APRA reveals 13 super funds that failed its performance test

APRA has assessed the returns generated by superannuation funds over the past seven years, as well as their fees, and listed those that do not meet its objective benchmark. APRA has revealed that 13 super funds of 76 tested have failed its assessment.

ING announces it will pay customer bills up to $100 a year

ING will help its Orange Everyday customers by providing 1% cashback on their gas, water, and electricity bills. The offer will be effective from 1 December 2021, capped at $100 per financial year.

Car loan sales up for July as interest in green vehicles grows

Despite many parts of Australia being pulled back into COVID-19-related lockdowns, demand for new vehicles continued to grow in July by 16.1% month-on-month, according to the FCAI.

Home and vehicle buying intentions fall during lockdowns

Consumer intent to spend on home buying and motor vehicles fell for the first time in a year during July 2021, according to the latest Commonwealth Bank (CBA) HSI series.

Should I get an offset account?

When searching for your ideal home loan, there are a range of helpful features that can offer more flexibility and reduce your ongoing repayments. One of the most popular features for a home loan which may do just that is an offset account.

Home Loan Cashback Offers for August 2021

Whether these COVID-19 restrictions have encouraged you to find a more comfortable space and buy your first property, or refinance your mortgage, home loan cashback deals may come in handy in helping to cover those pesky new mortgage costs.

Over 20,000 Aussies already receiving hardship assistance during lockdown

The latest data released from the Australian Banking Association found that over 20,000 customers have had to receive hardship assistance since 8 July 2021, during the latest COVID-related restrictions.

Does getting a second credit card hurt your credit score?

However, you may be wondering how this may affect your personal finances and does getting a second credit card hurt your credit score? Let’s explore what can affect your credit score and whether having multiple credit cards is good or bad for your credit history.

Can I make extra repayments to a personal loan?

Paying off your personal loan is a good feeling but paying it off early by making extra repayments is an even better one. Some personal loan lenders will allow you to make additional repayments on top of your regular loan instalments.

Can I get a mortgage five times my salary?

Depending on your income, expenses, and the property you want to buy, you may be able to get a mortgage one, five, or even ten times your salary. But just because you have a high income, it doesn’t mean you’ll be approved for a loan.