The requirements for Foreigner Loan
The conditions you must satisfy to be eligible for the loan are:
You must have a valid passport as a proof of your legitimate residency.
Your work permit must be valid too.
Your payslip for the past three months must be presented.
Don’t forget to include your letter of employment: it is a proof of your employment status.
Your tenancy agreement that serves as the proof of your residence should be included with your application.
You also need to present your bank statement. This is also as a proof of your salary. Without meeting the minimum annual income, your eligibility is under question.
There is also an age limit: you must be above 18 years and shouldn’t be above 65 years old.
These are just the criteria for foreigners who urgently need to take care of one or two financial obligations without the means to do so. If you are qualified for the loan, it is readily available for you at any time.
There are some accrued benefits from taking a Foreigner Loan as discussed below.