How long do you need to be in your job for approval?

If you’re in a full-time or part-time permanent position, and you’ve been in that industry for a number of years, you’ll only need one payslip. You may only need to be there a fortnight or a month before you get that first pay slip, and then you can apply for a loan.

If you’re in a full-time or permanent position in a role or an industry that’s new to you, and you don’t have that previous experience, you’ll usually need to be in there for three to six months.

If you’re in a casual position, most banks will want to see you in that position for three to six months, in order to see consistency.

If you’re self-employed, two years is the minimum that banks will want to see you in that role.