Woman studying loans

If you're wondering whether you can get a home loan with part-time employment in Australia, the answer is yes, in most cases. There is a range of lenders in Australia who are willing to consider applications for home loans from part-time workers. Of course, compared to an individual who has a full-time job, trying to get a loan with a part-time job can be much more challenging.

Today, we want to talk about the various things a lender will look at when granting you a loan, along with tips on how to increase your chances of success:

What Lenders Look For

When applying for a home loan with part-time employment, your lender will look at your income and financial situation. They will want to see evidence of your income, such as payslips, bank statements, and tax returns. They may also want to see proof of your employment, such as a contract or letter from your employer.

  1. Credit Rating

Your credit rating is another important factor in the loan application process. Lenders will look at your credit score to determine your creditworthiness and ability to meet the loan repayments. A good credit rating will improve your chances of getting a loan with part-time employment.

  1. Loan Amounts

When it comes to loan amounts, lenders may have a minimum requirement for part-time workers. Generally, lenders will expect you to have a minimum income to cover the loan payments and other living expenses. This amount varies from lender to lender, so make sure to check with your lender before applying.

  1. Loan-To-Value Ratio

In addition, the loan-to-value ratio (LVR) will also be taken into account when assessing a loan application from a part-time worker. The LVR is the amount of the loan compared to the value of the property. A higher LVR means that you'll need to provide a larger deposit or equity in the property.

How Do I Increase My Chances of Getting a Loan with a Part-Time Job in Australia?

Here are some tips for increasing your chances for a loan with a part-time job:

  1. Build Your Credit Score

Your credit score is an important factor in determining your eligibility for a loan. Make sure to pay your bills on time and keep your credit utilisation low. This will help you to establish a good credit history and increase your chances of being approved for a loan.

  1. Increase Your Income

Try to increase your income by taking on additional part-time work. This will help to show lenders that you have a reliable source of income and are able to make regular payments on any loan you take out.

  1. Get a Co-Signer

If you don't have a good enough credit score or income to qualify for a loan on your own, you can ask a family member or friend to co-sign the loan. This will help to increase your chances of being approved since the co-signer's credit and income will be taken into account as well.

  1. Choose a Reputable Lender

It's important to choose a lender with a good reputation. Look for lenders that offer competitive interest rates, flexible repayment terms, and good customer service. This will help to ensure that you get the best loan terms possible.


In conclusion, it is possible to get a home loan with part-time employment in Australia. However, it is important to remember that lenders will assess your financial situation and credit rating before approving the loan. Make sure to conduct your research and compare different lenders to get the best deal. Also, follow the tips we've shared above to increase your chances of success!

Wealthy You is an Australian mortgage company in Sydney offering excellent mortgage solutions to meet any financial need. If you are looking for the best mortgage brokers for your loan needs, reach out to us today!