Personal Loans News

The latest personal loans news and tips

Latest News

Personal loan values falling but debt consolidation loans rising

The number of personal finance commitments fell from October 2018 to November 2018, according to the latest figures from the Australian Bureau of Statistics.


Alex Ritchie

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

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

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

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

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

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

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

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

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

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

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

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

Alex Ritchie

Feb 2, 2018( 2 min read )

^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.

Compare your product with the big 4 banks, or add more products to compare
As seen on