Exit fees for new mortgages banned from July 1, 2011. Non bank lenders to be backed by Federal Government. Fact sheets for lending products and how to shop around for a better deal.
RateCity welcomes banking reforms but more can be done
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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.