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Jumbo Loan:
A mortgage loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA).
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Unsecured personal loans

Interest rates for unsecured loans are typically higher than for secured loans. Repayment terms for personal loans can range from as little as 6 months for short-term finance up to 5 years or more. Interest rates will also vary dramatically for personal loans depending on the loan term, the amount of the loan as well as the individual circumstances of the applicant. Whilst loans of $5000 or more for an applicant with a good credit history over a term of 3 years or more may be available for as little as 15% per annum or less, small, short term loans can attract comparative rates as high as 36% including fess and charges - depending on the circumstances of the applicant. For example, a $1000 loan over 6 months could require a fortnightly repayment of as much as $96.92.
Secured loans such as home loans, car loans, etc. are usually a much cheaper finance option. The interest rate will be different depending on what you are financing. For example, home loan interest rates will be typically lower than for a car, boat, caravan or truck loan.

Finance Articles

Creating a Bulletproof Budget: Tips for Australians Juggling Debts Creating a Bulletproof Budget: Tips for Australians Juggling Debts
Creating a sturdy financial foundation is essential for Australians navigating the often turbulent waters of debt. A bulletproof budget does more than just track expenses; it acts as a buffer against unexpected financial downturns and provides a clear path toward financial freedom. Comprehending the full weight of this importance is the first step to turning one's financial destiny around. - read more
How to Improve Your Chances of Getting a Business Loan Approved How to Improve Your Chances of Getting a Business Loan Approved
Welcome, Australian entrepreneurs and business owners! Whether you're just setting down the foundation of a startup or steering a well-established enterprise, access to capital remains a critical ingredient for business growth and survival. In the bustling economy of Australia, a well-structured business loan can be the catalyst that propels your business forward, aiding in expansion, the acquisition of new equipment, or simply ensuring smooth operational cash flow during lean periods. - read more
Debt Consolidation: How to Streamline Your Finances with a Personal Loan Debt Consolidation: How to Streamline Your Finances with a Personal Loan
Debt consolidation is a strategy often utilized by individuals seeking to take control of their financial health. At its core, debt consolidation involves combining multiple debts into a single, more manageable loan, typically with more favorable terms such as a lower interest rate or a longer repayment period. - read more
An Insider's Guide to Enhancing Your Credit Profile for Any Loan An Insider's Guide to Enhancing Your Credit Profile for Any Loan
Having a robust credit profile is one of the most critical factors for financial health, especially when seeking loans in Australia. Whether you're eyeing a new car, dreaming of a home or simply want to secure a personal loan for unexpected expenses, your credit score often dictates the outcome. Not only does it influence a lender's decision to offer you finance, but it also affects the interest rates you might be charged. - read more
The Ultimate Car Loan Checklist for First-Time Borrowers in Australia The Ultimate Car Loan Checklist for First-Time Borrowers in Australia
Welcome to the world of car ownership! If you're a first-time borrower in Australia, you're likely to feel a mix of excitement and apprehension. Acquiring a car loan is a significant financial responsibility, and navigating through the options can be daunting. This introductory guide is designed to set you on the right path to making a well-informed decision. - read more
Online Loan Application Essentials: What to Know Before You Click Submit Online Loan Application Essentials: What to Know Before You Click Submit
Welcome to the digital age, where online loans in Australia offer convenience and accessibility like never before. With a few clicks, financing for your next big purchase or consolidation of existing debts is at your fingertips. However, venturing into the world of online lending without a compass can leave you navigating choppy waters. - read more
Finance News

Mortgage Crisis: 40% of Australian Homeowners Under Pressure Mortgage Crisis: 40% of Australian Homeowners Under Pressure
09 Sep 2024: Paige Estritori

A recent study has uncovered that an alarming number of Australian households are grappling with mortgage burdens, as over 1.4 million families find themselves in financial distress. This amounts to more than 40% of current home loan holders, according to new data from Finder, a consumer finance comparison service. - read more
Contactless Revolution: The Decline of Cash Among Tradies Contactless Revolution: The Decline of Cash Among Tradies
07 Sep 2024: Paige Estritori

Australia is embracing a cashless economy, a trend that is significantly reshaping how tradespeople, or 'tradies,' handle transactions in their day-to-day operations. - read more
RBA Remains Cautious Despite Economic Slowdown RBA Remains Cautious Despite Economic Slowdown
06 Sep 2024: Paige Estritori

Borrowers expecting a reduction in interest rates due to sluggish economic growth might have to wait longer, as the Reserve Bank of Australia (RBA) prioritizes inflation management. - read more