Personal loans vs credit cards
When looking for a credit option to fund a big upcoming expense like a holiday, home renovation or wedding, two banking products are likely to come to mind – a personal loan or a credit card.
Read More
When looking for a credit option to fund a big upcoming expense like a holiday, home renovation or wedding, two banking products are likely to come to mind – a personal loan or a credit card.
The freedom of working for yourself also comes with a lot of hard work, especially when it comes to sorting out your finances.
So, the kids have all left the nest, work has become a distant memory, and you’re lapping up life in retirement. While work stress may be a thing of the past, you can still face financial pressure in your twilight years.
Also known as a ‘payday loan’ or ‘fast cash loan’, a short-term personal loan is designed to provide you with immediate, small amounts of cash that will tide you over until your next paycheck.
If you’re planning on applying for a home loan or a personal loan, prepare to have your credit history placed under the microscope. Your credit history tells the story of you as a borrower, even things that took place a long time ago. Lenders use this information to determine to determine whether or not your application will be successful and of course, the interest rate.
With sustainability at the top of mind for many Australians, getting a green loan can be a way to make costly lifestyle changes without blowing the bank.
Understanding credit and all of its terms can be confusing, especially when they all sound so similar. Terms like credit score, credit file and credit history are all as equally important to understand as the next.
Got a large expense coming up that needs covering? Maybe you're planning a dream holiday or doing some major home renovations and need the extra cash. If you've been wondering how to finance your plans, you actually have some options.
We get it. Personal loan eligibility criteria aren't always so clear cut. So, before you even consider applying for a personal loan, it's super important to shop around and compare your options until you find the right loan for you.
Ever wondered what difference choosing between a variable and fixed rate personal loan really makes? Well, if you’re a little more cautious or have trouble adjusting to change, a fixed rate loan could just be a lifesaver.
When we talk about loans, we spend a lot of time talking about what sets them apart or why you might want to go with one over another. What we don’t tend to talk about as much is why you might choose a long term loan or short term loan, important parts of the personal loans process that can’t go overlooked.
When you don’t have the money for some of those big ticket items, a personal loan can help you achieve your financial goals.
Ding-dong, wedding bells are ringing! If you’ve just started the planning your big day, then you’ve probably got a fair idea of how much it’s going to cost... a lot. But not everyone has a spare $50k lying around, so you might consider taking out a personal loan to cover the cost. Splitting things 50/50 with your fiancé? Taking out a loan for two would be much easier to repay than taking one out on your own, especially if you’re just starting out.
From the crystal clear waters of Halong Bay in Vietnam to the hustle and bustle of Istanbul’s Grand Bazaar, the world has plenty to offer any avid jetsetter. So if you’ve got the traveller’s itch and can’t wait to head off on your next adventure, it’s time to think about what will be the best way to fund your great exploration - a travel loan or credit card.
Keep your finger on the bank loan pulse with Mozo's updates, articles and assorted financial lifeblood.
Whether you’re updating your kitchen, adding a new bathroom, or creating that dream outdoor living space, renovating can boost both your home’s value and your lifestyle. But when it comes to funding those projects, savvy homeowners may find that opting for a personal loan could be a faster, simpler solution than home loan refinancing.
Read More
When it comes to finding a great low-rate personal loan, shopping around is a must. With unpredictable rate movements, it's more important than ever to compare your personal loan options before locking in an option.
Read More
Differing to the typical home loan, which is designed for the purchase of a property, personal loans are more than a one trick pony. In fact, there are a range of circumstances where different types of personal loans could come in handy, such as a holiday, funding a wedding, doing a home reno or even consolidating debt Personal loans generally come in two types; secured (where you put up an asset as security) or unsecured (where you don’t). Secured loans often come with lower interest rates than unsecured options and like other loans, you’ll need to make regular repayments over the loan term, which is usually one to ten years. So with that in mind, we’ve put together a personal loan matchmaker with some top options for each scenario.
Read More
From buying that new car you’ve been dreaming of, to consolidating your debt or financing your home renovations, personal loans can have a great many uses. But knowing where you stand when it comes to personal loans can be tricky, with a bunch of common misconceptions floating around that need to be busted.
Read More