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Personal Loans Articles

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
Pre-Approval Loans: How They Work and Why They Matter
Pre-Approval Loans: How They Work and Why They Matter
A pre-approval loan is an agreement between a lender and a borrower indicating how much the lender is willing to lend to the borrower, subject to certain conditions. - 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

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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Knowledgebase
Loan-to-Value Ratio (LTV):
A ratio that compares the value of the loan to the market value of the property securing the loan.