Permanent Residency Loans Made Easy
Visa Loans from $200 to $25,000
Visa Loans from $200 to $25,000
Cash Direct offers a range of loan options for new migrants working in Australia. If you are a Non-Permanent Resident in Australia, with a Temporary Working Visa, an International Student Visa or have a Family or Partner based Visa; you can qualify for a Cash Direct Visa Loan.
We offer Small Loans of between $200 to $2,000, that can be paid over 1 to 12 months. We also offer medium loans of up to $5,000, typically paid over 12 months. We can consider larger loans where you have higher income and capacity to repay a larger loan.
How can I qualify for a Visa Loan? Easy, you will just need to have:
Australian Employment of at least 20 hours per week
An Australian bank account, receiving your wages, and showing a consistent and responsible budget
A valid Passport and Visa, supporting a Visa term that is beyond the loan term
Clear credit in Australia
A good Character Referee that can provide a character reference and be your back up contact
Applying for a Visa Loan is 100% Online and Paperless. It will take less than a few minutes to apply online, and once approved, you sign up electronically, and money is transferred into your Australian bank account within 1 hour. As a Cash Direct Member, you will get Express Service for any future loan needs.
Click here to Apply Online Now.
Yes, much easier. Once you have your permanent residency, you will find the larger banks and lenders will be much more comfortable lending to you. You can then qualify for highly competitive car and home loans. Your permanent residency will also give you access to free education at Public Schools and access to Medicare, Australia’s Public Health Care System. If you need help funding your Permanent Resident Application, click here.
The Permanent Residency loan is designed to support working migrants apply for a Permanent Residency in Australia for them and their family.
These loans are typically:
$8,000 to $15,000
Paid weekly, over 12 to 18 months
No extra charges for early repayment
New Migrants can become a Permanent Resident of Australia in different ways, but the most common for our customers is via the work-stream permanent visa.
The Permanent Residency is different to Australian citizenship, but has some valuable benefits, including the ability to:
Remain in Australia indefinitely
Work and study in Australia without restriction. With access to free primary, secondary and University education
Enroll in Medicare, Australia’s national health care system
Apply for bank loans to buy property
Sponsor eligible relatives for permanent residency
Apply for Australian citizenship, if eligible
Travel to and from Australia with a travel facility
Attend free English classes
Even work in New Zealand
Potentially qualify for other government benefits and services.
The primary method will be via the Employer Nomination Scheme via, where your current employer will need to nominate you.
You can also do this via the Regional Sponsored Migration Scheme visa, which will again require your employer to nominate you. The process can be shorted by committing to work in regional Australia for a period of time.
The final worker-based approach is the Skilled Nominated Visa, where a State or Territory Government must nominate you based on skill and contribution to society. You must also be under 45 and score 65 points on the points test to qualify.
The minimum cost of the Permanent Residency visa is about $4,000 to $5,000 for the Fee paid to Home Affairs. You may need extra funds to pay for a Migration Agent, to help drive the process. The processing time is typically between 4-6 months for the Employer Nomination Scheme, and can be longer for the other approaches. You will also likely need to pay a fee to a Migration Agent to manage your Permanent Residency Process.
The loan will be used to fund the key expense of the Permanent Residency process:
Processing fee payable to the Department of Immigration, a minimum of $4,045
Fees for working with a registered immigration agency
We will help you form a budget for this and process your loan on that basis. It can also be settled in parts based on the timing of payments. The payment can go directly to your Immigration Agency or we can transfer the funds to your nominated bank account when required.
To apply for a Cash Direct Visa Loan in minutes, click here.
Yes, Cash Direct offers "Permanent Residency Loans" specifically designed to support working migrants applying for Permanent Residency in Australia. They also provide various loan options for new migrants working in Australia on temporary visas.
The loan is designed to fund key expenses of the Permanent Residency process, including the processing fee payable to the Department of Immigration (a minimum of $4,045) and fees for working with a registered immigration agency.
To qualify, you need Australian Employment of at least 20 hours per week, an Australian bank account responsibly receiving wages, a valid Passport and Visa with a term extending beyond the loan term, clear credit in Australia, and a good Character Referee.
The minimum cost for the Permanent Residency visa fee paid to Home Affairs is about $4,000 to $5,000. You may also need extra funds to pay for a Migration Agent to help manage the process.
Yes, it is much easier. Once you have permanent residency, larger banks and lenders are more comfortable lending to you, allowing you to qualify for highly competitive car and home loans.
Permanent Residency loans are typically $8,000 to $15,000. Cash Direct can also consider larger loans where you have higher income and capacity to repay a larger loan.
These loans are typically paid weekly, over 12 to 18 months. There are no extra charges for early repayment, which will reduce your overall interest and fee cost.
Key benefits include the ability to remain in Australia indefinitely, work and study without restriction (with access to free public schooling and Medicare), apply for bank loans to buy property, sponsor relatives, apply for Australian citizenship, and travel to and from Australia with a travel facility.
The processing time is typically between 4-6 months for the Employer Nomination Scheme, and it can be longer for other approaches.
Permanent Residency allows new migrants to remain in Australia indefinitely and is different from Australian citizenship, though it offers valuable benefits and can be a pathway to citizenship. The most common path for Cash Direct customers is via a work-stream permanent visa.
For our Small Loans of $2,000 or less, an APR (Annual Percentage Rate) doesn’t apply. These are fee-based only, and so they don’t have an APR. The establishment fee is 20% of the amount borrowed and the monthly fee is 4% of the amount borrowed.
For example, a loan of $1,000 repaid over 4 months equates to a total payable of $1,360. This is comprised of $1,000
principal (the amount borrowed), $200 establishment fee, and a total of $160 in monthly fees.
For our Medium Loans between $2,001 and $5,000. The base interest rate may vary depending on the loan product. The maximum rate we use is 48% and an Establishment Fee of $400.
Terms for our Small Loans are up to 3-12 months, and for our Medium loans, it is 3-24 months. With each, you can
repay your loan any time without being charged additional fees, and it will reduce your interest and fee cost overall.
Cash Direct Pty Ltd (ACN: 129 259 605; Australian Credit Licence 393862) is a specialist in providing cash loans to its customers when they need it
%201.svg)
%201.png)