MAP can assist Temporary Residents (typically on 457 visas) with a referral to an expert in Car loan Finance. Approval criteria is very strict though, loan term must be less than the remaining term on the visa and interest rates vary depending on overall strength of application. 

Interest rate: Rates start from 14.99% pa (comparison rate 16.00% based on a $30,000 loan over 5 years)

Loan term: 2-7 years however loan term must be no longer than 3 months prior to end of the temporary visa.

Loan Size: $5,000 - $35,000

Please read the following approval criteria:

The criteria is very strict. If you do not at a minimum meet the following guidelines we will be unable to assist:

Applicants: 18 years and over,

Employment: 3 months in current job (off probation)

Income: Min $70,000 gross pa

Purpose: Purchase of motor vehicle no older than 2003 model (loan will be secured to car)

Visa: Must have greater than 2 years to run (if your visa has less than 2 years to run but you have excellent income or only seeking a small loan then we may still be able to assist)  

If you would like to find out if you qualify please give us a call on 1300 397 287 or email and we will get back to you within 24 hours.

NOTE: The loan must be secured to a motor vehicle. We can not assist with personal loans for temporary residents where the purpose is other than to buy a motor vehicle. 

Information on Temporary Resident Home Loans here.

Information on Expat Home Loans here.