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Finance News from Personal Loans Australia

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

To read an entire news item, simply click on the headline.

Finance News

ASIC Investigates Private Lending Sector Amid Rapid Expansion

04 Jun 2026: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the private lending sector, revealing significant inconsistencies and potential risks. This scrutiny comes in response to the sector's rapid expansion, with private credit extending approximately $200 billion in loans, primarily to high-risk real estate developers and property investors. - read more

ASIC Halts City Finance Lending's Small Amount Credit Contracts

04 Jun 2026: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has recently issued an interim stop order against City Finance Lending Pty Ltd, preventing the company from issuing its small amount credit contracts (SACCs) to retail clients. This action was taken due to deficiencies identified in the company's target market determination (TMD), raising concerns about the suitability of these products for consumers. - read more

Cigno Australia and BSF Solutions Penalised $7 Million for Unlawful Lending Practices

04 Jun 2026: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has recently imposed significant penalties on Cigno Australia and BSF Solutions, along with their respective directors, for operating an illegal payday lending scheme. The Federal Court has ordered each company to pay $3 million, with additional fines of $500,000 levied against directors Mark Swanepoel and Brenton Harrison. This enforcement action underscores ASIC's commitment to protecting consumers from predatory lending practices. - read more

Personal Loans Articles

Essential Steps to Take Before Applying for a Loan

Before considering a loan application, it's crucial to have a clear understanding of your current financial position. Start by noting down all sources of income, including salary, any additional earnings, or government benefits. This will give you a comprehensive view of your financial inflows. - read more

Comparing Loan Options: Strategic Thinking for the Financially Conscious Australian

As Australians navigate the complex world of finance, understanding the nuances of borrowing can make a significant difference in one’s economic well-being. Being credit-savvy is not just about securing a loan; it's about making informed decisions that align with your long-term financial goals. In this pursuit, comparing loan options emerges as a crucial step for the financially conscious Australian. - read more

The Ultimate Guide to Maintaining a Healthy Credit Score

Welcome to our ultimate guide on maintaining a healthy credit score. Whether you're just starting your credit journey or you're an experienced borrower, understanding how to keep your score high is crucial. - read more

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Knowledgebase

Payday Loan:
A short-term, high-interest loan, typically due on the borrower's next payday.

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IMPORTANT: We act solely as an introducer and refer enquiries to licensed third-party brokers, insurers, and lenders. We do not provide financial product advice or credit assistance. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should independently verify the credentials and licensing of any adviser or provider you engage. Visit the ASIC website for further information.