What is a personal loan and why might you decide to get one?
A personal loan is credit you borrow to pay for something when you don’t have the money upfront to pay for an expense in full.
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How a poor credit score can hurt your personal loan application
As the end of financial year approaches, money matters are top of mind. Personal budgets might be tightening, spending habits are in focus and borrowing money is surely a consideration for some households.
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Fewer renos but for those redoing the bathroom? Personal loans give options
Recent data tells us that home renovations are down in Australia over March and April (as per the Australian Bureau of Statistics), which is hardly surprising given costs of just about everything are up.
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More Aussie homeowners are renovating: 6 ways to finance your reno
Interest rates have climbed over the last 12 months and Aussie homeowners have felt the pinch.
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Aussies say yes to green loans with Bendigo Bank seeing a 600% increase in demand
Wondering if Australians are taking eco-friendly finance seriously? Wonder no more - reporting from Bendigo and Adelaide Bank shows that demand for green loans has increased by more than 600% from one year ago.
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How do interest rate hikes affect personal loans?
Since May of 2022, the Reserve Bank of Australia has lifted the cash rate twelve times. While there hasn’t been a rate hike since June 2023, an increase is predicted at November’s meeting.
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Aussie credit scores stayed strong in 2022 in spite of growing economic pressures
Despite the rising cost of living and interest rates continuing to climb, new data from leading credit bureau Experian says that Australia’s credit scores actually increased over 2022.
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Commonwealth Bank adds new green loans for environmentally friendly finance - how do they compare?
Commonwealth Bank has entered the green finance game with their new discounted personal loans for sustainable spending.
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Construction costs are rising at record rates - could a home renovation loan help you?
New reporting from Corelogic’s Cordell Construction Cost Index (CCCI) indicates a record rate of growth in home construction costs in the year to September 2022. If you’ve been looking to make some changes to your home, you could be in for a nasty shock.
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Household budgets are shrinking but personal loans are on the rise
The latest reports from Commonwealth Bank reveal that household spending is declining month on month, with Aussies starting to feel the impact of rate rises on their everyday budgets. This could be one of the many reasons we’re seeing an increase in personal loan commitments, with a 9.5% increase seen in the most recent statistics from the Australian Bureau of Statistics (ABS).
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