AUSTRALIA LOAN FOR FOREIGN BORROWER WITHOUT RESIDENCY
In Australia a loan for non-resident and foreigners is elaborated to offer in such constellation the access to financing through Australian banks and lenders noting that resident foreigners have an easier access to Australian loans than non-residents.
In Australia loans for foreigner or non-resident migrants are proposed by a few selected Australian lenders that have adapted their rules to this type of borrowers giving options to obtain a personal or a home loan along with specific requirements that will need to be met before getting approved through banks in Australia.
In Australia a loan for non-resident loan consists of a financing arrangement made available by Australian banks to a borrower living outside the country.
In Australia, non-resident funding is intended to provide access to funds to a person who is not resident in the country or who has just arrived there.
In Australia in order to obtain a loan a non-resident has to convince the Australian lenders that he has regular source of income providing at the same time with the evidence of overseas assets and positive bank history in his country.