At Domain Private Capital, we strive to assist as many applicants as possible. Below are the basic requirements for personal loan applications:
You must be at least 18 years old.
You can be an Australian citizen, resident, immigrant, or hold a valid working visa in Australia.
You must have a bank account linked to internet banking.
Regular income should be deposited into your bank account.
You should have at least 90 days of bank statements (we can provide a convenient link for easy upload).
An active email address and mobile phone number are necessary.
Key Considerations Before Applying
Applying for a car loan is a significant step. To help you make an informed decision, here are a few things to consider before applying
Interest Rate and Annual Percentage Rate (APR): Familiarize yourself with the terms. The interest rate is the cost of borrowing the principal loan amount while the APR includes the interest rate and other loan charges.
Loan Term: This is the time period over which the loan will be repaid. Understand that a longer loan term means smaller monthly payments but more interest over time.
Repayment Schedule: Determine if you can comfortably meet the repayment schedule while covering your living and education expenses.
Additional Costs: Be aware of additional costs such as application fees, late payment fees, or penalties for early repayment.