One hundred thousand no and low interest rate personal loans will be provided to low income Australians by NAB.
It was a tough financial year for Australia’s debtors, with the number of personal insolvencies around the country growing over 2017-18 to reach the highest figure in nearly a decade.
Endeavour Mutual Bank is offering a personal loan from as low as 4.24 per cent - but there’s a catch.
The Australian Securities & Investments Commission (ASIC) has commenced work with representatives from the banking industry on reforming Consumer Credit Insurance (CCI) in Australia.
A financial services director has been banned from engaging in credit activities for three years after being found guilty of running an unlicensed payday lending business.
Bankruptcies, debt agreements and personal insolvency agreements all rose in the final quarter of 2017, according to new data.
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