Loan
Eligibility
Thinking about taking out a loan with Salt & Lime? Confirm your car loan, personal loan and debt consolidation loan eligibility today!
are you eligible?
Fast and flexible personal loans for every borrower
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You're over 18 years of age
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You have online banking set up
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You're contactable via phone and email
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You're an Australian Citizen or Permanent Resident
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You have regular income for at least 3 months and can provide pay slips
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You own a vehicle for security against the loan
At Salt & Lime, we make it our mission to help borrowers meet their financial needs every single day. We believe that everyone deserves access to high-quality personal loan services.
To ensure that our personal loans are helpful rather than harmful, Salt & Lime maintains certain standards for loan eligibility that help borrowers escape an endless cycle of debt. No matter who you are, trust that our professionals have your best needs in mind.
We’ve kept our rates transparent and easy to understand, so you’re never out of the loop about the product you’re applying for. With Salt & Lime, what you see is what you get. Depending on what loan you’re after, we offer flexible loan terms from one to seven years, allowing you to borrow up to $75,000.
To keep things simple, we’ve kept our eligibility requirements the same across our suite of personal loan solutions. Whether you’re checking your eligibility for a debt consolidation loan, a car loan or a personal loan, rest assured you’ll be able to gauge the likelihood of approval.
The many benefits of taking out a personal loan with Salt & Lime
There are many reasons why Australian borrowers choose Salt & Lime as their lender. We believe everyone deserves access to fast and secure funding, regardless of their financial past. Salt & Lime issues personal loans for borrowers with all kinds of credit histories, from good to bad.
Whether you’re interested in a personal loan, car loan or debt consolidation loan, here are some of the benefits you can look forward to:
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Debt consolidation loans can reduce monthly bills. Not only can this save more money in the long run, but short term loans lasting 5 years or less could help you reach debt-free goals faster than ever.
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Many debt consolidation loans reduce your overall interest and tax burdens, allowing you to save more money every month.
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Loans with smaller term lengths (5 years or less) allow you to become debt-free in less time.
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Personal loans from Salt & Lime allow you to receive rate discounts with the completion of financial wellness modules.
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Fast turnaround. Once approved, you could have the funds deposited into your account within 24 hours.
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Option to have loan payments collected directly from your employer.
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No early repayment penalties or ongoing fees.
Know where you stand with your loan application
While we have our loan eligibility criteria, we encourage all borrowers to consider their own personal eligibility before applying. Our loans are designed to help you reach your financial goals. For instance, consolidating your debt should allow you to regain control of your finances, helping you achieve financial freedom.
Before checking your personal, car or debt consolidation eligibility, ask yourself:
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Am I borrowing too much? Double-check the amount you need to borrow, to ensure you don’t bite off more than you can chew.
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Could you pay off your loan within 5 years or less? Salt & Lime offers personal loan terms for up to five years. You must ensure your budget will be able to handle regular repayments.
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If you are taking out a debt consolidation loan, would consolidating your debt provide you with substantial interest rate savings? Your next lending opportunity should be a blessing rather than a burden to your budget.
Understanding your loan eligibility
Personal loan eligibility at Salt & Lime is designed to be accessible and informative. Australian citizens and permanent residents can apply for a debt consolidation loan if they meet the following requirements.
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Employment — Any Australian citizens with a pay-as-you-go (PAYG) job or salaried position is welcome to submit an application. Length of employment is not necessarily a deciding factor in eligibility.
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Age — You must be over 18 to apply for a personal, car or debt consolidation loan. Some proof of age, including a licence, may be required.
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Credit history — Anyone can apply for a personal loan from Salt & Lime. Even with bad credit, you may still be eligible for a personal, car or debt consolidation loan.
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Recent bank statements — Our office staff will request some documentation related to your recent bank statements. Simply attach and submit your information along with your online application form.
Checking your personal loan eligibility and applying for a loan is fast and easy — simply submit all requested information to Salt & Lime’s online portal, then wait to hear back from our staff within one business day. We may request additional information at this time and will provide all the information necessary to take the next steps.
Check your loan eligibility with Salt & Lime
Great lending, great people and great customer service — it’s the perfect combination of outcomes that Salt & Lime strives to uphold. Whether you’re looking to lower your monthly rates or regain control of your finances, our team of experts is ready to help.
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Our range of personal loans has no fees, making it easier to gauge your monthly payments.
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Pay off your loan as quickly as possible, with zero penalties for early repayment.
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Quarterly quizzes allow borrowers to reduce their rates up to four times per year and spend less while learning more.
With Salt & Lime, loans with great rates and zero fees are right around the corner.
Get in touch with Salt & Lime today to check your eligibility for a used car loan, debt consolidation loan or personal loan. You can submit an online contact form to receive an answer to your loan questions as soon as possible.