More borrowers taking fixed rates, but caution urged while variable rates dropping

More borrowers taking fixed rates, but caution urged while variable rates dropping

3-year fixed home loan rates now at lowest absolute levels in three years. New ABS data shows highest number of fixed home loans written since May 2008. Borrowers need to focus on the gap with variable: could be $1,600 worse off by fixing if variable rates fall further!

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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.