Households all over Australia could be financially impacted by floods. RateCity explains financial options for those impacted. What our major banks and financial institutions are doing to help you
What to do if you're impacted by floods
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.
Rate update: who has moved
All four of the big banks have announced they will cut variable home loan rates, withholding around half of yesterday’s 25 basis point RBA cut.
Banks rake in $4.33 billion in avoidable fees
Australians forked out $4.33 billion in bank fees last year; cash that they could be keeping in their own pockets.
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.