What Are the Loan Eligibility Requirements?
By Sunshine Loans
Learn the basic requirements and information we may assess, so you can check them before you apply and decide if borrowing suits your circumstances.
Who Can Apply for a Sunshine Loan?
Sunshine Loans is available to Australian residents who meet the following criteria:
- Must be at least 18 years of age
- Must be an Australian citizen or permanent resident
- Must have a regular income (employment, Centrelink, or other)
- Must have an Australian bank account for repayments and fund transfers
- Must have an active email address and mobile number
Do I Need Good Credit?
No credit checks are conducted. Sunshine Loans assesses your loan based on your current income and expenses, not your credit history. This means past credit issues won't automatically disqualify you.
Can I Apply if I Receive Centrelink?
Yes. If you receive Centrelink payments as part or all of your income, you may still be eligible. Your application will be assessed based on your overall income and expenses.
What About Loan Amount Limits?
New customers can borrow from $2,050 up to $2,500. Returning customers who have successfully completed two Sunshine Loans on time may be eligible to borrow up to $3,500.
General information only; not personal financial or legal advice. Consider your circumstances and seek independent advice where needed.