Reserve Bank of Australia lifts the official cash rate by 25 basis points to 4.75%. Average household will pay $46 more in monthly repayments if cash rate rise passed on.
Lenders set to make extra $99M per month from rate rise
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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.