Do first-time home loan applicants qualify for tax benefits?

If you’re a first-time home buyer applying for a home loan, you could qualify for some tax deductions. For example, in some states and territories may be entitled to full exemptions or concessions on stamp duty. Read on to find out what else you might be eligible to receive.

Can I get a discounted student car loan?

Banks don't offer student car loans. Given that you're unlikely to have built up enough of a credit history to warrant an excellent credit score, you may be able to secure a low interest car loan if you apply for a guarantor loan.

Can you sign up to multiple BNPL platforms?

Given the lack of regulation surrounding BNPL, you may be able to open multiple accounts with different providers. However, this may not be a sensible practice as it might be difficult to keep track of all your debts and you could miss payments, potentially resulting in late fees and charges.

How long does it take to open a bank account?

The advent of technology means you could have a new bank account up and running in just a few minutes. However, it may take days to receive your bank card in the mail. Additionally, some accounts require a lengthier processing time before they're activated.

Do mortgage brokers need a consumer credit license?

Anyone who engages in credit activities will generally need an Australian credit licence or authorisation from a credit licensee before starting business, including mortgage brokers.

Can foreigners open a bank account in Australia?

Opening a bank account in Australia is a relatively simple process which can be started by comparing the different types of bank accounts foreigners can open in Australia. Once you’ve found a bank account that suits your needs, you can start the application process.

Can I open a bank account in another country?

Offshore banking by Australians is entirely possible. It could be for overseas investment, higher interest-earning potential or to access foreign banking services. The process for opening an offshore bank account may differ depending on the financial institution and country in which you’re opening the account.

Interested in equities investment? Check out December's top personal loans

Personal investment loans - also known as margin loans - could be helpful when considering equities investments. Margin loans offer a way to invest in the stock market by borrowing money from a lender for the purpose of buying shares.

Stash your cash with some of the best term deposits in December 2022

The big four banks’ highest term deposit rates were significantly lower before the RBA hikes began in May. Now, the highest rates offered by the big four banks for term deposits are at least 4 per cent. These apply for domestic and international students too.

Save for new year buys with some of the best savings accounts in December 2022

Are you searching for a savings account to grow your money in the hopes of making a few new year purchases? Perhaps you’re looking to renovate your property, buy a new electric car, take a summer vacation or invest in green funds.