Many shops and ATMs can use it, but it is not very convenient to charge a handling fee. And it can't be used everywhere. Sometimes it will be very troublesome if you need it urgently.
Moreover, UnionPay's credit cards do not have overseas trading channels, and they are all rented by overseas credit card merchants. It will be very troublesome if you encounter a refund. So it's best to apply for Visa or Master credit card. If you travel, just go to China Bank and get a Great Wall Credit Card from China Bank.
If you go to school, you can apply for the Great Wall Card of China Bank, but the most convenient thing is to apply for a card at a local bank in Australia.
2. Do Australian banks really no longer accept loans from overseas people?
At present, many banks in Australia, including the four largest banks in Australia, have stopped lending to overseas buyers. This makes people in China panic, especially those who have already paid the down payment. So, can they still borrow money to buy Australian real estate now? The answer is yes, so for those who need a loan to buy Australian real estate.
For Australian real estate loans, before the comparison in these two years, everyone can easily get 70-80% loans from local banks in Australia. But so far, Australia's four major banks have stopped lending to overseas buyers.
Why is silver in Australia?
In fact, this is mainly a problem for overseas buyers. Since 2065438+April 2006, ANZ and Westpac have discovered that hundreds of China people have provided false materials in the process of applying for overseas housing loans. Because Australian banks generally believe that making fake materials is more time-saving and efficient than providing real materials.
As a result, Australian banks have tightened their overseas income: ANZ Bank, Federal Bank, Westpac Bank and NAB Bank. This situation gradually spread to other non-bank financial institutions in Australia. The measure they took was to constantly raise the loan requirements for overseas people, and finally announced that they would completely reject the loan applications of overseas people.
What are the ways of Australian real estate loans?
Since local banks in Australia can't get loans, are there any other ways to get loans besides local banks in Australia? The answer is yes, mainly because there are many non-Australian banks, and some private equity funds are also possible.
Bank loans and
The product cost of the bank is low, which requires the loan applicant and the bank to have other
The requirements of the fund for lenders are relatively loose, but the fees are relatively high, so it is suitable for investors who cannot pass the bank audit for various reasons or who are in bridge loan.
Choosing a loan channel also requires caution. Although there are many platforms that can provide such mortgage products, there are also advantages and disadvantages, and the differences in loan products are quite large, so the platform you choose.
What do Australian real estate loan conditions need to meet?
If you want a loan, of course, you can buy a house in Australia. What are the loan conditions? In this regard, different lending institutions and financial products may need different materials, but they basically need the following materials.
1. Lender's assets: generally included in this respect;
2. Lender's debt: other debts that need to be submitted;
3. Lender's income: You need to know the lender's salary level. The house is used for investment, so this part.
4. Lender's fees: This part generally does not need a written explanation, because the financial calculator will automatically deduct the fees, so you do not need to provide material proof of the fees; Macao
In terms of loans, the interest rate of Australian real estate loans is a matter of concern to everyone, so what is the interest rate of Australian real estate loans? In this respect, each bank may be different, and it may also depend on the personal situation of the lender. Generally speaking, Australian housing loans can be divided into floating fixed interest rates, which are higher than floating interest rates.
Any questions or questions about Australian real estate loans to buy houses will be explained by professional Australian real estate consultants.
3. Is it true that the four major banks in Australia no longer accept overseas income loans?
At present, the main banks that provide loans to overseas people in Australia are nationalaustraliabanklimited, commonwealthbankofaustralia, anzbank and westpacbank. If Aosheng Real Estate's answer is favorable to you, remember to adopt it.
4. Do Australian banks really no longer accept loans from overseas people?
Overseas people can't borrow money in Australia? !
I believe that last week, everyone saw a message similar to "There is no reason for the four major banks in Australia to refuse all overseas income loans", which was swiped on WeChat of many Australian Chinese friends for several days. Even many investors in China were frightened by the news, and many investors came to Bian Xiao to ask if the news was true.
Here, responsible Bian Xiao interviewed loan managers and loan intermediaries of several Australian banks to explain this alarmist and inferior hype.
(The picture shows the four major banks in Australia)
First of all, the source of this news comes from a news that the four major banks will not accept fake overseas income loans and vigorously investigate and deal with such fraud. Note that "fake" overseas income loans are not accepted, not all overseas income loans. Therefore, for regular overseas loan applicants, as long as the materials are true and can cooperate with the investigation, they can still lend money smoothly. Secondly, the tightening of overseas income loans is indeed true. At present, Australian banks are raising the threshold of overseas income loans, which is also to minimize the risk of bank loans and reduce the inflated real estate bubble. For example, Westpac, one of the four major banks, announced that it would start to implement the new overseas income loan policy in March this year. In the New Deal, overseas income loans include permanent residents (PR) and overseas people without Australian status. As long as you live overseas, the loan ratio will be 70% if you borrow from overseas income. But for PR, if they live in Australia but their income comes from overseas, the loan ratio can reach up to 90%.
Bian Xiao believes that such a thorough investigation may not be a good thing. Some home buyers with false overseas income certificates and loan brokers with irregular operations have been hit by this census, which can greatly reduce the unsafe factors in the overseas investment market, standardize the operation of the whole market, and provide more opportunities for more overseas loan applicants with real materials. Under the policy of gradually tightening overseas income loans, it is recommended that you communicate with the loan broker in advance to ensure that the loan matters will not go wrong and the real estate transaction will be smooth. At the same time, it is suggested that those who are interested in buying faster houses, or those who have already bought waiting houses, prepare more generous funds. Let Bian Xiao sum up the following questions for everyone.
1. Does the bank no longer accept overseas loan applications?
ANZ Bank will reform the loan policy for overseas income and require Australian citizens and Australian permanent residents to provide more approval materials. And this policy will take effect on March 29th!
Because there is no clear definition of the concept of "pure foreign income investors", many people misunderstand that it is forbidden for foreigners to apply for bank loans for investment! The regulations issued by ANZ Bank on March 29th are actually only for local customers with overseas income-Australian permanent residents and citizens. It doesn't mean that pure overseas investors can't apply for loans, but they can apply through FIRB only if they meet certain application conditions! !
2. What materials do overseas income applicants need to provide?
Income proof requirements
Borrowers who use overseas income to apply for loans
All information on valid visa passports and non-blank pages of passports in overseas countries, three-month payroll and three-month bank account employment contracts must include the employer's company name, address, contact information and website. For those who have lived in Australia for more than 18 months, the borrower must provide ATO's tax return. Temporary residents in Australia cannot apply for loans with overseas income.
2. Australian citizens can still apply for loans as usual if their income comes from overseas, but they need to provide stricter income and tax returns/work certificates.
3. Pure overseas investors and Australian permanent and temporary residents living overseas can still apply for loans as usual, but they need to provide stricter work certificates.
national bank
1. Except for some temporary visa holders, other Australian citizens or permanent residents with overseas income can apply for loans as usual, but the loan ratio and details may be limited according to different situations.
2. Pure foreign investors can still apply for loans as usual, with a maximum loan ratio of 70%.
The following are the tips for applying for overseas income loans collected by Bian Xiao:
1. Main application materials to be prepared, house purchase contract for purchasing real estate, and FIRB investment license; Three-month payroll or bank running records of the loan applicant; Bank transfer record or income certificate issued by the employment company of the loan applicant;
2. How to distinguish the formal loan channels? Generally speaking, Australian loans can be made directly through the bank's own loan manager or a loan broker with CRN qualification. Not to mention the bank manager, the staff who work directly in the bank are still very reliable.
But if you find a loan broker, you'd better pay a visit to confirm their work place, company environment and customer reputation. At the same time, when signing a loan contract, you should also carefully check the specific information in the loan contract to ensure that you know all the contract details.
Finally, Bian Xiao believes that no matter how the overseas investment and loan policies change, it is impossible for the Australian government and lending institutions to give up the market as big as overseas investors. Any restriction measures are aimed at evaluating the repayment ability of borrowers with a more cautious attitude, maintaining reasonable lending standards, and thus ensuring the stability of the Australian banking industry. Therefore, don't worry about investing in Australian houses, and don't hesitate when it's time to sell.