Firstly, before applying for a personal loan in Australia, you must determine whether you’re meeting the lender’s requirement to qualify for the loan. When it comes to applying for a personal loan, there are several aspects to consider. Here are the basic requirements you need to meet: You should be at least 18 years old. A Permanent resident of Australia or have an eligible visa (for more information, consult the best mortgage broker Sydney) Must have a good job or have a regular income Have a good credit score. Shouldn’t be going through the process of bankruptcy.