Personal Loans News

The latest personal loans news and tips

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Personal loan values falling but debt consolidation loans rising

Alex Ritchie
Jan 21, 2019( 2 min read )

Personal loan rates and fees trending upwards

Personal loan interest rates have climbed over the past year, although it’s still possible to get loans for under 6 per cent.

Nick Bendel
Jan 13, 2019( 2 min read )

Big banks pricing personal loans much higher than smaller rivals

A range of customer-owned institutions are significantly undercutting the big four banks, according to a new analysis of personal loan interest rates.

Nick Bendel
Nov 25, 2018( 2 min read )

We’re getting better at managing money, stats show

Australians are taking out fewer personal loans and suffering fewer bankruptcies, new data has revealed.

Nick Bendel
Oct 20, 2018( 2 min read )

Coles moves in to personal loans

Coles Financial Services is now offering personal loans, on top of its existing offering of insurance, credit cards and prepaid cards.

Nick Bendel
Sep 14, 2018( 2 min read )

A bad year for bankruptcies

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.

Mark Bristow
Jul 19, 2018( 3 min read )

Millennials may have debt; but they’re smart about paying it off

New research from ING shows that while millennials have an inclination towards accumulating debt, they’re more serious about paying it off than many would believe.

Alex Ritchie
Jul 16, 2018( 2 min read )

Credit unions lead the way for low interest rates

A diverse range of small lenders are undercutting the big banks and offering some of the lowest-rate personal loans in Australia.

Nick Bendel
Jul 8, 2018( 2 min read )

Debt management firms ‘can leave people in a worse financial situation’

Australia’s financial services regulator has warned consumers to be wary of companies that claim they can fix poor credit ratings.

Nick Bendel
Jun 8, 2018( 2 min read )

Court penalises home appliances business for leasing breaches

The Federal Court of Australia has ordered a $2 million penalty against Thorn Australia Pty Ltd's Radio Rentals for contravening its responsible lending obligations.

Nick Bendel
May 17, 2018( 2 min read )

Small business roundtable asks how to make loan comparisons easier

A recent roundtable hosted by the Reserve Bank of Australia (RBA) looked at issues facing Australia’s small businesses, including challenges such as comparing and switching business financing products across different lenders.

Mark Bristow
Apr 21, 2018( 2 min read )

Small lenders offering some of the cheapest personal loans

Endeavour Mutual Bank is offering a personal loan from as low as 4.24 per cent - but there’s a catch.

Nick Bendel
Mar 24, 2018( 2 min read )

New loan program for ‘financially excluded’ small business entrepreneurs

Small business entrepreneurs now have the opportunity to be financially supported and mentored by NAB and their approved partner organisations, through their re-invigorated Microenterprise Loan program.

Alex Ritchie
Feb 2, 2018( 2 min read )

More Australians falling victim to debt

Bankruptcies, debt agreements and personal insolvency agreements all rose in the final quarter of 2017, according to new data.

Nick Bendel
Jan 31, 2018( 1 min read )

RateSetter leading the way for personal loans

Nick Bendel
Jan 16, 2018( 2 min read )

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