- New RBA Rate Rise Sharpens the Focus on Personal Loan Repayments
The Reserve Bank of Australia’s 3 November 2026 decision to lift the cash rate target by 25 basis points to 4.85 per cent gives personal loan borrowers a fresh reason to check the full cost of credit, not just the advertised interest rate.
- RBA Stability Review Shows Why Loan Buffers Still Matter
The Reserve Bank of Australia’s October 2026 Financial Stability Review offers a measured but important message for households weighing up personal loans: most borrowers remain resilient, yet pressure on budgets has not disappeared.
- Card Spending Trends Keep Personal Loan Planning in Focus
The Reserve Bank of Australia’s latest retail payments update offers another useful snapshot of how households are managing everyday spending, card use and short-term credit.
- RBA Lending Rate Update Highlights the Real Cost of Personal Borrowing
The Reserve Bank of Australia’s latest lending rate statistics are a useful reminder that personal borrowing costs can vary widely, even when the broader cash rate outlook appears steady.
- Latest Credit Signals Reinforce the Need for Careful Loan Planning
The Reserve Bank of Australia’s latest financial aggregates add another layer to an ongoing story for personal loan borrowers: consumer credit remains an important pressure point for household budgets, even as interest rate settings stay under close watch.
- What the Latest RBA Minutes Mean for Personal Loan Applicants
The Reserve Bank of Australia’s latest policy minutes have added more detail to the rate outlook, reinforcing that borrowers should not assume easier credit conditions are just around the corner.
- New Card Spending Signals Keep Pressure on Household Borrowing
Australia's latest retail payments snapshot keeps the spotlight on how households are using cards to manage everyday costs, irregular bills and discretionary spending.
- What Rising Personal Credit Means for Australian Borrowers
The Reserve Bank of Australia's latest credit figures point to a continuing theme for households: Australians are still using personal credit as budgets remain under pressure.
- What the RBA's Latest Rate Signals Mean for Personal Loan Borrowers
The Reserve Bank's latest public commentary has kept attention firmly on inflation, household spending and the outlook for interest rates.
- A2A Payments Roadmap: What Personal Loan Borrowers Should Watch
Australia’s payments system is moving into a new phase, with the Account-to-Account Payments Roundtable releasing a national vision for how bank-to-bank payments should develop.
- RBA Card Data Points to Ongoing Pressure on Household Debt
The Reserve Bank of Australia's latest retail payments figures, released on 7 July 2026, add another useful snapshot of how Australians are managing day-to-day spending and short-term debt. In May 2026, total purchases on Australian-issued cards reached $99.7 billion, with credit and charge cards accounting for $40.
- Australians Lean Further Into Personal Credit
Australia’s appetite for personal credit has shown another lift, with the Reserve Bank of Australia’s latest financial aggregates pointing to renewed momentum in May 2026. The data, released on 30 June, shows personal credit rose by 0.6 per cent over the month, up from 0.2 per cent in April.
- What ASIC’s Car Finance Review Means for Borrowers
ASIC’s latest review of the car finance market is a timely reminder that the cheapest-looking loan is not always the cheapest loan.
- RBA Fee Data Reveals a Shift in Australia’s Personal Loan Market
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.
- Surge in Personal Loans as Australians Face Cost of Living Pressures
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.
- Reserve Bank of Australia Maintains Cash Rate at 4.35%
In its June 2026 meeting, the Reserve Bank of Australia (RBA) unanimously decided to keep the cash rate steady at 4.35%. This decision reflects the central bank's cautious approach amid ongoing economic uncertainties.
- MONEYME Completes Significant $365.4 Million ABS Transaction
Fintech lender MONEYME has successfully executed a $365.4 million personal loan asset-backed securities (ABS) transaction through the MME PL ABS 2026-1 Trust. This marks the company's largest ABS transaction to date and its third public capital markets transaction for the financial year, bringing total ABS issuance to over $1 billion.
- ASIC Investigates Private Lending Sector Amid Rapid Expansion
The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the private lending sector, revealing significant inconsistencies and potential risks.
- ASIC Halts City Finance Lending's Small Amount Credit Contracts
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.
- Cigno Australia and BSF Solutions Penalised $7 Million for Unlawful Lending Practices
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.
- Understanding the RBA's Recent Rate Hike and Its Impact on Your Mortgage
On 13 February 2026, the Reserve Bank of Australia (RBA) implemented a 25 basis point increase in the cash rate, bringing it to 4.1%. This decision has significant implications for Australian borrowers, particularly those with variable-rate mortgages.
- Australians' Credit Card Spending Hits Record High: What It Means for Your Finances
In November 2025, Australians charged a record $29.9 billion to their personal credit cards, marking an increase of $757 million (3%) from the previous month and an 8% rise compared to November 2024.
- The Vital Role of Financial Counsellors in Safeguarding Australians' Financial Health
The Australian Financial Security Authority (AFSA) has recently underscored the indispensable role that financial counsellors play in protecting Australians from financial distress and insolvency. As economic challenges persist, the guidance provided by these professionals becomes increasingly vital.
- Plenti Group Reports Record Financial Performance in FY26
Plenti Group Limited, a prominent Australian fintech lender, has announced a record cash profit before tax (PBT) of $30.8 million for the fiscal year ending March 31, 2026. This figure represents a remarkable 117% increase compared to the previous year, underscoring the company's robust growth and operational efficiency.
- Australian Banks Respond to RBA's Cash Rate Increase
In response to the Reserve Bank of Australia's (RBA) recent decision to raise the national cash rate to 4.35%, Australia's major banks have announced corresponding increases in their interest rates.
- Beforepay Group's Personal Loan Originations Surge by 73%
Beforepay Group, an ASX-listed financial technology company, has reported a substantial 73% increase in personal loan originations during the third quarter of the 2026 fiscal year. This growth underscores the rising consumer demand for accessible and flexible financial solutions in Australia.
- Commonwealth Bank Achieves Record Half-Year Profit Amidst Investor Lending Boom
The Commonwealth Bank of Australia (CBA) has announced a record half-year cash profit of $5.45 billion, marking a 6% increase from the previous year.
- Beforepay Group Reports Significant Growth in Personal Loan Originations
Beforepay Group, an ASX-listed financial technology company, has reported a 73% increase in personal loan originations during the third quarter of the 2026 fiscal year. This substantial growth underscores the rising consumer demand for accessible and flexible financial solutions.
- Rising Interest Rates Contribute to Increased Mortgage Stress Among Australians
Recent interest rate hikes by the Reserve Bank of Australia (RBA) have intensified mortgage stress among Australian households. Since the beginning of the year, over 65,000 individuals have contacted the National Debt Helpline, primarily due to difficulties in meeting mortgage repayments.
- Money3 Penalised $1.55 Million for Responsible Lending Failures
The Federal Court has imposed a $1.55 million penalty on Money3 Loans Pty Ltd for breaching responsible lending obligations in providing car finance to vulnerable consumers. This ruling underscores the critical importance of adhering to responsible lending practices, especially when dealing with financially susceptible individuals.
- Cigno Australia and BSF Solutions Penalised $7 Million for Unlawful Lending Practices
The Federal Court has imposed a $7 million fine on Cigno Australia and BSF Solutions for operating an illegal payday lending scheme that violated Australian credit laws. This significant penalty highlights the ongoing efforts to protect consumers from predatory lending practices.
- Latitude Financial Faces $3.96 Million Fine for Repeated Spam Law Violations
Latitude Financial has recently been fined $3.96 million by the Australian Communications and Media Authority (ACMA) for breaching spam laws by sending over 2.3 million marketing messages without accurate contact information and 344,416 messages lacking a functional unsubscribe option.
- ASIC Highlights Concerns in Private Lending Sector
The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of the private lending sector, revealing significant inconsistencies and potential risks.
- Regulators Focus on Non-Bank Lenders Amid Rising Popularity
As more Australians turn to non-bank lenders for property loans, the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) have intensified their scrutiny of this rapidly growing sector.
- Rate Money Introduces Competitive Rate Adjustments Amid Industry Increases
In a financial landscape where many lenders are raising variable interest rates by 25 basis points in response to the Reserve Bank of Australia's recent rate hikes, Rate Money has taken a different approach.
- Personal Loans Emerge as Key Tool for Financial Control Amid Rising Expenses
As Australians grapple with escalating household expenses and record-high credit card interest rates, personal loans are increasingly being utilized as a strategic tool for financial management. Recent analysis from Experian indicates a growing trend among consumers to leverage fixed-rate personal loans to consolidate debt and manage finances more effectively.
- APRA's John Lonsdale Addresses Australia's Financial Vulnerabilities
In a recent address at the 2026 AFR Banking Summit, John Lonsdale, Chair of the Australian Prudential Regulation Authority (APRA), shed light on the inherent vulnerabilities within Australia's financial system. He emphasised that certain characteristics of the nation's economy and banking sector render it susceptible to global economic disturbances.
- Australia's Alternative Lending Market Poised for Significant Growth
The alternative lending sector in Australia is on a trajectory of substantial growth, with projections indicating an expansion to $33.58 billion by 2029. This represents a compound annual growth rate (CAGR) of 13.3% from 2026 to 2029, building upon a robust performance in the preceding years.
- Technological Innovations Transforming Australia's Mortgage Sector
The Australian mortgage industry is undergoing a significant transformation, driven by rapid technological advancements. As customer expectations shift towards instant, digital-first experiences, many lenders are recognising the need to modernise their operations to remain competitive.
- Rate Money Introduces Competitive Rates and Refinance Options for Self-Employed Australians
In a financial landscape where many lenders are raising variable interest rates by 25 basis points in response to the Reserve Bank of Australia's recent rate hikes, Rate Money has taken a different approach.
- Australian Personal Loan Applications See Significant Uptick
Recent data from Equifax's Consumer Market Pulse for Q4 2025 reveals a notable increase in personal loan applications across Australia. The report indicates an 8.9% rise in personal loan demand compared to the same period in 2024, reflecting a growing reliance on unsecured credit among consumers.
- Rising Personal Insolvencies in Australia Linked to Excessive Borrowing
The Australian Financial Security Authority (AFSA) has reported a 5.3% annual increase in personal insolvencies, marking the third consecutive year of growth in this area. This trend highlights the mounting financial strain faced by many Australians, with excessive borrowing identified as the primary cause.
- IMB Bank Recognised as Australia's Leading Personal Loan Provider in 2026
In a significant achievement, IMB Bank has been named Australia's Best Personal Loan lender for 2026 by Mozo, a leading financial comparison platform. This marks the second consecutive year that IMB Bank has secured this prestigious title, underscoring its consistent commitment to providing exceptional value in personal lending.
- APRA's New Debt-to-Income Cap Aims to Curb High-Risk Mortgage Lending
The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks associated with high debt-to-income (DTI) mortgage lending.
- Record Surge in Investor Lending Raises Regulatory Concerns
Recent data from the Australian Prudential Regulation Authority (APRA) indicates a significant surge in investor lending, with new investment loans totalling $72 billion in the September quarter of 2025. This marks a 12% increase from the previous quarter, highlighting a robust appetite among investors for property acquisitions.
- ASIC's Review Uncovers Risks in Private Lending Industry
The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the private lending sector, revealing significant inconsistencies and potential risks.
- Record Surge in Investor Lending Raises Regulatory Concerns
Recent data from the Australian Prudential Regulation Authority (APRA) indicates a significant surge in investor lending, with new investment loans totaling $72 billion in the September quarter of 2025. This marks a 12% increase from the previous quarter, highlighting a robust appetite among investors for property acquisitions.
- Rising Consumer Credit Demand Reflects Economic Confidence
The latest Consumer Market Pulse report from Equifax for Q4 2025 reveals a notable increase in consumer credit demand across Australia. Mortgage enquiries have risen by 12.3% compared to the same period in the previous year, marking the most significant growth in mortgage demand observed since 2021.
- Reserve Bank of Australia Increases Cash Rate to 3.85%
The Reserve Bank of Australia (RBA) has raised the official cash rate by 0.25 percentage points to 3.85%, marking the first increase in two years. This decision comes in response to rising inflation and aims to curb escalating consumer prices.
- Rate Money Introduces Competitive Rate Adjustments Amid Industry Increases
In a move that sets it apart from major lenders, non-bank lender Rate Money has announced a modest increase in its variable interest rates by only 15 to 20 basis points on select loan products.
- Australian Personal Loan Borrowing Reaches Record Levels
Recent data reveals that Australians borrowed approximately $9.3 billion in fixed-term personal loans during the September quarter of 2025, marking a significant increase in personal loan borrowing. The average new personal loan amount stood at $22,643, reflecting a growing reliance on personal loans for various financial needs.
- IMB Bank Recognised as Australia's Leading Personal Loan Provider in 2026
In a significant achievement, IMB Bank has been named Australia's Best Personal Loan lender for 2026 by Mozo, a leading financial comparison platform. This marks the second consecutive year that IMB Bank has secured this prestigious title, underscoring its consistent commitment to providing exceptional value in personal lending.
- APRA's New Debt-to-Income Cap Aims to Curb High-Risk Mortgage Lending
The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks associated with high debt-to-income (DTI) mortgage lending.
- Record Surge in Investor Lending Reaches $72 Billion in September Quarter
In the September quarter of 2025, investor lending in Australia reached an unprecedented $72 billion, marking a significant 12% increase from the previous quarter. This surge reflects a growing appetite among investors for property acquisitions, driven by favorable market conditions and competitive lending rates.
- Australian Mortgage Demand Surges Amidst Refinancing Boom
In July 2025, Australia witnessed a significant uptick in mortgage demand, marking a 6.4% increase compared to the same month in 2024. This surge is primarily driven by a notable rise in refinancing activities, which accounted for 36.2% of total mortgage enquiries during the period.
- Australian Business Lending Sees Robust Growth in June 2025
In June 2025, Australia's non-financial business lending reached a record $1.14 trillion, reflecting a 9.2% increase compared to the same month in 2024. This growth rate nearly doubles that of housing credit, which expanded by 5.6% year-on-year, highlighting a renewed appetite for corporate borrowing.
- Australia's Mobile Wallet Payments Exceed $160 Billion in 2025
In the year leading up to July 2025, Australians conducted over $160 billion in mobile wallet payments, marking a substantial shift towards digital banking.
- Introducing 'Wealth': The Australian's New Personal Finance Hub
The Australian has unveiled 'Wealth', a dedicated digital-first section designed to assist Australians in making informed financial decisions. This initiative reflects the publication's commitment to providing comprehensive coverage on personal finance topics, including investment strategies, superannuation, retirement planning, and property investment.
- Beware: Scammers Posing as ASIC to Extract Payments
The Australian Securities and Investments Commission (ASIC) has issued a warning to the public regarding a surge in scams where fraudsters impersonate the commission. These scammers are contacting individuals via emails and text messages, falsely claiming that a payment is required to release funds or assets.
- Australian ETF Market Achieves Record $309.3 Billion Valuation
Australia's exchange-traded fund (ETF) industry has experienced significant growth, increasing by $63 billion since the start of the year to reach a total valuation of $309.3 billion by the end of September 2025. This milestone reflects the growing popularity of ETFs among Australian investors seeking diversified and cost-effective investment options.
- Rising Trend: Australians Using Personal Loans for Winter Getaways
As the Australian winter sets in, many individuals are seeking warmer climates overseas. However, a growing number are financing these trips through personal loans, a trend that has sparked discussions about its financial prudence.
- Australia's Private Credit Market Reaches $200 Billion Milestone
Australia's financial landscape is witnessing a significant shift with the expansion of the private credit market, now valued at approximately $200 billion as of the end of 2024. This growth reflects a global trend where non-bank institutions are increasingly providing direct loans to businesses, offering alternatives to traditional banking channels.
- Rate Money Surpasses $10 Billion in Loans, Eyes Further Expansion
Rate Money, an Australian non-bank lender specializing in loans for self-employed individuals, has achieved a significant milestone by surpassing $10 billion in loans. Founded in 2019, the company has rapidly expanded its footprint in the financial services sector.
- Understanding APRA's New Cap on High Debt-to-Income Loans
The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating financial risks associated with high debt-to-income (DTI) loans. Effective from 1 February 2026, APRA will implement a 20% cap on new loans where the borrower's debt exceeds six times their income.
- Housing Costs Continue to Top Financial Concerns for Australians in 2026
According to Canstar's latest Consumer Pulse Report, the cost of housing remains the foremost financial concern for Australians as they head into 2026. Despite three cash rate cuts in the past year, 21% of Australians identify housing expenses, including mortgages and rents, as their primary financial worry.
- The Rise of Digital Lenders in Australia's Personal Loan Market
The Australian personal loan market is undergoing a significant transformation, with digital lenders now accounting for over 40% of new loan originations. This shift is driven by the rapid digitalisation of loan processes, offering borrowers faster approvals and broader eligibility criteria.
- CommBank Sees Fivefold Increase in Online Home Loan Applications
The Commonwealth Bank of Australia (CommBank) has reported a significant surge in online home loan applications, with figures showing a fivefold increase over the year leading up to September 2025. This trend underscores a growing preference among Australian borrowers for digital channels when seeking mortgage solutions.
- ANZ Adjusts House Price Growth and Interest Rate Predictions
ANZ Bank has updated its forecasts for the Australian housing market, projecting faster house price growth and delaying expectations for interest rate cuts.
- Investor Lending Surges to Eight-Year High in Australia
Recent data indicates a significant resurgence in property investor activity within the Australian mortgage market. In the three months leading up to June 2025, investors accounted for 38% of all new loans written for property purchases, marking the highest level in nearly eight years.
- Australian Mortgage Refinancing Hits Record Highs Amid Rising Arrears
Recent data from Equifax indicates a significant surge in mortgage refinancing across Australia, coinciding with a rise in arrears, especially among borrowers with substantial home loans. This trend underscores the financial pressures many Australians are currently facing.
- Digital Lenders Revolutionise Australia's Personal Loan Landscape
The Australian personal loan market is undergoing a significant transformation, with digital lenders now accounting for over 40% of new loan originations. This shift is driven by the rapid digitalisation of loan processes, offering borrowers faster approvals and broader eligibility criteria.
- Surge in Personal Loans for Home Renovations Among Australian Homeowners
Australian homeowners are increasingly turning to personal loans to fund home renovations, reflecting a growing preference to upgrade properties amid high housing costs and strong demand for home improvements.
- APRA's New Cap on High Debt-to-Income Home Loans: What Borrowers Need to Know
The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at curbing potential risks in the housing market. Effective February 2026, APRA will implement a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending portfolios.
- Afterpay Users Advised to Close Accounts for Mortgage Approval: A Closer Look
Afterpay, a leading Australian buy-now-pay-later (BNPL) provider, has raised concerns over certain banking practices affecting its users. Reports indicate that some customers were advised to close their BNPL accounts to qualify for mortgages, only to be subsequently offered credit cards by the same financial institutions.
- Australia's Big Four Banks Shift Away from Mortgage Brokers: What It Means for Borrowers
Australia's major banks—Commonwealth Bank of Australia (CBA), National Australia Bank (NAB), Westpac, and ANZ—are undergoing a strategic shift by reducing their reliance on mortgage brokers. This move aims to protect profit margins in the face of low interest rates, rising operational costs, and intense competition in the home loan market.
- October 2025 Sees Significant Rise in Australian Household Spending
In October 2025, Australian household spending experienced a notable increase of 1.3%, reaching A$78.4 billion. This marks the most substantial monthly rise in nearly two years, as reported by the Australian Bureau of Statistics.
- APRA's New Cap on High Debt-to-Income Home Loans: What Borrowers Need to Know
In a proactive move to address potential risks in the housing market, the Australian Prudential Regulation Authority (APRA) has announced a new policy set to take effect in February 2026.
- Rising Personal Debt Levels Among Australians: Insights from Canstar's 2025 Survey
Recent findings from a national survey conducted by financial comparison site Canstar reveal a concerning trend in Australia's personal debt landscape. While the proportion of Australians holding non-property-related personal debt has decreased, those who do carry such debt are facing higher average amounts.
- APRA's New Cap on High Debt-to-Income Home Loans: What Borrowers Need to Know
The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at curbing potential risks in the housing market. Effective February 2026, APRA will implement a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending portfolios.
- Commonwealth Bank's Q1 Profit Growth: Balancing Volume and Margin Challenges
The Commonwealth Bank of Australia (CBA), the nation's largest lender by market value, has reported a modest increase in its first-quarter cash profit, reaching approximately A$2.6 billion—a 2% rise from the previous year.
- Australians Tighten Budgets to Enhance Home Loan Eligibility
In response to stringent lending criteria, a significant number of Australians are actively reducing their spending and personal debt to improve their chances of securing or refinancing home loans. A recent survey conducted by Finder, involving over 1,000 participants, revealed that 18%—approximately 3.
- Australians Seek Financial Guidance on Social Media Amid Cost of Living Pressures
As the cost of living continues to rise across Australia, many individuals are turning to social media platforms for financial advice. This trend has sparked concerns among financial experts about the reliability and accuracy of the information being disseminated online.
- The Australian Unveils 'Wealth' Section to Guide Smarter Financial Choices
In a move to support Australians in making informed financial decisions, The Australian newspaper has launched a new digital-first section titled 'Wealth.' This initiative aims to provide comprehensive coverage on personal finance topics, including investment strategies, superannuation, retirement planning, and property investment.
- Surge in Home Loan Refinancing as Australians Seek Better Mortgage Deals
Recent interest rate cuts by the Reserve Bank of Australia have led to a significant increase in home loan refinancing among Australian homeowners. Data indicates that over 1,000 mortgages are being refinanced daily, as borrowers seek to take advantage of lower rates and reduce their loan repayments.
- Government Implements 20% Reduction in Student Loans to Alleviate Living Costs
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.
- Westpac's RAMS Financial Group Penalized A$20 Million for Home Loan Misconduct
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.
- ANZ Group Reports Positive Growth in Deposits and Loans for Q3 2025
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.
- Beware: Scammers Posing as ASIC to Extract Payments
The Australian Securities and Investments Commission (ASIC) has issued a warning to the public regarding a surge in scams where fraudsters impersonate the commission. These scammers are contacting individuals via emails and text messages, falsely claiming that a payment is required to release funds or assets.
- Australians Embrace Personal Loans to Fund Home Improvements
Recent data indicates a significant uptick in Australians utilizing personal loans to finance home renovations. This trend is particularly pronounced in Victoria and New South Wales, where homeowners are leveraging these loans to enhance their properties.
- Investment in Large-Scale Battery Storage Soars Amid Australia's Renewable Energy Expansion
Australia's ambitious goal to achieve 82% renewable energy by 2030 has catalyzed a significant surge in investments in large-scale Battery Energy Storage Systems (BESS). This strategic move aims to address the challenges posed by the rapid expansion of solar and wind infrastructure and the phased closure of coal-fired power plants.
- CBA's Loan Practices Under Scrutiny Amid Problem Gambler Case
The Commonwealth Bank of Australia (CBA) is currently under scrutiny for issuing personal loans totaling approximately $13,500 to an individual identified as a problem gambler.
- Rate Money's New Offer: Lower Rates for Self-Employed Australians
In a move to support self-employed Australians facing increasing operational costs, non-bank lender Rate Money has announced significant reductions in interest rates across its 'Evolve Easy Doc' loan range. Effective from June 30, 2025, these adjustments aim to provide more affordable financing options for small business owners and independent professionals.
- Beforepay's New Personal Loan: A Safe and Affordable Option for Australians
Beforepay Group Limited, an ethical-lending fintech company, has announced the launch of its new personal loan product, marking a significant expansion in its suite of financial services. This initiative aims to provide Australians with safe and affordable borrowing options, particularly for those seeking larger loan amounts over extended periods.
