Now is a great time to take out a loan

The proportion of Australian households with increased debt rose from 30 per cent to 32 per cent in the six months to December 2014, according to ME Bank's latest Household Financial Comfort Report.

ME Bank said low interest rates, higher incomes and the rising value of investments made Australians more comfortable with debt.

Australians are generally feeling more financially comfortable said ME Bank.

All that means Australians think now could be a good time to take out a loan.

Source: Banking Day

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