Lenders have increased rates higher than cash rate since September 2009. Australians warned to compare rates despite no movement from Reserve Bank.
RateCity warns, compare your rates!
RBA set to continue rate holding pattern
The cash rate is set to hold at 1.50 per cent when the Reserve Bank Board meets on Tuesday, despite a volatile Australian dollar, sluggish mining transition and mounting global pressures to cut.
Fixed rate war is waged as cash rate remains steady
The RBA has left the cash rate steady at 1.75 per cent at today’s board meeting, but banks have taken matters into their own hands cutting to close to 200 home loan rates in the past month.
Cash rate holds at 1.5%, yet mortgage stress on the rise
The RBA has left the cash rate on hold at the historical low of 1.5 per cent today. Yet, new research shows that the financial pressures of paying off a home loan are increasing.
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.