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Who qualifies for a Banjo loan?

Banjo approves borrowers and allocates them to investors on the platform for funding based on our strict credit criteria. Borrowers must generally meet the following criteria:

• Registered Australian business or Australian citizen or permanent resident
• The business must be at least 2 years old and have minimum annual turnover of $500,000
• Directors must have a credit record with a Veda Score greater than 550
• 3 months of bank statements.