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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Aussie borders to open? Here’s how to fund your next holiday
With news of Australian borders soon opening for international travel, you might be looking at how to fund your next trip. With so many possibilities after more than a year of no international travel, it’s easy to get caught up in dream destinations and plans.
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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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Debt consolidation loans a popular way to dust away debt, says SocietyOne
Feel like your multiple debts have gotten a bit messy lately? Well, it could be time for a spring clean! Managing multiple debts can be tricky, from making car or personal loan repayments to paying off your credit card. But that’s where a debt consolidation loan can make life a little easier (and likely cheaper!). But are debt consolidation loans really that popular? To put it simply, yes they are. According to online personal loan lender SocietyOne, about half (50%) of their loans taken out each month are for debt consolidation, with the average loan sitting at around $20,000. SocietyOne’s chief marketing officer, Nicole Avery breaks down how it all works.
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Personal Loans Snapshot: September 2021
With Spring finally here, it’s now time for our September 2021 personal loans market update.
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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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Customer-owned banks vs the big banks: which offer cheaper personal loans and bigger savings in 2021?
According to 2019 Mozo research, in a side-by-side comparison, Big 4 banks could have cost borrowers up to 20% more in personal loan interest fees than customer-owned banks.
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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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