Loans for Migrants and Non-residents
Whatever your goal might be, we are here to help!
At Rise High, we understand that as a migrant or non-resident it can be extremely challenging to find the right finance to support your dreams and goals. Working with the right team of experts who have your best interests at heart can make all the difference.
We are here to empower and support you throughout the journey so you can achieve your financial goals and dreams!
Working with the right team of experts who have your best interests at heart can make all the difference.
Our award-winning team can help you and your family find the right loan to purchase your dream home, invest in property, start your own business, or even pay off existing debt sooner with refinancing or debt consolidation.
Whatever your goal might be, we are here to help!
We can't wait to turn your financial dreams into reality!
Understand the process
Find out if you can qualify for an Australian loan, and understand how the application process works
Get your questions answered!
Deposit, government approval, and much more! No question is too big or small
Speak to our wonderful team
Our migrant and non-resident lending specialists are here to help! Request your free consultation today!
To receive regular information, tips, and advice about money management, click here!
Applying for an Australian loan as a Migrant
Applying for finance and getting your loan application approved is a fairly easy process when you have the support of a broker who specializes in helping migrants and non-residents.
Meet with your dedicated Rise High broker to set your expectations right and discover how much you can borrow
Find the right loan to support your dreams and goals
Let our team help as you obtain the relevant documentation, proof of income, and government approval
Obtain formal approval for your loan and sign your documents
Have your loan settled and save money as we conduct regular loan reviews for the lifetime of your loan!
Meet with your dedicated Rise High broker to set your expectations right and discover how much you can borrow
Find the right loan to support your dreams and goals
Let our team help as you obtain the relevant documentation, proof of income, and government approval
Obtain formal approval for your loan and sign your documents
Have your loan settled and save money as we conduct regular loan reviews for the lifetime of your loan!
Can I qualify for an Australian loan as a non-resident?
As a migrant or non-resident, you can have access to the right finance provided you have permission to work in Australia, some savings, a clean credit history, and stable employment.
The amount you will be able to borrow depends largely on the visa type that you currently hold and will often vary between 70% and 95% of the purchase price of the property (in the case of home loans and property investment loans), and will be considered together with other factors such as your nationality and the currency of your income, which often have an impact on the interest rate of your loan.
Working closely with your Rise High broker can provide you with great clarity on what your borrowing capacity may be, as well as the requirements you will have to meet to qualify for an Australian loan as a migrant or non-resident.
Get your questions answered!
Applying for finance in a foreign country and trying to understand the rules and regulations around it can be quite overwhelming. Our team is here to answer all your questions and support you throughout the whole process. Some of the commonly asked questions include:
How much deposit do I need as a migrant?
Just like it impacts the amount you may be able to borrow, your visa status will also have an impact on the amount of deposit you will need. As a general rule of thumb, we suggest you consider saving a 10% deposit as a minimum but highly suggest you request a free consultation with our team to discuss your specific financial circumstances.
Do I require FIRB Approval as a migrant?/ Is approval from the Australian government required?
If you do not hold permanent residency in Australia and are looking to buy a home or property, you might be required to obtain approval from the Foreign Investment Review Board (FIRB).
If you are a New Zealand citizen or are interested in purchasing a property to live in instead of renting out, FIRB Approval might not be required. Our team can provide advice that applies to your personal circumstances.
What other costs must I consider?
When looking to purchase property, Stamp Duty and Capital Gains Tax (CGT) are some of the main additional costs you will want to consider.
Working with your dedicated Rise High broker will ensure you are well-prepared to obtain approval and manage your finances with ease long-term.
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Deposit
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Your loan's approval
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Other costs
How much deposit do I need as a migrant?
Just like it impacts the amount you may be able to borrow, your visa status will also have an impact on the amount of deposit you will need. As a general rule of thumb, we suggest you consider saving a 10% deposit as a minimum but highly suggest you request a free consultation with our team to discuss your specific financial circumstances.
Do I require FIRB Approval as a migrant?/ Is approval from the Australian government required?
If you do not hold permanent residency in Australia and are looking to buy a home or property, you might be required to obtain approval from the Foreign Investment Review Board (FIRB).
If you are a New Zealand citizen or are interested in purchasing a property to live in instead of renting out, FIRB Approval might not be required. Our team can provide advice that applies to your personal circumstances.
What other costs must I consider?
When looking to purchase property, Stamp Duty and Capital Gains Tax (CGT) are some of the main additional costs you will want to consider.
Working with your dedicated Rise High broker will ensure you are well-prepared to obtain approval and manage your finances with ease long-term.
Let us help
Ultimately, our mortgage brokers will be here to help you navigate through all of these questions and many more, being by your side throughout the entire journey.
We will be there to assist you in gathering the relevant documentation, applying for required approval, managing your finances once loan repayments begin, and saving your money long-term after it has settled! Most importantly, we are here to share in your excitement and celebrate the most amazing milestone, being well on your way to achieving your financial dreams and goals in Australia!
We can’t wait to support you on your financial journey!
Ready to get started?
Our award-winning mortgage brokers are always here to look after you and support you in achieving your dreams and goals. With a fee-free service, complimentary loan reviews that save you money, and regular updates and communications, you can trust that we will always put you first and have your back!