Boost for home owners: cash rate falls to 3.50%

Boost for home owners: cash rate falls to 3.50%

Reserve Bank lowers cash rate to 2 and-a-half-year low at 3.50%. Spending should receive a boost with $184 per month in pockets of households with a $300,000 variable rate mortgage after 4 rate cuts*. But many borrowers still paying more than they were in 2009 – average standard variable rate is 58 basis points higher than November 2009

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Can I get a $1,500 payday loan with bad credit?

Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.

Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.