Personal Loans Australia :: News
SHARE

Share this news item!

Rate Money Introduces Competitive Rate Adjustments Amid Industry Increases

Non-Bank Lender Offers Favorable Terms for Self-Employed Australians

Rate Money Introduces Competitive Rate Adjustments Amid Industry Increases?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

In a financial landscape where many lenders are raising variable interest rates by 25 basis points in response to the Reserve Bank of Australia's recent rate hikes, Rate Money has taken a different approach.
The non-bank lender, specializing in loans for self-employed individuals, has opted to increase their variable rates by only 15 to 20 basis points on select loan products.
This decision aims to alleviate financial pressure on borrowers facing rising living costs and inflation.

Effective from 13 February 2026, Rate Money's adjusted rates include:

  • Variable interest rates starting at 5.81% per annum.
  • Rates valid for applications received within 60 days from the effective date.

To qualify for these rates, borrowers are required to demonstrate a 12-month track record of consistent borrowing, maintain a stable financial profile with limited recent credit activity, and meet the minimum credit score requirements for the selected product.

In addition to these rate adjustments, Rate Money has introduced the 'Easy Doc One-Year Tax Return' option. This lending solution allows self-employed borrowers to secure financing more swiftly by using their most recent financial year tax returns, even if those returns have not yet been lodged. Key features of this option include:

  • Utilization of a one-year tax return without a notice of assessment at the time of approval.
  • Rates starting at 5.99% per annum.
  • A variable interest rate increase of only 0.15% since the RBA's last rate hike.
  • Effective from 13 February 2026, with rates valid for applications received within 60 days from the effective date.

Ryan Gair, co-founder and CEO of Rate Money, emphasized the company's commitment to supporting self-employed Australians: "Every bank, every lender has automatically come out and said we're going up 25 points across the board. No one's bucked the trend." By offering more favorable rate adjustments and tailored products, Rate Money aims to provide accessible and competitive financing options for self-employed individuals navigating the current economic climate.

For self-employed Australians seeking personal loans, Rate Money's offerings present a compelling alternative amid industry-wide rate increases. Prospective borrowers are encouraged to assess their financial situations carefully and consider these options to secure financing that aligns with their needs and repayment capacities.

Published:Saturday, 18th Apr 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Rate this article

0 Comments

No comments yet. Be the first to share your thoughts.

Finance News

Commonwealth Bank Achieves Record Half-Year Profit Amidst Investor Lending Boom
Commonwealth Bank Achieves Record Half-Year Profit Amidst Investor Lending Boom
12 May 2026: Paige Estritori
The Commonwealth Bank of Australia (CBA) has announced a record half-year cash profit of $5.45 billion, marking a 6% increase from the previous year. This impressive financial performance is largely attributed to a surge in investor lending, which now constitutes 43% of the bank's new business, up from 37% two years prior. This shift indicates a growing trend of investors capitalising on the robust Australian housing market. - read more
Beforepay Group Reports Significant Growth in Personal Loan Originations
Beforepay Group Reports Significant Growth in Personal Loan Originations
12 May 2026: Paige Estritori
Beforepay Group, an ASX-listed financial technology company, has reported a 73% increase in personal loan originations during the third quarter of the 2026 fiscal year. This substantial growth underscores the rising consumer demand for accessible and flexible financial solutions. - read more
Rising Interest Rates Contribute to Increased Mortgage Stress Among Australians
Rising Interest Rates Contribute to Increased Mortgage Stress Among Australians
12 May 2026: Paige Estritori
Recent interest rate hikes by the Reserve Bank of Australia (RBA) have intensified mortgage stress among Australian households. Since the beginning of the year, over 65,000 individuals have contacted the National Debt Helpline, primarily due to difficulties in meeting mortgage repayments. - read more


Personal Loans Articles

Proven Strategies to Boost Your Personal Loan Approval Odds
Proven Strategies to Boost Your Personal Loan Approval Odds
Embarking on the journey to secure a personal loan can often seem like navigating through a complex financial landscape. Particularly for Australians, where the market is bustling with a multitude of lenders each with their respective criteria and rates, increasing the chances of loan approval is a pursuit that requires insight and preparation. - read more
Avoid Common Budgeting Mistakes for First-Time Borrowers
Avoid Common Budgeting Mistakes for First-Time Borrowers
As a first-time borrower, understanding the importance of budgeting is crucial. Effective budgeting can make all the difference in achieving financial stability and meeting your financial goals. It helps you manage your income, control your spending, and save for future needs. - read more
Decoding Loan Interest Rates: What You Need to Know
Decoding Loan Interest Rates: What You Need to Know
Understanding interest rates is crucial when considering any loan. Interest rates determine how much you'll need to pay back over the life of a loan and can significantly affect the total cost. By gaining a solid grasp of how these rates work, you can make more informed decisions that could save you money in the long run. - read more


Need Help Finding a Loan?
Find out now if you qualify and compare rates, offers and options from multiple lenders - without a credit check!
Loan Amount:
Postcode:

All quotes are provided obligation-free by a participating broker from our national referral partner network. We respect your Privacy.

All finance quotes are provided free (via our secure server) and without obligation. We respect your privacy.

Knowledgebase
Yield:
The income return on an investment, such as the interest or dividends received from holding a particular security.