Does your ever-growing bucket list include things like trekking the Himalayas or renovating the kitchen, but gets pushed into the too-hard basket from lack of spare cash? Well, you might be surprised to learn luxuries like these can actually bring you wealth, all with a little help from a personal loan.
Like other types of loans, many personal loans offer fixed term borrowing options to help you manage your debt. Fixed term borrowing options for personal loans can be used to consolidate debts from high interest credit cards
If you're battling an escalating credit card bill, a personal loan could provide a low cost solution. A low-interest balance transfer may sound like an appealing option but a personal loan could provide bigger savings on interest.
Personal loans are on the rise, as Australia's economy steadies toward a full recovery. However, major banks are the ones enjoying the fruits of consumer confidence, while the rest are left with more to desire.
Savvy borrowers thinking about using current low interest rates to shop for a new loan or refinance old debts will need to do their homework to find the best personal loan deals.Personal loans still remain a cheaper option than many credit cards. The potential to lock in an unsecured loan at a fixed rate can also be attractive, so how do you make sure you find the best personal loan for your needs?
What to do when the bills, credit cards, personal loans get in the way of your relationship - a Valentine’s Day guide to financial and relationship bliss. You love the same music and movies, share the same tastes in furniture, art and food. You even discuss politics and religion peacefully. But what about your attitudes to money?
Used cars can be a financial blessing or a beast of burden if a personal loan is taken out for a dodgy deal. But insurance companies like the National Roads and Motorists’ Authority (NRMA) and the Royal Automobile Club Queensland (RACQ) report that a second-hand car is not a problem, so long as you know what you’re looking for.
Taking out a personal loan can be an effective way to fund important purchases, or consolidate debt. Unlike a credit card, most personal loans require regular, equal repayments. This can provide the forced discipline many people need to pay down their debt in a set timeframe.
When a bank lends out money, it prefers to hold collateral to ensure repayment. This is why they will offer a lower rate if you choose to secure your personal loan with property such as a car.
Even though a secured personal loan offers a cheaper interest rate, not everyone may qualify for it. This is because people, such as students, may not have large assets that they can attach to the loan.
Comparing personal loans is the first step towards finding the perfect low rate loan for you. Get started by searching and applying for some of the best personal loans in the market right here.
Personal loans can be used for practically any legal function such as paying for tuition fees, debt consolidation, a holiday, a boat, kitchen renovations and even a car. Each lender has their own specific criteria, but as a general rule - if it's legal, you can find a loan for it!
A personal loan is a loan from the bank that can be taken out for any number of reasons - paying for an upcoming holiday, buying a new car, or even to cover education fees; it is simply for ’personal’ use.
^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.