What are the eligibility criteria for a RAMS Home Loan?

To be eligible for a RAMS Home Loan, certain criteria need to be met. Firstly, you should be at least 18 years old and a citizen or permanent resident of Australia. Additionally, you must have a steady source of income to demonstrate your ability to make repayments on the loan. A good credit history is also important, as it can affect the loan approval process. RAMS typically requires a minimum deposit or equity, which can vary based on the type of loan and property you are seeking to finance. In addition, you should provide the necessary documents, including identification proof, employment details, and financial statements, to support your loan application. Meeting these eligibility criteria is vital to be considered for a RAMS Home Loan.