Latest News

TIPS For Getting Your Loan Approved

Before you apply for a personal loan, there are a few things you can do to improve your likelihood of getting approval on the funds you need.

There can be many reasons why you might want to take out a personal loan. Perhaps you would like to buy a new cell phone, buy a ticket for a holiday, or you are getting married. Whatever the reason, a personal loan can be a great way to help you achieve your dreams sooner. Below are a few tips you can do to improve your likelihood of getting the funds you need approved.  

1. Make sure you meet the criteria

No matter which of our personal loans you are applying for, you need to:

  • Be at least 18 years old
  • Hold Australian or New Zealand citizenship, or Australian permanent residency, or an eligible visa
  • Live in Australia
  • Be employed or receive regular income
  • Have a good Credit File

2. Apply for the right amount

Loans are meant to help you out in the short term, not leave you with long-term debt. Our Loan calculator can give you an idea of how much you might be able to borrow given your income and lifestyle. If your income is not enough to support the required repayments on the amount you are applying for, we will not be able to approve your loan.

If things are not lining up, think about reducing the loan amount to reduce the impact of the loan repayments on your current cash flow. If you would like to talk to us about your options you can visit our web and contact us on the tab menu or by email at

3. Build and maintain a good account repayment history

If you ever get a loan at SpotMeNow, take care of your account by making payments on time. This will improve the possibility of getting approved on future loans. The account that you create will certainly be recorded in your borrowing history therefore a good payment history gives us comfort in your repayment ability.

Ready to apply your first loan? If you are ready, you can apply for at any time by clicking Apply now. The important thing is there are no hidden fees, we share the total cost upfront via our Costs & Fees.

Leave a Reply

Your email address will not be published. Required fields are marked *