Personal loan news and advice

Are you thinking about doing some much-needed home renovation? It’s an exciting process, but one that you need to prepare for.

Online lender SocityOne has announced an increased capacity of its newest loan products, which means it can offer customers larger loans. Now customers can access a loan amount up to $70,000.

As vaccination rates around the country continue to grow, various states are looking down the barrel of freedom… and it’s time to get ready for it.

With news of Australian borders soon opening for international travel, you might be looking at how to fund your next trip. With so many possibilities after more than a year of no international travel, it’s easy to get caught up in dream destinations and plans.

As we begin to reach the tail-end of the year, it’s now time to dive into our October 2021 personal loans market update.

Spring has well and truly sprung. And while this may have you turning your attention to dusting off drawers, clearing out your winter wardrobe or tending to the garden, now could be the time to spring clean your finances as well!  And what’s a big part of many Aussies’ personal finances? Loan and credit card debt. So we’ve spoken to the experts. Combining the knowledge of Mozo’s banking expert Peter Marshall, Athena’s chief marketing officer Natalie Dinsdale, Nano Digital Home Loans’ chief executive officer Andrew Walker and Alex’s chief financial and product officer Craig Fenwick, here are three top tips on helping you pay down your debt this spring!  

Feel like your multiple debts have gotten a bit messy lately? Well, it could be time for a spring clean! Managing multiple debts can be tricky, from making car or personal loan repayments to paying off your credit card. But that’s where a debt consolidation loan can make life a little easier (and likely cheaper!). But are debt consolidation loans really that popular? To put it simply, yes they are. According to online personal loan lender SocietyOne, about half (50%) of their loans taken out each month are for debt consolidation, with the average loan sitting at around $20,000. SocietyOne’s chief marketing officer, Nicole Avery breaks down how it all works.

With Spring finally here, it’s now time for our September 2021 personal loans market update.

While spending can be fun, paying off personal debt isn’t. But the truth is, the longer you leave your debt unpaid the worse it gets for you. Not only will you fork out more in interest repayments, it can have negative impacts on your credit rating, which will dampen your chances of borrowing or receiving a good rate later on. So whether you’ve racked up too much on your credit card or have multiple debts you can’t control, now's the time to crush it and finally say ‘Adios!’. From debt consolidation loans to 0% balance transfer offers, we’ve rounded up some options that may help you clear your existing personal debt.

Everyone knows that when applying for a personal loan, having a good credit score can give you an advantage. But just how much of an advantage does a good credit history provide?