Personal Loans News

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.

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.

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.

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.

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.

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.

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.

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.

RateSetter leading the way for personal loans

Interest rates for personal loans listed on RateCity range from as low as 3.57 per cent to as high as 48.00 per cent, with the average rate being 11.89 per cent.

Personal loan and credit card customers get $1.1m refund

Hallmark General Insurance Company, trading as Latitude Insurance, will provide refunds of approximately $1.1 million to 905 customers.

Personal lending falls 3.2% over the year

New limits for payday loans and consumer leases

The federal government is drafting legislation designed to help protect vulnerable Australians from being stung by payday loans, consumer leases, and similar small credit products.