How visa status and residency affect who can borrow, how much, and on what terms.
12 terms in this topic
Higher deposit requirements for visa holders are lender rules that ask temporary residents for more cash upfront than citizens, capping the loan-to-value ratio.
Read definitionNon-permanent resident borrowing is lending to people on temporary Australian visas, where the home loan, car or business finance is assessed against visa term and work rights.
Read definitionA non-resident home loan is an Australian mortgage for a borrower living overseas, whether an expat, a temporary visa holder abroad or a foreign national.
Read definitionA partner visa home loan is a residential mortgage where at least one borrower holds a partner or spouse visa, assessed on that borrower's immigration status.
Read definitionSpecialist lenders for temporary residents are non-bank lenders, mortgage managers, credit unions and boutique banks that write home loans major banks decline on visa grounds.
Read definitionStudent visa loan eligibility is the set of rules deciding whether a student visa holder can borrow from government schemes or private lenders, and on what conditions.
Read definitionA temporary resident mortgage is a home loan assessed on residency status, for someone living in Australia on a temporary visa rather than as a permanent resident.
Read definitionA temporary visa home loan is a mortgage for someone who lives and works in Australia on a non-permanent visa, assessed on visa type and remaining term.
Read definitionVisa expiry and loan term restriction is the lender practice of capping a loan term to visa expiry, or requiring a minimum stretch of visa left at application.
Read definitionVisa holder eligibility is the assessment of what a person's visa subclass, conditions and status actually allow: work, study, government programs and access to credit.
Read definitionVisa status in responsible lending is the immigration evidence a lender must verify, covering work rights, expiry and renewal prospects, before it assesses whether credit is suitable.
Read definitionWork visa lending is credit offered to people on temporary work visas, from home loans and car finance to personal loans, assessed against visa length and employment.
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