Personal Loans Snapshot: November 2021
As we enter the final month of Spring, it’s time to take a look at our November 2021 personal loans market update.
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Alex Bank offers up a competitive personal loan
Say hey to Alex.Bank. An Aussie digital lender that's solidified itself in the personal loan game and is now looking to expand its banking horizons.
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What are my options for financing home improvement projects?
Are you thinking about doing some much-needed home renovation? It’s an exciting process, but one that you need to prepare for.
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Personal Loans Snapshot: October 2021
As we begin to reach the tail-end of the year, it’s now time to dive into our October 2021 personal loans market update.
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Expert tips: 3 ways to spring clean your loan and credit card debt
Spring has well and truly sprung. And while this may have you turning your attention to dusting off drawers, clearing out your winter wardrobe or tending to the garden, now could be the time to spring clean your finances as well! And what’s a big part of many Aussies’ personal finances? Loan and credit card debt. So we’ve spoken to the experts. Combining the knowledge of Mozo’s banking expert Peter Marshall, Athena’s chief marketing officer Natalie Dinsdale, Nano Digital Home Loans’ chief executive officer Andrew Walker and Alex’s chief financial and product officer Craig Fenwick, here are three top tips on helping you pay down your debt this spring!
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Excellent credit scores could save borrowers over $4k on personal loan rates
Everyone knows that when applying for a personal loan, having a good credit score can give you an advantage. But just how much of an advantage does a good credit history provide?
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Meet these 4 non-bank personal loan lenders offering hot rates right now
When it comes to finding a top personal loan, you don’t always need to knock on the door of banks. In fact, there are plenty of competitive low-rate loan options offered by non-bank lenders. Right now, the average unsecured personal loan rate sits at 9.45% in the Mozo database. However, many non-bank personal loan lenders offer rates well below that average, particularly for customers with an excellent credit rating. Due to many lenders adopting a risk-based pricing model on their personal loan products, in many cases the healthier your credit history, the lower rate you’ll receive. So which non-bank lenders offer hot rates right now? Check out these top options below …
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Rate cut review time! Personal loan rates falls during lockdown
Did someone say personal loan interest rate cuts? That’s right! While COVID restrictions might have Aussies locked down at home, personal loan rates have been moving.
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3 steps to help you get approved for a personal loan
Loan approvals can seem like a scary thing. Especially when it feels like lenders use a monster-sized magnifying glass to look into every nook and cranny of your finances. But the truth is, when applying for a personal loan, these types of checks are nothing to be afraid of … as long as you’re prepared. So with this in mind, we’ve put together 3 ways of improving your chances of getting approved. Read on and find out!
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Is it better to pay off my debt or grow my savings? We’ve asked the experts!
Got unpaid debt? Whether it’s a personal loan, credit card or even a home loan, chances are you’d prefer to see your debt out of your life than in it. So the question is: is it always a good idea to prioritise your debt instead of focusing on growing your savings stash? Or can both be done in tandem? We’ve asked the question of Mozo’s banking expert, Peter Marshall as well as Sebastian Paulin, Plenti’s head of direct lending, and Joanne Edwards, Wisr’s chief risk and data officer. And boy we got the answers!
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