News Archive for April 2019

April 2019

Big banks snub Morrison’s $1 billion small business fund

Big banks snub Morrison’s $1 billion small business fund

Prime Minister Scott Morrison’s $1 billion Business Growth Fund was supposed to be a boon to Australian small businesses. But it appears some of the major banks and superannuation funds are less than eager to throw their support behind the initiative.

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Judo Capital set to become the next big Aussie neobank

Judo Capital set to become the next big Aussie neobank

Business challenger bank Judo Bank is set to jump aboard the digital banking train expecting to officially be granted its banking licence this week, as revealed by Judo Capital co-CEO Joseph Healy at the AltFi Australia Summit 2019 in Sydney yesterday (15 April).

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CUA Unsecured Fixed Personal Loan rate drops to 9.89%

CUA Unsecured Fixed Personal Loan rate drops to 9.89%

Rate drop alert! Last week CUA dropped the starting rate on its Unsecured Fixed Personal Loan from an 11.99% p.a. fixed rate to a much lower 9.89% p.a. fixed rate (10.14% p.a. comparison rate^^) with a maximum loan amount of $50,000.

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Are you losing the fight against bank fees?

Are you losing the fight against bank fees?

If you’re one of the many Aussies still getting hit with up to $10 in unnecessary bank fees, then it’s no surprise you’re fighting a losing battle when it comes to keeping your bank account balance looking healthy. Mozo’s here to show you how you could become the Jackie Chan-esque fee-fighter of the century, avoiding budget-battling add-ons at all costs.

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You’re paying $6,007 extra interest on your business loan by staying with a big 4 bank

You’re paying $6,007 extra interest on your business loan by staying with a big 4 bank

After conducting a recent analysis on business loans, our Mozo experts found that the average Big 4 Bank business loan rate was 88 basis points higher than the average rate of challenger banks. Mozo data also revealed that this difference in interest rates means staying with a Big 4 bank could cost you an extra $6,007 in interest on a $250,000 business loan over 5 years*.

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Big banks cut rates as rival lenders steal borrowers

Big banks cut rates as rival lenders steal borrowers

CommBank, Westpac and NAB are cutting their fixed home loan rates in a bid to stem the rising tide of borrowers switching to rival lenders. However, borrowers are being warned not to jump headfirst into fixing, as the big banks are still a long way from being the most competitive in the market.

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What is Payright and how does it compare to Afterpay?

What is Payright and how does it compare to Afterpay?

The buy now, pay later (BNPL) market is experiencing a bit of a boom. Aussies have come to appreciate the convenience and affordability of post-pay services, and merchants have waxed fanatical about speedy turnovers. Touted as an interest free alternative to a credit card, they're whipping Aussies into a spending frenzy.

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How your finances change from your 20s to your 30s

How your finances change from your 20s to your 30s

A lot can change in a decade, political leaders come and go, technology continues to advance and self-driving cars are now actually a thing. And your finances are no different - between the ages of 20 to 30 your relationship with money can undergo a quite the transformation.

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Best personal loans

Australia’s Best Personal Loans for April 2024

As we head into 2024, it’s a good time to check in with the personal loan options available and make sure you’ve got the best option for your major expenses like home renovations, travel, and purchasing a car.

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The 2019 Federal Budget and what it means for your finances

The 2019 Federal Budget and what it means for your finances

We’ve gotten pretty well acquainted with Josh Frydenberg this past week. The treasurer has spent a lot of time on our screens ahead of the release of the 2019 Federal Budget, touting tax cuts and big plans for infrastructure. Last night, he finally unveiled the government’s monetary plan for the coming years, and there’s plenty to unpack.

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April 2019 Financial Checklist

April 2019 Financial Checklist

Brace yourself! April's officially here, and with Easter, ANZAC Day and the school holidays all just around the corner, you're in for a jam-packed month ahead. Whether you’re going away or staying home this Easter, we’ve got all the juiciest money tips to get you through the month. So, sit back and relax because your fave monthly subscription has just entered the building! Here’s your monthly Financial Checklist: April 2019 Edition.

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