Your pay is real. Let's make it easy to see.
Working fly-in fly-out or in the mines can mean good money, but it does not always look tidy on paper. Pay changes with your roster. Allowances, overtime and bonuses can make up a big part of it, and lenders do not all count them the same way.
Richard listens first. He wants to hear how your roster works, what is base pay and what is not, and what you want from your loan. Then he compares lenders who count FIFO income well, so you are not stuck with the first answer you get.
Get in touch and we'll call you back within one business day to find a time that suits.
The short version
Four parts of your pay, treated four ways
Lenders count base pay in full. Overtime, loadings, allowances and bonuses are where they differ, and the same pay can give a different borrowing amount at different lenders.
Lender policies change over time, so Richard checks the current rules for you.
Base salary
Counted in full by lenders.
Regular overtime and shift loadings
Often counted at a lower share at more cautious lenders. Some count more when it is regular and documented.
Site and remote area allowances
Some lenders leave them out. Others count them when they are ongoing and you can show the evidence.
Bonuses
Often averaged over two years and reduced.
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How Lenders Count FIFO and Mining Income: Base Pay, Allowances and Overtime
Lenders don’t all count FIFO and mining pay the same way. How base pay, overtime, allowances and bonuses are treated, and how to make your income count.
What would you like your FIFO loan to achieve?
Tell Richard where you want to land and he will find the lenders who suit your roster and your plans.
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Questions we hear
Straight answers to what FIFO and mining workers ask us most.
It depends on the lender. Base pay is counted in full. Some lenders count regular overtime and loadings at a lower share, and some leave out allowances. Others count more when you can show it is regular. Richard compares lenders so you can see who counts what.
Get the FIFO and Mining Home Loan Checklist
A simple checklist and worksheet to get your roster, pay and documents ready before you talk to a lender.
Send me the checklistWe will email it straight to you.Ready to talk?
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General information only. This page is not personal advice. Lending is subject to each lender's criteria, and approval is never guaranteed. Lender policies and scheme rules change, so check the current rules before you decide.
