Eligibility

Am I able to get a loan?

The best way to assess your eligibility to apply for a loan with RateSetter is to request a 1-minute RateEstimate.

Generally speaking, RateSetter provides secured and unsecured loans to Australian residents. You can apply for a loan for a range of purposes, including purchasing a new car, home renovations, debt consolidation, a major event, a holiday, or even to finance your small business.

Save time before applying by making sure:

  • You are aged 21 or over
  • You are an Australian citizen or permanent resident
  • You have a regular source of income that you can demonstrate
  • You have a good credit history

Can I get a loan if I’m self-employed?

Yes, you can. To be eligible to apply for a RateSetter loan as a self-employed individual, you will need to have been in your current role for at least 12 months and be able to provide your most recent individual tax return and the corresponding notice of assessment from the Australian Taxation Office.

Can I refinance a loan with RateSetter?

Yes, you can. However, your request to refinance a loan with RateSetter will be treated as a new loan application and must therefore meet the same eligibility criteria as your original loan. We will likely request that you provide us with updated information concerning your personal and financial circumstances before assessing your refinancing request.