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Relevant Personal Loans articles and tips

Mark Bristow

Personal Finance Editor

Can I get a personal loan to pay for my wedding?

It’s no secret that tying the knot can be an expensive proposition, with the W-word often being associated with higher than typical prices for many products and services. While you might be wedded to getting a personal loan to pay for it, it’s important to be aware of the risks involved before saying I Do to a bank or lender.

Personal Loans

15 Mar, 2024

5 min read

Can I get a personal loan to pay for my wedding?
Mark Bristow

Personal Finance Editor

Can you use a personal loan for tax debt?

Many banks won’t allow borrowers to use a personal loan to pay tax debts. However, it may be possible to get a loan to help cover your other expenses while you concentrate on repaying what you owe to the Australian Taxation Office (ATO).

Personal Loans

21 Dec, 2023

3 min read

Can you use a personal loan for tax debt?
Alex Ritchie

Personal Finance Editor

Credit card vs personal loan: which is better?

Choosing between a personal loan and a credit card can be a tough financial decision. Let’s explore whether a credit card or a personal loan may be better for your specific financial goals. 

Personal Loans

13 Dec, 2023

4 min read

Credit card vs personal loan: which is better?
Mark Bristow

Personal Finance Editor

Can you refinance a personal loan? Here's how

It is possible to refinance a personal loan, provided you can afford the repayments. Refinancing a personal loan is a lot like initially applying for a personal loan, with a few key differences.

Personal Loans

23 Nov, 2023

3 min read

Can you refinance a personal loan? Here's how
Mark Bristow

Personal Finance Editor

What is a secured and unsecured loan?

A personal loan is a simple way to borrow money to pay for a major purchase, or to cover the costs of a personal project. When you apply for a personal loan, you may be able to choose between a secured loan and an unsecured loan. A secured personal loan uses an asset, such as a car, as security. In contrast, an unsecured personal loan doesn’t require any collateral or assets to secure it.

Personal Loans

02 Nov, 2023

4 min read

What is a secured and unsecured loan?
Peter Terlato

Personal Finance Editor

Can you get a business loan without any assets?

A business loan is designed to finance specific business-related requirements and is often secured by assets, such as property. However, it is possible to obtain an unsecured business loan, though there may be certain limitations and requirements.

Personal Loans

23 Oct, 2023

6 min read

Can you get a business loan without any assets?
Mark Bristow

Personal Finance Editor

How to apply for a personal loan

If you need money for a personal project like a renovation, an event like a wedding or a holiday, or a major purchase like a car, you may be in the market for a personal loan. But before you start firing off applications, it’s important to get an idea of what to look for in a personal loan, and how the application process works.

Personal Loans

16 Oct, 2023

7 min read

How to apply for a personal loan
Alex Ritchie

Personal Finance Editor

Will my personal loan repayments drop with a new interest rate?

Your personal loan repayments will drop with a new, lower interest rate. However, you will typically need to negotiate or refinance for a lower interest rate, as a personal loan rate may not fluctuate with the RBA's cash rate. 

Personal Loans

18 Sep, 2023

5 min read

Will my personal loan repayments drop with a new interest rate?
Alex Ritchie

Personal Finance Editor

Can you apply for a personal loan on behalf of someone else?

The simple fact is that no, in Australia you generally cannot apply for a personal loan on behalf of someone else. However, there are alternative options you could consider. 

Personal Loans

14 Sep, 2023

4 min read

Can you apply for a personal loan on behalf of someone else?
Mark Bristow

Personal Finance Editor

Is it good to apply for a personal loan online?

Personal loans are available from retail banks and mutual banks, but also from specialised online-only lenders. Because these lenders often have lower ongoing costs, they may be able to offer more competitive personal loans than their big bank rivals. It’s still essential to compare personal loans before you apply, to make sure you’re making the best choice to suit your needs.

Personal Loans

14 Sep, 2023

4 min read

Is it good to apply for a personal loan online?
Peter Terlato

Personal Finance Editor

Can I take out a personal loan after getting a home loan?

After successfully securing a home loan and purchasing a property, it’s not uncommon for mortgage holders to be strapped for cash. You might consider taking out a personal loan to help pay for renovations costs, buy new furniture, or simply to cover necessary everyday expenses.

Personal Loans

20 Jun, 2023

4 min read

Can I take out a personal loan after getting a home loan?
Alex Ritchie

Personal Finance Editor

What is a promissory note and how does it differ from a personal loan?

A promissory note can be defined as a document that contains a promise to pay a sum of money, essentially a more formal ‘IOU’. But how does it differ from a traditional personal loan?

Personal Loans

20 Feb, 2023

4 min read

What is a promissory note and how does it differ from a personal loan?

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product data updated on

Product data updated on 21 May 2024