How to get a fast, online personal loan today

If you’re looking for a personal loan then applying for one online could make the whole process quicker and easier. Online loan applications are not [...]

POSTED ON February 10, 2020
What is a notice saver account?

Notice saver accounts are a fairly new product to the Australian savings account scene. They’re a handy hybrid of term deposits and on-call savings accounts. [...]

POSTED ON August 19, 2019
Fast Loans for Small Business

With many business loans, you might find that the turnaround time for your application can be anything from a few days to a few weeks. [...]

POSTED ON August 5, 2019
How does Virgin Velocity points scheme work?

The Qantas Frequent Flyer program may be a household name in Australia, but Virgin’s Velocity program gives it a serious run for its money. Qantas [...]

POSTED ON July 18, 2019
Banks want switching to be simpler

The Australian Payments Clearing Association has issued a discussion paper on reforms that would make it easier for consumers to switch bank accounts. The changes [...]

POSTED ON November 20, 2007
Card switching can catch up with you

Credit card issuers have become more wary of "rate tarts" who shift card balances around to take advantage of introductory low rate offers according to [...]

POSTED ON November 19, 2007
Costello ridicules financial services plan

The federal Treasurer Peter Costello has rubbished the Labor Party's plans to turn Australia into an international fund manager by reducing withholding tax on distributions [...]

POSTED ON November 19, 2007
Seventh rate rise in the pipeline

Borrowers may well face a further interest rate rise in the early part of 2008, that is the most likely scenario arising out of the [...]

POSTED ON November 16, 2007
Temporary fall for margin loans

Margin loan balances dropped slightly from $36.2 billion in the June quarter to $35.9 billion in the September quarter as investors pulled out of a [...]

POSTED ON November 16, 2007
Tax burden greater than reported

Former Treasury official Greg Smith has disputed the government's claim that Australia is a relatively low-taxing country. Mr Smith said that even with $7 billion [...]

POSTED ON November 15, 2007
Boom has at least another two years to run

A group of Australia's leading economists have tipped that the current economic boom will continue for at least two more years. At a meeting yesterday [...]

POSTED ON November 15, 2007
Funding costs drive up margin loan rates

Banks and credit unions are starting to pass their increased funding costs to consumers although mainly on margin loans and only some mortgage products while [...]

POSTED ON November 15, 2007
Brisbane to more than double in 50 years

Sydney is expected to remain Australia's largest city for at least the next 50 years according the Australian Bureau of Statistics. Assuming high levels of [...]

POSTED ON November 14, 2007
Macquarie says second half to be weaker

Macquarie Group has announced a profit of $1 billion for the first six months of the year while warning that the second half performance may [...]

POSTED ON November 14, 2007
US banks agree on $US75 billion bailout fund

Three major US banks (Bank of America, Citigroup Inc and JP Morgan Chase & Co) are believed to have reached agreement late Friday, approving a [...]

POSTED ON November 12, 2007
Borrowers: Watch your lender closely

No surprise in the Reserve Bank's decision to raise interest rates this week, but the spectre of further rate hikes to come in the next [...]

POSTED ON November 9, 2007
CUA members profit with the company

Credit Union Australia (CUA) has recorded a net profit of more than $48 million over the 2006/07 financial year, with assets under management increasing to [...]

POSTED ON November 9, 2007
Pressure on construction costs

Surging business investment is expected to increase construction costs with private sector capital investment up by 14 per cent in the September quarter to $535.5 [...]

POSTED ON November 7, 2007
Job ads boom as firms hunt for staff

The number of jobs being advertised in October increased 2.7 per cent to an average of 254,554 per week, while the total number of job [...]

POSTED ON November 6, 2007
ASX lists CFD’s

The Australian Stock Exchange will today be the first in the world to trade listed contracts for difference (CFD's). Unlisted CFD's have been used in [...]

POSTED ON November 5, 2007
ALP offers tax breaks for house deposits

The Labor Party yesterday outlined its $600 million policy to help improve housing affordability. If elected, a Labor government would help people to save the [...]

POSTED ON November 5, 2007
Credit code changes could limit bank fees

Banks, credit unions and other lenders are opposing amendments to the Consumer Credit Code that are aimed at cracking down on payday lenders. The proposed [...]

POSTED ON November 5, 2007
Y can’t I afford a home?

Generation Y, broadly defined as those aged between 20 and 30, are being squeezed out of the property market by a combination of their own [...]

POSTED ON November 5, 2007
Borrowers desert RAMS

Mortgage brokers are reporting a high volume of borrowers with RAMS Home Loans looking to refinance with other lenders and many are showing a preference [...]

POSTED ON November 5, 2007
Pace of super switching slows

The number of people using the legislation introduced 5 years ago to allow switching of superannuation funds is dwindling. Research company Roy Morgan reports that [...]

POSTED ON November 5, 2007
Case for Cup Day rate rise strengthens

As if the risk of another hike in official interest rates wasn't already high after last week's inflation figures, latest economic data suggests there is [...]

POSTED ON November 2, 2007
Tough new rules for investment schemes

The Australian Securities and Investments Commission has moved to protect consumers by introducing new rules for issuers of unlisted debentures. As debts from losses on [...]

POSTED ON November 2, 2007
Credit growth increases rate pressure

The Reserve Bank of Australia has reported that the total value of credit to the private sector was up by 1.2 per cent, contributing to [...]

POSTED ON November 1, 2007
Owning a home gets tougher

New data from the Australian Bureau of Statistics shows that home owners with mortgages paid an average of 20 per cent of their gross income, [...]

POSTED ON November 1, 2007
ANZ pressures wealth venture

While the ANZ Bank may be frustrated about its relative weakness in the wealth management market, its joint venture with ING Australia is likely to [...]

POSTED ON October 31, 2007
Super funds brush off market turmoil

Despite one of the most turbulent quarters in memory, the average superannuation fund managed to generate a return of 2.01 per cent for the three [...]

POSTED ON October 31, 2007
Adelaide to expand funding sources

Bendigo Bank will seek to broaden the funding base of its merger partner Adelaide Bank to reduce the impact of global credit availability on Adelaide's [...]

POSTED ON October 30, 2007
Wide Bay outbids Bank of Queensland

Building society Wide Bay Australia has trumped the Bank of Queensland's takeover bid for Mackay Permanent Building Society. Wide Bay had originally offered MPBS a [...]

POSTED ON October 30, 2007
Westpac staff fight sales pressure

With talks on a new wages agreement between Westpac and the Financial Sector Union due to commence, the bank's staff are pushing for the right [...]

POSTED ON October 29, 2007
Case builds for rate rise next week

Rising oil prices are adding to pressure on the Reserve Bank to increase the official cash rate when it meets next week. With tensions between [...]

POSTED ON October 29, 2007
No plan means low growth for SME’s

A survey has found that 74 per cent of small businesses do not have a business plan, citing a lack of time, assistance and being [...]

POSTED ON October 29, 2007
Cost blowout increases tension at ANZ

At an internal meeting on Friday the new chief of ANZ Bank, Michael Smith, heavily criticised some of the bank's most senior executives after a [...]

POSTED ON October 29, 2007
Howard and Costello warn RBA

In an attempt to prevent a rate rise in November Prime Minister John Howard and Treasurer Peter Costello have reminded the Reserve Bank of a [...]

POSTED ON October 26, 2007
Strong growth in ANZ result

Personal banking has contributed $1.442 billion to the ANZ Bank's profit result for the year to September, an increase of 16 per cent over the [...]

POSTED ON October 26, 2007
Investors not happy with ANZ

Investors hammered ANZ's share price following the bank's profit announcement yesterday despite reporting a 13.3 per cent rise in annual profit to a record of [...]

POSTED ON October 26, 2007
Banks and government disagree over rates

On the election trail Prime Minister John Howard and Treasurer Peter Costello continue to argue that there is no reason for Australian banks to increase [...]

POSTED ON October 26, 2007
Home borrowers hit by 37.5% increase in rates

Analysis conducted by InfoChoice shows that Australian mortgage borrowers have seen their home loan interest bill rise by more than 37 per cent over the [...]

POSTED ON October 26, 2007
Early Termination Fee

An early termination fee may be charged by a lender if you refinance or otherwise payout your loan within a specified period, usually limited to [...]

POSTED ON October 26, 2007
Quick fix would save money

If the Reserve Bank does increase rates by 0.25 per cent at its next meeting in November repayments on a mortgage of $500,000 will increase [...]

POSTED ON October 25, 2007
Costello wants more competition on fees

Banks have been asked to reduce their fees by the Treasurer, Peter Costello. With the costs of deposit and loan facilities increasing by 2.2 per [...]

POSTED ON October 25, 2007
Variable Rate Loans are just that – Variable

Recent comments from leading Australian banks that variable rate home loans may be forced to increase beyond or outside of any Reserve Bank movements have [...]

POSTED ON October 24, 2007
Tax Office warns on super rules

The tax office has warned that the 8 per cent of superannuation funds that still do not having a tax file number attached will be [...]

POSTED ON October 24, 2007
IWL confirms support for CBA offer

Online broker IWL has had an independent expert review the Commonwealth Bank's $350 million takeover offer to see if it is still fair after posting [...]

POSTED ON October 24, 2007
Property valuations vital

When considering buying or selling a property there are several ways to work out how much it is worth apart from looking at prices for [...]

POSTED ON October 24, 2007
Inflation hike heralds election rate rise

The chances of an unprecedented election campaign interest rate rise are now very high after quarterly CPI figures released today show underlying inflation breaching the [...]

POSTED ON October 24, 2007
Ex-CBA chief supports four pillars

The former chief of the Commonwealth Bank, David Murray, has said that the industry had not yet articulated a case that the abolition of the [...]

POSTED ON October 23, 2007
Middle-class not so stressed

The Australia Institute says that mortgage stress is overstated and, rather than struggling financially, most Australian families are doing "very well". A study conducted by [...]

POSTED ON October 23, 2007
Sharemarket in for a bumpy ride

Friday was the 20th anniversary of the 1987 sharemarket crash and Wall Street was hit with the biggest losses in 2 months, prompting concerns that [...]

POSTED ON October 22, 2007
Duelling tax policies

The battle of the tax cuts is heating up with Labor announcing its policy on Friday followed by the Treasurer, Peter Costello, responding with additions [...]

POSTED ON October 22, 2007
Less people able to save

An ING Direct-Melbourne Institute survey of 1,200 households has found that the proportion of families able to save has fallen from 54 per cent one [...]

POSTED ON October 19, 2007
CPI figures: Crunch time for interest rates

The chance of another interest rate rise before Christmas remains a possibility, and hangs very much on the release of the September quarterly inflation figures [...]

POSTED ON October 19, 2007
No deductions for agricultural schemes

The Australian Tax Office has reconfirmed its view that investments in agricultural schemes are of a capital nature and therefore are not tax deductible. The [...]

POSTED ON October 18, 2007
Care needed when choosing debentures

The Australian Securities and Investments Commission has warned investors to be cautious, particularly with risky, offshore products, after New Zealand company Asset Finance advertised debenture [...]

POSTED ON October 17, 2007
Labor land release much like Coalition’s

The Labor leader Kevin Rudd has again been accused of stealing the Coalition's policies after yesterday announcing that, if elected, Labor would release surplus commonwealth [...]

POSTED ON October 17, 2007
Now not the time to buy shares

During the worst of the sharemarket correction in August, calls on margin loans hit their highest point in six years. Most were able to make [...]

POSTED ON October 17, 2007
Booming economy may push up rates

The mid-year budget update, brought forward from Christmas Eve to yesterday for the election, shows that the government has $59 billion more to spend than [...]

POSTED ON October 16, 2007
PM pledges tax cuts for all

The Prime Minister John Howard yesterday fired the first salvo of the election campaign by promising to cut taxes by $34 billion over the next [...]

POSTED ON October 16, 2007
Non-bank lenders say they are the cheapest

While the big banks have been bragging about their relative insulation from the effects of the global credit squeeze Challenger Financial, which funds a range [...]

POSTED ON October 16, 2007
Sharemarket pushes higher but is it overheated?

The Australian sharemarket is expected to move further into record territory today following a strong session on Wall Street on Friday with the Dow Jones [...]

POSTED ON October 15, 2007
Jobless rate falls to 33 year low

The good news on unemployment with the national jobless rate falling to 4.2 per cent is tinged, with a bitter twist for Australian borrowers as [...]

POSTED ON October 12, 2007
Bank Of Queensland profits up 22 per cent

Bank of Queensland has beat expectations reporting a 22 per cent increase in profits and expressing confidence that the bank will see off the global [...]

POSTED ON October 12, 2007
Jobs high may bring rate rise nearer

The news of unemployment slipping to a new 32-year low is further good news for the economy and John Howard, but not so good for [...]

POSTED ON October 12, 2007
Branch banking leaps into 21st century

BankWest is not the only one giving branch banking a make-over with the Commonwealth Bank's Rouse Hill branch offering its customers free internet and phones [...]

POSTED ON October 11, 2007
Record numbers back out of home loans

A record $2 billion worth of home loan applications were cancelled in August as the rate rise and concerns about the effects of turmoil in [...]

POSTED ON October 11, 2007
Westpac reckons RAMS offer is a good deal

Westpac's chief executive David Morgan has said that without its offer to purchase RAMS the lender would have had to shut down. "I think [RAMS [...]

POSTED ON October 11, 2007
Aussie gets personal

Aussie home Loans has expanded its assault on the major banks by launching new personal and car loans and said that other products will follow. [...]

POSTED ON October 10, 2007
Borrowers get more support from MFAA members

The Mortgage and Finance Association of Australia has amended its code of practice to provide more support for home loan borrowers that are having difficulty [...]

POSTED ON October 10, 2007
Bankruptcy rate climbs

A new record may be achieved for bankruptcies this financial year with 8,001 people becoming insolvent in the three months to September. The figures which [...]

POSTED ON October 10, 2007
BankWest branch revolution

BankWest opened two branches in Sydney yesterday, the first of its planned 160 branch east coast expansion. The new branches, one in Parramatta and the [...]

POSTED ON October 10, 2007
ASX taken to court over cancelled trades

The ASX is being sued for close to $1 million for cancelling 337 trades on the Sydney Futures Exchange on 25 July. The compensation is [...]

POSTED ON October 9, 2007
Operational risk for banks

The updated New Basel Capital Accord, expected to be finalised by the Bank of International Settlements this year and implemented in 2006, will require that [...]

POSTED ON May 16, 2002
Sydney homebuyers not phased

Real estate agents around Sydney say that the Reserve Bank's interest rate rise of 0.25 percentage points has done little to quell interest in house [...]

POSTED ON May 16, 2002
Margin Lending on the boil

Margin lending for share investments increased to a record $8.9 billion in the March 2002 quarter, a rise of 9 per cent on the December [...]

POSTED ON May 15, 2002
Big surplus expected

While the Federal Government has been warning Australians to expect a frugal Budget, with most spare cash going on defence and border protection, economists claim [...]

POSTED ON May 15, 2002
Citibank interested in rivals

Citibank has approached several small credit card issuers, including a regional bank, with offers to buy their credit card businesses. Many small card issuers, such [...]

POSTED ON May 15, 2002
Rates to rise more quickly than expected

The National Australia Bank's monthly survey for April, released yesterday, suggests that official interest rates could rise more quickly during the rest of 2002, as [...]

POSTED ON May 15, 2002
Howard rebuts RBA concerns over economic imbalance

The Prime Minister, John Howard, said yesterday that a warning that families are becoming financially over-extended was "needlessly negative". Mr Howard was directly challenging one [...]

POSTED ON May 14, 2002
Today’s RBA will heed history’s lesson

Tuesday’s RBA meeting, or rather it’s announcement of a 25 point rise the following day, caused a few ripples amongst the tea-leaf watching brigade, but [...]

POSTED ON May 14, 2002
Property set to out perform equities

Property is set to outperform equities in the short to medium term as the period of falling inflation comes to an end, according to the [...]

POSTED ON May 13, 2002
Calls to stop grants for $1 million houses

The New South Wales Government as renewed its calls to end the first home buyers' grant for people buying homes worth more than $1 million. [...]

POSTED ON May 13, 2002
Survey reports inadequate retirement funds

US investment guru Robert Kiyosaki says that most Australians are ill-prepared for retirement and are "grossly underfunded". He conducted an online survey of 3,000 Australians [...]

POSTED ON May 13, 2002
NAB posts $2.2 billion half year profit

The National Australia Bank announced a record $2.2 billion half-yearly profit to March 31st yesterday, triggering reactions from consumer spokespeople, who called on the Government [...]

POSTED ON May 13, 2002
Faster service from the ANZ

ANZ Bank CEO John McFarlane has promised that people using branches won't have to wait more than five minutes to be served. The five-minute commitment [...]

POSTED ON May 10, 2002
Rebate rorts cost millions

A report by the Auditor-General shows that double-dipping and overpayment of the 30 per cent private health insurance rebate cost taxpayers $48.1 million in the [...]

POSTED ON May 10, 2002
Major banks first to respond to rate rise

The Reserve Bank has lifted the official cash rate 0.25 percentage points to 4.5 per cent, citing concerns about inflation and house prices in a [...]

POSTED ON May 10, 2002