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 thanĀ 550
  • 3 months of bank statements.