You have a great new job, or are an international student, and have established a solid Australian monthly budget to keep on top of things. But, sometimes you will need an extra Funding Accelerator to help get to the next step in your Australian Pathway.
Landas partners with Cash Direct to provide Skilled Migrants and International Students with flexible, affordable loan solutions. You can use a loan to tackle your next critical step, and then use your Landas Budget to drive savings to pay down your loan sooner.
Getting a loan can also help you establish a good credit rating to demonstrate you can commit to a loan payment schedule. With your Landas Budget using Frollo, you can also track your loan payments and determine when it’s safe to pay extra to reduce the cost of your loan.
If you need a Transition or Accelerator Loan to support your budget and Pathway, talk to your Landas customer service officer.
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.
Cash Direct offers Small Loans of between $200 to $2,000, that can be paid over 1 to 12 months. Cash Direct also offers medium loans of up to $5,000, typically paid over 12 months. Cash Direct can also consider a larger loan where you have higher income and capacity to repay a larger loan.
Learn more about Visa Eligible Loans, from Cash Direct.
- Visa Cash Flow Support Loan
If you just need a Small Cash Loan of between $200 to $2,000, that is typically paid over 6 months, this loan can be a good option. Funds can be transferred into your account within an hour, which makes for a handy back stop. As a Cash Direct member, you can be eligible for Express Approval for future loans.
- Visa Express Loan.
A Visa Express Loan is designed to fund any new Visa or Visa Extensions you may have. This can also include helping with a Partner Visa or Family Visa. Visa processes can take time, so starting the process as soon as possible is always advised.
- Visa, Non-Resident Car Loan.
As a non-resident on a Working visa, like a 482 Visa, it may be difficult to attain a car loan. Cash Direct offers a Non-Resident Car Loan, or Car Loan for Australian Visa workers which is designed to provide funding for an economy car purchase to support affordable transport in Australia.
This can also be used to fund another vehicle such as motorcycle or scooter also.
Some new migrants are comfortable using public transport which can be sound in the major metropolitan areas of Australia.
If you do need your own car, particularly if you have family with you, or are planning to have your family live with you shortly, a car can be critical.
- Tax Advance Loan.
- Permanent Residency Loan
Cash Direct offers a Permanent Residency loan that is designed to support skilled migrants apply for their Australian Permanent Residency. This can be quite an expensive process, with fees and legal costs, but it provides substantial benefits. The process can also be long, so the sooner you can start the process the better.
These loans are typically:
- $8,000 to $15,000
- Paid weekly, over 12 to 18 months
- No extra charges for early repayment
- International Student Loan
Cash Direct offers an International Student loan for students, trainees, as well as parents or guardians of underage international students. The most common situation will be an adult student on a 400 Student visa, or a 407 training visa. However, can also be for a parent on a 590 Guardian visa or a Graduate working on a 485 temporary Graduate Visa.
The International Student Visa loan is often used to support tuition fees, interim expenses and bills. It will require the applicant to be working a minimum of 20 hours per week and demonstrating a responsible ongoing budget.
- Visa Tax Advance Loan.
Cash Direct offers a Tax Advance loan for new non-resident workers, on a temporary visa, who are working at least 20 hours per week, and expecting a tax refund in their upcoming annual tax return from the Australian Taxation Office.
Cash Direct can offer a loan that can be repaid in part or full via your tax refund. In essence, you will receive your tax refund sooner, based on a reasonable estimate of that refund amount. You must also demonstrate an ability to fund the loan in regular payments from your ordinary budget.
The advantage of this loan is to get your tax refund funds sooner, and also have a clear path to repay the funds sooner to reduce the cost of the loan.