Borrowers warned: watch out for new lending tactics after RBA keeps cash rate at 3.50%

Reserve Bank keeps the official cash rate at 3.50% . Variable borrowers will have extra $103 per month* in pockets for a $300,000 home loan after 2 rate cuts. Borrowers watch out: lenders tempting borrowers to absorb their savings instead of accelerating repayments.

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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.