As springtime approaches, so too does the first reduction to both the JobKeeper and JobSeeker Payment schemes, meaning many Australians may soon see yet another change to their incomes.
If you are one of the many whose finances have been affected by COVID-19, there’s every chance you’ve reassessed your budget several times over in recent months to ensure your most important outgoings are covered.
Preparing for these ever-changing and often unpredictable times is one step you can take to minimise your risk of experiencing financial strain, though there can still be some unexpected expenses that arise, taking even the most prepared by surprise.
That’s one of the reasons why it may be a good idea to do some research on potential back-up options, such as a personal loan, if the time comes where you need to access a bit of extra cash.
Taking on a personal loan can be a big financial decision that may not be the right choice for everyone, but if it is something you’re considering, it’s important to educate yourself on what the debt and repayments might look like for you over the coming years.
There are a multitude of options available when it comes to personal loans, including products with different rates, loan terms and other features. Consider spending some time comparing your options to find a loan that’s a good fit for you.
To get you started on the right track, RateCity has put together some of the top-rated personal loans found at the end of August 2020, or the beginning of September 2020, depending on how you want to look at it.
(Rankings are correct at the time of publishing. Please note lenders may trade places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.)
Top five rated excellent credit personal loans
For those who might be comfortable in their current financial situation but are looking to make some eco-conscious and potentially cost-cutting changes to their homes, a green personal loan could provide you with the finance you need to get the ball rolling.
Here are some of the top-rated green personal loans you can find right now.
Top five rated green personal loans