Most big Australian banks have closed their loans to overseas people. At present, only a few fund companies can provide loans to overseas people, but there are few products, and the current floating interest rates are all around 6%-7%.

Application conditions

The conditions of overseas loans are basically the same as those of local loans, and the most basic requirement is of course a stable income. Applicants are required to provide 6 months' salary bill and employer's letter. If you are self-employed, you need to provide an income certificate signed by an accountant.

Loanable amount

Generally speaking, at present, the loan amount of overseas people is at most 60%-70% of the house price. How much money the specific bank can lend you is determined by your own income, not the house price. Other factors also involve the applicant's other debts, credit card limit, etc.

In addition, from our recent case, lending institutions will depress the valuation of houses, so we suggest that applicants prepare more extra funds for emergencies.

Loan time

I suggest you consult your broker at least half a year in advance to determine whether you meet the loan conditions and start preparing the corresponding materials. Apply for a loan three months before the house is settled.

bill of materials

Color copies of ID cards and passports;

Housing sales contract;

Proof of income (employer's letter, six-month salary list or income letter signed by accountant);

Proof of deposit (accepting bank deposits from Australia or China);

China's credit report is detailed.