To be eligible to apply for a payday loan, following criteria need to be met:
No, it’s not absolutely necessary to be an Australian citizen to get a payday loan in Australia. If you have a valid visa (for a duration no lesser than 6 months) or a valid immigration status (derived from governmental programs such as political asylum or refugee camps), you can still apply for a payday loan in Australia.
Yes, certainly. If you are a retiree with a documented and regular source of pension (including benefits from Centrelink), you qualify to apply for a payday loan. More about payday loans for retirees and seniors can be read by visiting this thread.
Yes, certainly. Most payday lenders grant payday loans to single parents, provided that they have a regular and reliable source of income. Typical situations like maternity or paternity period and other medical emergencies for the single parents and their dependent children also qualify for a rebate of up to 20%. Please click here to read more.
Yes, it is. Migrants with authorized migrant status and accompanying immigration record can easily get payday loans if they have a regular and verifiable source of income in Australia (preferably from an Australian employer). Please click here to know more about other criteria regarding payday loans offered to migrants.
Yes, tourists can get payday loans in Australia. Eligibility in such cases is determined by the status of the visa and other financial details of the applicant (bank account, financial stability etc.). To know more about payday loans for tourists, please visit this page.
Yes, you are. If you are living in another country, you can still apply and qualify for a payday loan from an Australian payday lender. You need to, however, be able to produce relevant documentation (identity, address, bank details and employment details) to make your case. Please note that the loan granted by a payday lender in Australia can be transferred instantly only to Australian bank accounts. In rare cases, international bank accounts can be used for the transactions, but these transfers are unlikely to be instant.
If you are a student working part time, you can apply for a payday job, provided that you are 18 years of age, or older. Minors are not allowed to apply for a payday loan in Australia. Please click here to learn more about how students can get payday loans in Australia.
You can apply for a payday loan in spite of your unemployment, if you have a regular source of passive income (rent from property, stock benefits etc.). Please click here to learn more about payday loans offered to the unemployed.
If you meet all the requirements detailed above, you are more than likely to be eligible to apply for a payday loan. However, certain circumstances (such as proven instances or pending enquiries regarding tax evasion, money laundering, or other charges cognized by the Australian Securities and Investments Commission) that freeze your credit report will bar you from applying for any kind of loan in future, including a payday loan.