One of the basic credit products available to individuals is a personal loan. These loans are issued for consumer purposes and offer a wide range of uses. Banks set certain requirements for prospective borrowers, such as a minimum age of 18 years. If you’re planning to apply for a personal loan with Commonwealth Bank, here are the basic requirements the bank sets for its potential customers.
To apply for a personal loan in CBA, you must:
- have 18 years or be older
- be a resident of Australia or New Zealand
- live in Australia
- get regular gains
- meet income requirements and have a satisfactory credit rating
- be ready to provide the full range of ID and financial documents to CBA, like an Australian birth certificate, Australian driver's license, bank statements, employment letter, medicare card, passport, payslips, etc.
If you have additional questions, please call 13-14-31.
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