LOANS

In our recent survey, almost half of you reported that you had difficulty accessing loan products due to currently or previously having been a temp.

While it's absolutely true that employment stability ranks high on the list of the bank's requirements. it is possible to secure a loan even when you are a temp or contractor.

CTEAA have researched the market and found several providers who really understand the predicament of casual and temporary workers and who have access to loan solutions customised to suit.

These providers work with banks who understand temporary employment.  They know that temps are often highly valuable employees with great incomes and solid work prospects.  They understand that sometimes work may drop off, but during these times they allow you to take advantage of special solutions, such as putting your repayments on hold or dropping back to interest only repayments.

Our recommended brokers for temp and contractor home loans are Home Loan Experts and Loan Market.  You might also like to consider borrowing directly from Intech Credit Union who are the credit union for the ICT sector, where contracting and temping is a common form of employment.