Personal loans are popular again!

Rate cuts in 2015 are encouraging consumers to shop around for great credit deals according to the Veda Consumer Credit Demand Index.

The Veda index shows personal loan applications are up 6.4 per cent, compared with June last year.

Personal loans are traditionally most popular for people wanting to buy a car, take a holiday or pay off other debts. Personal loan rates are often lower than credit card rates.

Source: Bankheadlines.com.au

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