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Personal Loans News

The latest personal loans news and tips

Alex Ritchie

Personal Finance Editor

Personal loan values falling but debt consolidation loans rising

The number of personal finance commitments fell from October 2018 to November 2018, according to the latest figures from the Australian Bureau of Statistics.

Personal Loans

21 Jan, 2019

2 min read

Personal loan values falling but debt consolidation loans rising
Nick Bendel

Property & Personal Finance Writer

Personal loan rates and fees trending upwards

Personal loan interest rates have climbed over the past year, although it’s still possible to get loans for under 6 per cent.

Personal Loans

13 Jan, 2019

2 min read

Personal loan rates and fees trending upwards
Nick Bendel

Property & Personal Finance Writer

Big banks pricing personal loans much higher than smaller rivals

A range of customer-owned institutions are significantly undercutting the big four banks, according to a new analysis of personal loan interest rates.

Personal Loans

25 Nov, 2018

2 min read

Big banks pricing personal loans much higher than smaller rivals
Nick Bendel

Property & Personal Finance Writer

We're getting better at managing money, stats show

Australians are taking out fewer personal loans and suffering fewer bankruptcies, new data has revealed.

Personal Loans

20 Oct, 2018

2 min read

We're getting better at managing money, stats show
Nick Bendel

Property & Personal Finance Writer

Coles moves in to personal loans

Coles Financial Services is now offering personal loans, on top of its existing offering of insurance, credit cards and prepaid cards.

Personal Loans

14 Sep, 2018

2 min read

Coles moves in to personal loans
Mark Bristow

Personal Finance Editor

A bad year for bankruptcies

It was a tough financial year for Australia’s debtors, with the number of personal insolvencies around the country growing over 2017-18 to reach the highest figure in nearly a decade.

Personal Loans

19 Jul, 2018

2 min read

A bad year for bankruptcies
Alex Ritchie

Personal Finance Editor

Millennials may have debt; but they're smart about paying it off

New research from ING shows that while millennials have an inclination towards accumulating debt, they’re more serious about paying it off than many would believe.

Personal Loans

16 Jul, 2018

2 min read

Millennials may have debt; but they're smart about paying it off
Nick Bendel

Property & Personal Finance Writer

Credit unions lead the way for low interest rates

A diverse range of small lenders are undercutting the big banks and offering some of the lowest-rate personal loans in Australia.

Personal Loans

08 Jul, 2018

2 min read

Credit unions lead the way for low interest rates
Nick Bendel

Property & Personal Finance Writer

Debt management firms 'can leave people in a worse financial situation'

Australia’s financial services regulator has warned consumers to be wary of companies that claim they can fix poor credit ratings.

Personal Loans

08 Jun, 2018

2 min read

Debt management firms 'can leave people in a worse financial situation'
Nick Bendel

Property & Personal Finance Writer

Court penalises home appliances business for leasing breaches

The Federal Court of Australia has ordered a $2 million penalty against Thorn Australia Pty Ltd's Radio Rentals for contravening its responsible lending obligations.

Personal Loans

17 May, 2018

2 min read

Court penalises home appliances business for leasing breaches
Mark Bristow

Personal Finance Editor

Small business roundtable asks how to make loan comparisons easier

A recent roundtable hosted by the Reserve Bank of Australia (RBA) looked at issues facing Australia’s small businesses, including challenges such as comparing and switching business financing products across different lenders.

Personal Loans

21 Apr, 2018

2 min read

Small business roundtable asks how to make loan comparisons easier
Nick Bendel

Property & Personal Finance Writer

Small lenders offering some of the cheapest personal loans

Endeavour Mutual Bank is offering a personal loan from as low as 4.24 per cent - but there’s a catch.

Personal Loans

24 Mar, 2018

2 min read

Small lenders offering some of the cheapest personal loans