Applicant & Employment Policy
Employment type, probation, casual work, self-employment and visa status can all influence lender selection. Understand the common considerations before ruling a client in — or out.
This page provides general guidance about common lender considerations. Individual lender criteria vary and may change without notice. For a current assessment of a particular client, run the scenario with Yes Approved.
Don't assume the client doesn't fit.
These are some of the employment situations we regularly assess across different lender policies.
On Probation
Some lenders can consider applicants who are still within an employment probation period.
Explore probation →Casual Employment
Consistent casual income may be acceptable, with minimum employment periods varying between lenders.
Explore casual employment →New Employment
A recent employer change doesn't necessarily prevent finance, particularly with strong industry continuity.
Explore new employment →Self-Employed
Full financials aren't the only potential pathway for eligible self-employed applicants.
Explore self-employment →Contractors
Contractor income can be assessed differently depending on employment structure and income history.
Explore contractors →Visa Holders
Selected lenders may consider eligible visa holders, subject to visa and loan requirements.
Explore visa applicants →What can lenders consider?
Employment status is rarely considered in isolation. Assessment can involve the client's broader employment, income and credit position.
Employment stability
Depending on the lender and product, consideration may be given to:
- Time with the current employer
- Previous employment history
- Industry continuity
- Employment type
- Probation status
- Consistency of hours and earnings
Overall application
The wider application may also influence the lender's assessment.
- Income stability
- Credit profile
- Existing commitments
- Loan amount and structure
- Asset being financed
- Supporting documentation
Applicant scenarios at a glance
A starting point for conversations with clients before submitting a scenario for assessment.
Don't automatically rule a client out because they're casual, on probation, recently changed jobs, self-employed or hold a temporary visa. Different lenders can approach the same employment scenario differently.
We'll help you work out where it fits.
Send us the client's circumstances and our team can review the scenario against available lender options and current policy.
Important information
Information contained in the Yes Approved Partner Policy Centre is general information only and is intended to assist referral partners in understanding common lending considerations and potential finance pathways.
It does not represent a complete statement of any lender's credit policy and should not be relied upon as confirmation that a particular applicant, asset, transaction or loan structure will qualify for finance.
Lender policies, credit criteria, rates, fees, product availability, documentation requirements and assessment processes are subject to change without notice. Lending criteria can also vary according to the applicant's individual circumstances, credit profile, loan purpose, asset, transaction structure and other factors.
All finance applications remain subject to lender eligibility requirements, credit assessment, verification, applicable responsible lending requirements and final lender approval.
Yes Approved does not guarantee that finance will be available or that an application will be approved based on information contained within the Partner Policy Centre.