Learn More About Loans Based On Income Not Credit
In Australia, Pay As You Earn (PAYG) refers to loans that are based on income and not on credit.
This type of loan scheme is designed for students who can take advantage of financial products that are based on their income and not on a fixed amount.
PAYG Loans
PAYG is mainly beneficial for individuals who have significant student loans but are still not earning enough income to make regular repayments.
The repayment for this loan is based on the income of the borrower.
If you have outstanding student loans and you need assistance in debt repayment, FutureWise can help you navigate the process.
Our loan specialists can also connect you with our network of lenders especially if you need to consolidate debt or if you are self-employed.
PAYG Loan is considered a niche loan and very few lenders in Australia provide financial products that are tied up in this scheme.
