Is a personal loan right for your wedding? How to borrow for the big day
Something old, something new, something borrowed and something blue …who doesn’t love wedding traditions, right? We definitely do!
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How to use a debt consolidation loan to your advantage in 2023
With interest rate hikes weighing down on borrowers, it’s no wonder people are looking for ways to get their repayments under control. One way of dealing with this is debt consolidation.
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Five tips to get an amazingly low rate on a personal loan
Personal loans are a popular choice among Australians who want to pay for home upgrades and other large-ticket items. With personal loan rates at record lows, they are also handy tools for consolidating and paying down debt.
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Ditch the 2023 debt with these 7 top tips
Debt can be scary, there’s no doubt about that. But, with the right toolkit (and a little bit of self-discipline) 2024 could be the year you eliminate your personal debt by tightening the money purse now.
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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?
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Why a personal loan might suit you more than a car loan for your next vehicle purchase
When you think about financing a vehicle, your mind may immediately go to car financing or a car loan. But the truth is, for some these options may not be available … which is where a personal loan may step up to the (number) plate. According to recent industry datas, the used car market continues to boom as the supply issues around new car microchips drag on. “With some people being forced to consider buying a used car as the microchip shortage puts the brakes on the supply of new cars, the used car loan market is running hot,” says Mozo spokesperson Tom Godfrey. “If the car you’re trying to purchase has a lot of ks on the clock, you might find some car loan providers unwilling to finance it, which is when a personal loan might come in handy.”In fact, Mozo’s latest research showed that 52% of Aussies that took out a personal loan over the last 10 years, used the funds to purchase a car. It revealed that the average car loan borrowing amount was at $25,000, while for personal loans it sat at a lower $14,000.
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Personal loan matchmaker: what’s the right lending option for your situation?
Unlike a home loan, which is designed for the purchase of a ‘home’, personal loans are more than a one trick pony. In fact, there are a range of situations where different types of personal loans could come in handy - such as:
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Glasgow COP26 inspired you to go green? Here are some loan options to reduce emissions at home
With talks around net zero emissions and green energy still circulating on the back of the Glasgow COP26 climate summit, it’s no surprise if it has inspired you to go green. From installing solar panels, rainwater tanks and water treatment systems to upgrading your white goods and appliances to energy efficient options, there are a range of ways to help the planet from your own home. But the question is: what are your funding options when it comes to a ‘green reno’? Well, if your nest egg doesn’t quite cut it, you may want to consider a green personal loan option.
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How to consolidate your debt in a personal loan - before Christmas!
The cost of living crisis has impacted many, particularly over the last few years. So it’s not entirely surprising that some Australians might be feeling a lot of pressure on their finances this December. If you’re concerned about meeting holiday commitments, you’re not alone.
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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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