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Relevant Personal Loans articles and tips
Alex Ritchie
Personal Finance Editor
How soon after paying off my last personal loan can I get another loan?
Can you take out a personal loan while you’re still paying one off? How soon after paying off your last personal loan can you apply for a new personal loan? Let’s explore these scenarios today.
Personal Loans
17 Sep, 2024
4 min read
Vidhu Bajaj
Personal Finance Writer
Can you pay off a personal loan early?
Discover if paying off your personal loan early is right for you, what are the repayment strategies, and how paying off early might impact your credit score.
Personal Loans
03 Sep, 2024
4 min read
Mark Bristow
Personal Finance Editor
Can I get a personal loan to pay for my wedding?
It’s no secret that tying the knot can be an expensive proposition, with the W-word often being associated with higher than typical prices for many products and services. While you might be wedded to getting a personal loan to pay for it, it’s important to be aware of the risks involved before saying I Do to a bank or lender.
Personal Loans
15 Mar, 2024
5 min read
Mark Bristow
Personal Finance Editor
Can you use a personal loan for tax debt?
Many banks won’t allow borrowers to use a personal loan to pay tax debts. However, it may be possible to get a loan to help cover your other expenses while you concentrate on repaying what you owe to the Australian Taxation Office (ATO).
Personal Loans
21 Dec, 2023
3 min read
Alex Ritchie
Personal Finance Editor
Credit card vs personal loan: which is better?
Choosing between a personal loan and a credit card can be a tough financial decision. Let’s explore whether a credit card or a personal loan may be better for your specific financial goals.
Personal Loans
13 Dec, 2023
4 min read
Mark Bristow
Personal Finance Editor
Can you refinance a personal loan? Here's how
It is possible to refinance a personal loan, provided you can afford the repayments. Refinancing a personal loan is a lot like initially applying for a personal loan, with a few key differences.
Personal Loans
23 Nov, 2023
3 min read
Mark Bristow
Personal Finance Editor
What is a secured and unsecured loan?
A personal loan is a simple way to borrow money to pay for a major purchase, or to cover the costs of a personal project. When you apply for a personal loan, you may be able to choose between a secured loan and an unsecured loan. A secured personal loan uses an asset, such as a car, as security. In contrast, an unsecured personal loan doesn’t require any collateral or assets to secure it.
Personal Loans
02 Nov, 2023
4 min read
Peter Terlato
Personal Finance Editor
Can you get a business loan without any assets?
A business loan is designed to finance specific business-related requirements and is often secured by assets, such as property. However, it is possible to obtain an unsecured business loan, though there may be certain limitations and requirements.
Personal Loans
23 Oct, 2023
6 min read
Mark Bristow
Personal Finance Editor
How to apply for a personal loan
If you need money for a personal project like a renovation, an event like a wedding or a holiday, or a major purchase like a car, you may be in the market for a personal loan. But before you start firing off applications, it’s important to get an idea of what to look for in a personal loan, and how the application process works.
Personal Loans
16 Oct, 2023
7 min read
Alex Ritchie
Personal Finance Editor
Will my personal loan repayments drop with a new interest rate?
Your personal loan repayments will drop with a new, lower interest rate. However, you will typically need to negotiate or refinance for a lower interest rate, as a personal loan rate may not fluctuate with the RBA's cash rate.
Personal Loans
18 Sep, 2023
5 min read
Alex Ritchie
Personal Finance Editor
Can you apply for a personal loan on behalf of someone else?
The simple fact is that no, in Australia you generally cannot apply for a personal loan on behalf of someone else. However, there are alternative options you could consider.
Personal Loans
14 Sep, 2023
4 min read
Mark Bristow
Personal Finance Editor
Is it good to apply for a personal loan online?
Personal loans are available from retail banks and mutual banks, but also from specialised online-only lenders. Because these lenders often have lower ongoing costs, they may be able to offer more competitive personal loans than their big bank rivals. It’s still essential to compare personal loans before you apply, to make sure you’re making the best choice to suit your needs.
Personal Loans
14 Sep, 2023
4 min read
Trending articles
Alex Ritchie
Personal Finance Editor
17 Sep, 2024
How soon after paying off my last personal loan can I get another loan?
Vidhu Bajaj
Personal Finance Writer
03 Sep, 2024
Can you pay off a personal loan early?
Mark Bristow
Personal Finance Editor
15 Mar, 2024
Can I get a personal loan to pay for my wedding?
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