Reserve Bank increased cash rate by 25 basis points to 4.25%. Benchmark standard variable rate to reach 7.38% this week. Plenty of competition in the market to compare and get a better deal.
Borrowers likely to be hit with rate rise
Did you find this helpful? Why not share this article?
Money Health Newsletter
Subscribe for news, tips and expert opinions to help you make smarter financial decisions
By signing up, you agree to the ratecity.com.au Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy
Learn more about nonspecific
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.