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Finance News from Personal Loans Australia

Personal Loans Australia is pleased to present the latest financial news headlines.

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Finance News

Government Implements 20% Reduction in Student Loans to Alleviate Living Costs Government Implements 20% Reduction in Student Loans to Alleviate Living Costs
17 Nov 2025: Paige Estritori

In a significant move to address the rising cost of living and intergenerational inequality, the Australian government has enacted legislation reducing student loans by 20%. This policy change, effective from June 1, 2025, results in over A$16 billion in debt relief for approximately 3 million Australians. For graduates with an average loan balance of A$27,600, this equates to a reduction of A$5,520. - read more
Westpac's RAMS Financial Group Penalized A$20 Million for Home Loan Misconduct Westpac's RAMS Financial Group Penalized A$20 Million for Home Loan Misconduct
17 Nov 2025: Paige Estritori

In a landmark ruling, Australia's Federal Court has imposed a A$20 million fine on RAMS Financial Group, a subsidiary of Westpac, for serious misconduct in its home loan practices. Between June 2019 and April 2023, RAMS engaged in activities such as using falsified payslips to approve loans, dealing with unlicensed mortgage referrers, and failing to maintain proper oversight. - read more
ANZ Group Reports Positive Growth in Deposits and Loans for Q3 2025 ANZ Group Reports Positive Growth in Deposits and Loans for Q3 2025
17 Nov 2025: Paige Estritori

In its third-quarter update for 2025, ANZ Group, Australia's fourth-largest bank by market value, reported a significant rise in customer deposits and net loans and advances. Customer deposits increased by A$19 billion, while net loans and advances saw a 2% uptick. This growth is attributed to the expansion of the bank's home lending business within the domestic retail division. - read more
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Personal Loans Articles

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
Mastering Money Management: The Essentials of Personal Budgeting
Mastering Money Management: The Essentials of Personal Budgeting
Embarking on a journey towards financial stability begins with the mastery of personal budgeting. It's the cornerstone of sound money management, where every dollar is allocated purposefully, paving the way for a future free from the shackles of financial stress. In this all-important first step, individuals learn the fine art of balancing their earnings with their expenditures, a fundamental skill for anyone looking to navigate their finances with confidence. - read more
Effective Credit Repair: Long-Term Strategies for Sustained Improvement
Effective Credit Repair: Long-Term Strategies for Sustained Improvement
Maintaining a good credit score is crucial for financial health. In Australia, a solid credit score can unlock better interest rates, higher credit limits, and improve your chances of loan approval. - read more


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Knowledgebase
Annual Percentage Rate (APR):
The annual rate charged for borrowing or earned through an investment, expressed as a percentage.