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Personal Loans Articles

Is Refinancing Your Personal Loan Right for You? Weighing the Benefits and Drawbacks
Is Refinancing Your Personal Loan Right for You? Weighing the Benefits and Drawbacks
Have you ever heard the term loan refinancing and wondered what it actually means? Simply put, refinancing a loan involves replacing your current loan with a new one, typically to take advantage of better terms, such as lower interest rates or different repayment conditions. - read more
How to Improve Your Credit Score for Personal Loan Approval
How to Improve Your Credit Score for Personal Loan Approval
Understanding what a credit score is and its importance is crucial for anyone seeking a personal loan. A credit score is a numerical representation of your creditworthiness, typically ranging from 0 to 1200 in Australia, provided by credit reporting agencies. - 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

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
Discount Rate:
The interest rate used to determine the present value of future cash flows, often used in discounted cash flow analysis.