Personal loan news and advice - page 17

All the latest personal loan news and top tips to help you manage your personal loan.

Budget’s big bank levy could open the door for fintech lenders

Budget’s big bank levy could open the door for fintech lenders

In the 2017 Budget announcement, Treasurer Scott Morrison announced a 0.06% annual levy on key funding sources for Australia’s major banks - a cost that could be passed on to Aussie borrowers and may drive them toward alternate lending sources.

Millennials top list for bad credit card habits

Millennials top list for bad credit card habits

The millennial generation may want to give up paying for their avocado on toast with plastic, after new research by peer-to-peer lender, SocietyOne, found that they’re the worst offenders when it comes to credit card mismanagement.

$2.6 billion peer-to-peer economy booms in NSW after 68% growth

$2.6 billion peer-to-peer economy booms in NSW after 68% growth

The surging popularity of ‘sharing’ services such as Airbnb, Uber and peer-to-peer lender SocietyOne in New South Wales has resulted in a 68% revenue increase in the states’ sharing economy from $1.6 billion in 2014-15 to $2.6 billion in 2015-16.