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Personal Loans Articles

How to Communicate with Lenders During Financial Hardship
How to Communicate with Lenders During Financial Hardship
Financial hardship occurs when an individual is unable to meet their financial obligations due to a variety of circumstances. This could stem from a loss of income, unexpected expenses, or rising living costs that outweigh financial resources. - read more
Top Mistakes to Avoid When Applying for a Loan
Top Mistakes to Avoid When Applying for a Loan
Applying for a loan can be a daunting process, filled with numerous requirements and potential pitfalls. However, avoiding mistakes is crucial to boost your chances of approval and secure the best possible terms. Making errors during your application can lead to unnecessary delays, higher interest rates, or even denial. - read more
Personal Loan Pitfalls: How to Avoid Common Mistakes in Loan Comparisons
Personal Loan Pitfalls: How to Avoid Common Mistakes in Loan Comparisons
When considering personal finance in Australia, personal loans are a handy resource for achieving various financial goals, from consolidating debt to funding a major purchase. Yet, it's essential to approach this financial tool with caution and understanding. Proper comparison of personal loans can be the difference between a financial stepping stone and a stumbling block. - read more

Finance News

What ASIC’s Car Finance Review Means for Borrowers
What ASIC’s Car Finance Review Means for Borrowers
02 Jul 2026: Paige Estritori
ASIC’s latest review of the car finance market is a timely reminder that the cheapest-looking loan is not always the cheapest loan. Released on 24 June 2026, the regulator’s Report 832 examined more than 350,000 car loans across eight finance providers and found concerns around loan costs, third-party distribution and how lenders monitor outcomes for customers. - read more
RBA Fee Data Reveals a Shift in Australia’s Personal Loan Market
RBA Fee Data Reveals a Shift in Australia’s Personal Loan Market
25 Jun 2026: Paige Estritori
The latest Reserve Bank update on bank fees has provided a useful signal for Australians weighing up personal loans, credit cards and other forms of borrowing. While bank fee revenue from households rose by 7 per cent over the year to June 2025, fee revenue from personal loans moved the other way, falling by 19 per cent. That contrast matters because borrowing demand and the actual cost structure of loans do not always move in the same direction. - read more
Surge in Personal Loans as Australians Face Cost of Living Pressures
Surge in Personal Loans as Australians Face Cost of Living Pressures
11 Jun 2026: Paige Estritori
In the first quarter of 2026, Australians borrowed a record $5.1 billion in new personal loans, according to the Australian Bureau of Statistics. This significant increase reflects the mounting financial pressures many individuals are experiencing due to rising living costs. - read more

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Credit Utilization:
The amount of credit you are using compared to the amount of credit available to you, typically expressed as a percentage.