Borrowers spared interest rate rise

Borrowers spared interest rate rise

• Reserve Bank keeps the official cash rate at 4.75%
Good news for many homeowners close to “mortgage stress” threshold. RateCity warns borrowers to start preparing for rising rates.

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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.