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Loan
Eligibility

Thinking about taking out a loan with Salt & Lime? Confirm your car loan, personal loan and debt consolidation loan eligibility today!

are you eligible?

Fast and flexible personal loans for every borrower

  • You're over 18 years of age
  • You have online banking set up
  • You're contactable via phone and email
  • ​You're an Australian Citizen or Permanent Resident
  • You have regular income for at least 3 months and can provide pay slips
  • You own a vehicle for security against the loan

At Salt & Lime, we make it our mission to help borrowers meet their financial needs every single day. We believe that everyone deserves access to high-quality personal loan services.

 

To ensure that our personal loans are helpful rather than harmful, Salt & Lime maintains certain standards for loan eligibility that help borrowers escape an endless cycle of debt. No matter who you are, trust that our professionals have your best needs in mind.

 

We’ve kept our rates transparent and easy to understand, so you’re never out of the loop about the product you’re applying for. With Salt & Lime, what you see is what you get. Depending on what loan you’re after, we offer flexible loan terms from one to seven years, allowing you to borrow up to $75,000. 

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To keep things simple, we’ve kept our eligibility requirements the same across our suite of personal loan solutions. Whether you’re checking your eligibility for a debt consolidation loan, a car loan or a personal loan, rest assured you’ll be able to gauge the likelihood of approval.

The many benefits of taking out a personal loan with Salt & Lime

There are many reasons why Australian borrowers choose Salt & Lime as their lender. We believe everyone deserves access to fast and secure funding, regardless of their financial past. Salt & Lime issues personal loans for borrowers with all kinds of credit histories, from good to bad. 

 

Whether you’re interested in a personal loan, car loan or debt consolidation loan, here are some of the benefits you can look forward to:

 

  • Debt consolidation loans can reduce monthly bills. Not only can this save more money in the long run, but short term loans lasting 5 years or less could help you reach debt-free goals faster than ever.

  • Many debt consolidation loans reduce your overall interest and tax burdens, allowing you to save more money every month.

  • Loans with smaller term lengths (5 years or less) allow you to become debt-free in less time.

  • Personal loans from Salt & Lime allow you to receive rate discounts with the completion of financial wellness modules.

  • Fast turnaround. Once approved, you could have the funds deposited into your account within 24 hours. 

  • Option to have loan payments collected directly from your employer.

  • No early repayment penalties or ongoing fees.

Know where you stand with your loan application

While we have our loan eligibility criteria, we encourage all borrowers to consider their own personal eligibility before applying. Our loans are designed to help you reach your financial goals. For instance, consolidating your debt should allow you to regain control of your finances, helping you achieve financial freedom.

 

Before checking your personal, car or debt consolidation eligibility, ask yourself:

 

  • Am I borrowing too much? Double-check the amount you need to borrow, to ensure you don’t bite off more than you can chew.

  • Could you pay off your loan within 5 years or less? Salt & Lime offers personal loan terms for up to five years. You must ensure your budget will be able to handle regular repayments.

  • If you are taking out a debt consolidation loan, would consolidating your debt provide you with substantial interest rate savings? Your next lending opportunity should be a blessing rather than a burden to your budget.

Understanding your loan eligibility

Personal loan eligibility at Salt & Lime is designed to be accessible and informative. Australian citizens and permanent residents can apply for a debt consolidation loan if they meet the following requirements.

 

  • Employment — Any Australian citizens with a pay-as-you-go (PAYG) job or salaried position is welcome to submit an application. Length of employment is not necessarily a deciding factor in eligibility.

  • Age — You must be over 18 to apply for a personal, car or debt consolidation loan. Some proof of age, including a licence, may be required.

  • Credit history — Anyone can apply for a personal loan from Salt & Lime. Even with bad credit, you may still be eligible for a personal, car or debt consolidation loan.

  • Recent bank statements — Our office staff will request some documentation related to your recent bank statements. Simply attach and submit your information along with your online application form. 

 

Checking your personal loan eligibility and applying for a loan is fast and easy — simply submit all requested information to Salt & Lime’s online portal, then wait to hear back from our staff within one business day. We may request additional information at this time and will provide all the information necessary to take the next steps.

Check your loan eligibility with Salt & Lime

Great lending, great people and great customer service — it’s the perfect combination of outcomes that Salt & Lime strives to uphold. Whether you’re looking to lower your monthly rates or regain control of your finances, our team of experts is ready to help. 

 

  • Our range of personal loans has no fees, making it easier to gauge your monthly payments.

  • Pay off your loan as quickly as possible, with zero penalties for early repayment.

  • Quarterly quizzes allow borrowers to reduce their rates up to four times per year and spend less while learning more. 

 

With Salt & Lime, loans with great rates and zero fees are right around the corner.


Get in touch with Salt & Lime today to check your eligibility for a used car loan, debt consolidation loan or personal loan. You can submit an online contact form to receive an answer to your loan questions as soon as possible.

  • What is personal financial wellbeing?
    Personal finance wellbeing has many definitions, as financial wellness and freedom look different to everyone. For some, personal financial wellbeing means attaining financial security at a young age and being able to retire early. For others, financial wellbeing means paying off debt so they can access greater financial opportunities or developing positive money management skills they’ll put into practice for years to come.
  • How do you ensure financial wellbeing?
    You can ensure financial wellbeing by taking a 360-degree approach to your finances. This means setting up your finances in a way where every aspect of your financial ecosystem is taken care of, from implementing a realistic budget that allows you to live comfortably to investing wisely for long-term growth. It’s also important to regularly review your budget and financial routine to ensure it is still working for you and your lifestyle. Financial freedom isn’t about working within unrealistic restraints — it’s about finding the balance between living the life you love and working towards the life you want.
  • Why is money important for overall wellbeing?
    Like it or not, money plays a massive role in our overall wellbeing. When not managed properly, money can be a big stressor that can leak into other areas of our lives. Having control and knowledge over where and when your money is going puts us in a position of empowerment where we make smarter decisions regarding our finances, from investments to budgets.
  • What are three ways to be financially responsible?
    You can become more financially responsible in three core ways: regularly saving, working within a budget and debt prioritisation. Take the time to create a detailed budget to track income and expenses, ensuring financial priorities, such as bills and living expenses, are met before delegating a portion of your salary to savings for emergencies and future goals. You can also start minimising your debt levels by slowly chipping away with monthly repayments.
  • What are your fees, penalties, and interest rates?
    We have zero fees, and no penalties if you would like to increase your repayment amount, or repay your loan early. Our interest rates start at 20.50% (APR 19.46%) across all loan types. Your final interest rate will be personalised, and dependent on several different factors, including information contained in your credit report and bank statements. All interest rates are fixed for the life of your loan, and will reduce as you complete your financial education modules.
  • Where can I see my current loan balance?
    You can see your account balance once you log in to your Salt & Lime hub. Please note, it may take a few days for repayments to be processed and reflected in your remaining balance.
  • Can I get discounts on my loan?
    Absolutely - in fact, we encourage it! Throughout the duration of your loan, we will send you 12 financial modules to complete. Each module is quick and informative - and can be done and submitted in under 5 minutes. The modules will aim to deepen your knowledge of financial products, how to manage your income and expenses, and many other key topics. After completing each module, an interest rate discount will be applied to your loan. Most modules will earn you a 0.25% discount, while the first two modules are worth a whopping 1% together in interest discounts. With 12 modules to complete, you could be saving hundreds of dollars over the life of your loan!
  • Can I make additional repayments?
    Absolutely! Our aim is to support you to be debt-free, and sooner. You can pay more off your loan at any time, and it won't cost you anything in fees or penalties. You can even pay off your entire loan at once - we charge you no 'exit' or 'early repayment' fees. If you are a current customer, please contact us via any of the methods below in order to make additional repayments. Phone: 1300 702 202 Email: customercare@saltandlime.com.au
  • How can I change my repayment frequency?
    If you'd like to change the repayment frequency of your loan, please get in touch with our team and we'll get things sorted. You can opt for either weekly, fortnightly or monthly repayments. You can contact us via any of the following methods; Website: Chat, or Contact Us form Phone: 1300 702 202 Email: CustomerCare@saltandlime.com.au
  • How do I close my loan account with Salt & Lime?
    Once you make your final repayment (and if you have no balloon payment) there’s nothing more you need to do! When the payment has been received at our end, we close up the account, remove your security interest, and send you your letter of loan closure. Similarly, if you want to pay out your Salt & Lime loan early, please get in touch with us and we'll send you a payout letter with the total remaining amount owing. Remember, there are no penalties if you'd like to pay your loan back early!
  • What can I do if I'm behind on my repayments?
    We understand that sometimes life happens, and this can result in a missed payment. If this occurs - we're here to support. Please contact us to discuss as soon as possible via the below. Our experienced team will help by offering a solution tailored to your needs. Phone: 1300 702 202 (Option 4)
  • My circumstances have changed and I'm in financial hardship, what can I do?
    Experiencing financial hardship can be a very difficult time for many individuals and families. When life throws curveballs, we're here to support every step of the way. If you feel you may be experiencing hardship, please reach out to us via any of the following methods; Phone: 1300 202 702 (Option 2) Online: https://www.saltandlime.com.au/financial-hardship
  • How can I make a complaint to Salt & Lime?
    We hope you are delighted with our services, but if you have a complaint, please notify us by contacting us via either of the below channels; Phone: 1300 702 202 Email: complaints@saltandlime.com.au ​ At Salt&Lime, we commit to take responsibility to work with you to resolve your questions and complaints at your first point of contact with us. If you would like to read more, please see our Complaints Policy page.
  • How can I contact Salt & Lime?
    Any questions? We'd love to hear from you! You can contact us by any one of the following methods: Phone: 1300 702 202 Email: customercare@saltandlime.com.au Website: https://www.saltandlime.com.au/contact-us Please note that we are open during business hours: Monday - Friday, 9:00am - 5:00pm. If you contact us over the weekend or a public holiday, we will make it a priority to respond to your query the following business day.
  • How do the modules work?
    We'll send you 12 modules to complete, approximately every 3 months. Upon completion of these modules, you will unlock interest rate discounts which total up to 3.5% off your loan (Applicable to S&L customers with a loan)
  • How long do the modules take to complete?
    Each module takes just 5-7 minutes to complete. Whether you're a loan customer, or you've just signed up for fun - it'll be less than 10 minutes per day to kick start your financial wellbeing journey.
  • What are the modules about?
    The modules are designed to take you on a journey of financial wellbeing, guiding you out of debt. The content ranges from understanding your loan, understanding credit score, right through to savings and ongoing financial management strategies.
  • What's the point of the modules?
    The goal is to support paying down debt quickly, living debt-free, and promote financial independence for every Australian in a debt cycle. Your financial wellbeing is our priority (that's why we'll also give you discounts as an incentive!).
  • How can I get help with my modules?
    If you have any direct feedback on the modules or want to continue your module journey log into the financial wellbeing hub! Did you know, that even if you are not a customer you are welcome to join our financial wellbeing journey for free? Simply sign up here: If you have any further queries or would like further information? We're here to help! Please don't hesitate to contact us via the details below. We're available Monday - Friday, 9am - 5pm. Phone: 1300 702 202 Email: customercare@saltandlime.com.au Chat: Located at the bottom right of our webpage
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