Minimum Credit Score for Home Loans in Australia
Minimum Credit Score for Home Loans in Australia Applying for a home loan in Australia? Your credit score could make or break your chances. In 2025, lenders are paying even more attention to your financial profile. Let’s explore what credit score you need — and how to boost it. What Is a Credit Score? In Australia, credit scores range from 0 to 1,200 depending on the credit reporting agency (Equifax, Experian, illion). A higher score means lower risk for lenders. Minimum Credit Score for Different Lenders Lender Type Minimum Score Notes Major Banks (e.g., CBA, NAB) 650+ Prefer stable income & history Online Lenders 500–600 More flexible but higher interest Non-Conforming Lenders Below 500 For poor credit, expect higher fees How to Improve Your Credit Before Applying Pay down existing debts Make bill payments on time Don’t apply for new credit months before applying for the mortg...