A personal loan can often come in handy when you’re a little strapped for cash, particularly when you’ve been hit with unexpected expenses such as medical bills, emergency travel costs or even a reduction to your regular income.
Many of these sorts of unforeseen outgoings not only affect Australian residents, but also non-residents and visa holders. So, you might be wondering whether those living in Australia on a visa are eligible for personal loans.
While the lending criteria might be more stringent, there are still a number of banks and lenders that would consider a personal loan application from certain temporary residents.