Are interest rates going up or down?

Secured and unsecured personal loans

A personal loan is a tried and trusted way to finance a large purchase or consolidate and pay-off debts. There are two main types of personal loan – secured and unsecured. The purpose of your loan will determine which type of loan you need to apply for.


EOFY – a great time to check on your savings
It’s tax time and you need to tell the tax office how much interest you have earned on your savings. This is a great time to compare the performance of your savings account and term deposits against others in the market.


What is a balance transfer credit card?

A balance transfer credit card is an increasingly popular way to pay down credit card debt and avoid interest. A balance transfer deal offers a low or zero rate of interest for a set period of time – typically between four and 18 months – on balances transferred to the credit card at the time of application.


Are interest rates going up or down in 2016?

The Reserve Bank of Australia has left official interest rates unchanged for July at 1.75 per cent. The average standard variable mortgage rate in Australia right now is 4.83 per cent p.a. The lowest standard variable mortgage rate in the market right now is 3.63 per cent. Some economists are predicting a 0.25 percentage point rate cut in August 2016, after quarterly CPI and employment data is released. However borrowers can secure their own massive rate cut by moving from an average mortgage to a low rate mortgage.

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