News archive for December 2021

December 2021

Why you might consider a joint personal loan in 2022 benefits and risks revealed

Applying for a joint personal loan? Here's what you need to know

Sharing finances is a milestone some relationships decide is right for them. Pooling money can help provide accountability, with many Aussies splitting financial products like bank accounts, credit cards and home loans. So, why not share a joint personal loan?

The mozo team s best and worst purchases of 2021

The Mozo Team’s best and worst purchases of 2021

For a bit of fun - and maybe some helpful insights- we’ve asked members of the Mozo content team to tell us some of their worst and best purchases of 2021. Here are their responses:

Green broadband nbn co targets 100 renewable energy by 2025

Green broadband? NBN Co targets 100% renewable energy by 2025

NBN Co has announced a 100% renewable energy target, backed by an emission reduction plan and membership with the RE100 climate group. The company has announced an initial three-year roadmap it will adhere to as it continues to deliver broadband to over 8 million Aussie homes.

Act households offered up to 15k interest free loans for electric vehicles

ACT households offered up to $15k interest-free loans for electric vehicles

Are you a Canberran with an electric vehicle on your Christmas or 2022 list? We’ve got news for you … This month, the ACT Government introduced the Sustainable Household Scheme to residents of the nation’s capital as part of its commitment to net zero emissions by 2045. Under the scheme, the government is offering interest-free loans between $2,000 and $15,000 to eligible homeowners to fund the cost of energy efficient products, including EVs.  The loans can be paid back over a period of up to 10 years and there are also no upfront or ongoing fees attached to it.  “As the impacts of climate change become increasingly evident, it is essential that governments work with the community to not only take meaningful action to limit our contributions to global warming, but to do so in a way that improves our quality of life,” said chief minister, minister for climate action, Andrew Barr in the Sustainable Household Scheme Guidelines for participants. “I am pleased to announce the introduction of the Sustainable Household Scheme (Scheme), to support Canberrans to reduce their energy use and costs and live more comfortably. This in turn will contribute to the ACT’s transition to net zero emissions by 2045. “The Scheme will provide $150 million in zero interest loans over five years to eligible households, individuals and not-for-profit community organisations, and be delivered through a contracted loans provider.” Partnering with home improvement loan provider Brighte, the ACT Government is set to offer the scheme up until 2026 (unless it’s extended). Apart from the scheme and loans, Brighte also offers a specialised interest-free Buy Now Pay Later service for home improvement purchases (including green ones) up to $30,000 and snapped up a 2021 Mozo Experts Choice Award for best specialised service.

When to pick invoice finance over a business loan

When to pick invoice finance over a business loan

For both new and established businesses, managing cash flow can be a challenge. And if customers make a habit of delaying payment, you can find yourself stalling as a business, if not running into further trouble down the road.

How do the big four low rate 0 interest credit cards compare

How do the Big Four low rate & 0% interest credit cards compare?

Like the idea of a credit card issued by one of the big four? Well if traditional banking is more your speed, you’ll be pleased to know there’s plenty of options when it comes to low rate and 0% interest credit card offers. In fact, each of the big four (CommBank, NAB, Westpac and ANZ) offer at least one product in each category. With that in mind, we’ve compared top credit cards side by side to help you look for the right product for you!

Reserve bank interest rates

Interest rates kept on hold in last RBA meeting of the year

Despite an increase in inflation, the Reserve Bank of Australia left monetary policy settings unchanged at its final meeting of the year, pointing to lacklustre progress towards other targets such as wages growth.

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