the chances of being approved for a home loan from Aussie Home Loans.
Answered May 3, 2024
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