Car Loans for Visa Holders

Permanent residency visas (189, 190, 186, etc.) are widely accepted. Work visas like the 482 (TSS) are accepted by many lenders. Student visas (500) have limited options. Working holiday visas (417/462) are challenging but not impossible. New Zealand citizens on 444 visas are generally treated like residents. Each lender has different policies, which is why speaking with our broker is essential.

Not always. While having Australian credit history helps, we work with lenders who accept applicants with no local credit history. They may assess your application based on employment, income, and rental history instead. Some lenders also consider overseas credit reports.

Deposit requirements vary by lender and visa type. Permanent residents may access no-deposit options, while temporary visa holders typically need 10-20% deposit. Having a larger deposit improves your options and may result in better interest rates.

Typically: valid passport, visa grant notice or VEVO check, proof of Australian address, employment contract or recent payslips, bank statements (Australian and/or overseas), and drivers licence. Requirements vary by lender and visa type.

Options are limited for student visa holders but not impossible. Some specialist lenders consider students with part-time employment and sufficient income. Having a guarantor (such as a parent or partner who is a resident) significantly improves your options.

Lenders typically require the loan term to fit within your visa validity or evidence of visa renewal/extension. If you are applying for permanent residency, some lenders may consider this. We can help find lenders with flexible policies.

Rates may be slightly higher for temporary visa holders compared to citizens/permanent residents, as lenders consider the additional risk. However, rates vary significantly between lenders, and we help find competitive options for your situation.