Four great Unsecured Small Business Loans

When you’re looking for finance for business purposes, there’s a few factors to consider. You need to minimise the costs of the finance while maximising [...]

POSTED ON August 20, 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
ATM Fees Get The Axe From Four Big Banks

Australian’s biggest banks have decided to axe ATM’s fees for customers of other banks. Commonwealth Bank (CBA) announced on Sunday that they were axing ATM [...]

POSTED ON September 25, 2017
How to get funding for doing what you love

For most families, foregoing your full-time employment to follow your dreams isn't an option. You've got kids to feed, clothe and entertain, not to mention [...]

POSTED ON June 8, 2017
Bankwest has lowest farm overdraft rates

Overdrafts to the agribusiness sector range up from Bankwest's lowest quoted 8.15pc to highs around 15pc with ANZ and the Bananacoast Credit Union.In the overdraft [...]

POSTED ON November 28, 2011
NAB has lowest rates for farm loans

National Australia Bank (NAB) has the most attractive base lending rate for agribusiness. Just five financial institutions in the agribusiness loan market have dropped their [...]

POSTED ON November 28, 2011
Banks to add more to RBA rate rises

Borrowers are likely to be slugged by more rate rises from RBA and more margin expanding rate rises from the big banks as well. The [...]

POSTED ON November 2, 2009
Switch your lender & save $3,800

Over the last 14 months of the GFC, many people moved their money and their business to a big four bank. Many people could simply [...]

POSTED ON November 2, 2009
Four steps to switching banks

Switching bank accounts to a new bank is easier than it has been in the past, but can still be a complex process. ASIC and [...]

POSTED ON November 2, 2009
Fee changes to all transaction accounts

Almost all banks, credit unions and building societies have announced changes to the fees they charge their credit card, loan and account customers. Now may [...]

POSTED ON November 2, 2009
Banks trying to connect with customers

ANZ, Westpac and NAB have launched new marketing programs recently all trying to reconnect with their customers and communities. ANZ have re-fashioned their signage with [...]

POSTED ON November 2, 2009
Most borrowers reject fixed rates

Most homeowners are choosing to stick with their variable rate mortgages with only ten per cent saying they are opting to fix their rate now. [...]

POSTED ON November 2, 2009
Aussies are stashing their cash

The first national study by Westpac into the social effects of the global financial crisis shows more than 32% of Australians are cocooning in the [...]

POSTED ON November 2, 2009
School tuckshops take credit cards online

Parents at some schools are paying for their children’s lunches online with their credit card to avoid having to give their children money. Holy Cross [...]

POSTED ON October 6, 2009
Aussie share obsession cuts our wealth

Australians lost almost twice as much money during the global financial crisis as people in other countries according to the 2009 global wealth report, by [...]

POSTED ON October 6, 2009
Ten million online bankers

Almost 10 million Australians visited their online internet bank each week, but more visit and spend much more time on social networking sites such as [...]

POSTED ON October 6, 2009
Less competition in banking

National Australia Bank yesterday acknowledged to a senate committee hearing in Melbourne that banking consumers' choices had narrowed in the past year. “I think it's [...]

POSTED ON October 6, 2009
Auction continue to deliver results

There were only 171 auctions listed in Sydney on the October long weekend but the clearance rate improved to 72.5 per cent from 62 per [...]

POSTED ON October 6, 2009
Competition returning to mortgage market

NAB, ANZ and second tier lenders all managed to claw back mortgage market share in August. ANZ said they have improved turnaround times on mortgage [...]

POSTED ON October 2, 2009
Borrowers head to Commonwealth in August

The growth story in the loan market remains that of Commonwealth Bank, which lifted its lending by 1.2 per cent over the month of August [...]

POSTED ON October 2, 2009
200,000 Ford car loans sold to Macquarie

Macquarie Leasing will take over the servicing of the Ford loans by January 2010. The portfolio covers around 200,000 vehicles and adds to the bank’s [...]

POSTED ON October 2, 2009
Savings tax to be slashed

The federal government’s Henry review into taxation is set to recommend that tax on savings should be slashed. Ken Henry said yesterday that a middle [...]

POSTED ON October 2, 2009
Savers want good rates and no fees

Bank customers are fed up with fees on savings accounts and want to be rewarded with higher rates for saving regularly, according to a new [...]

POSTED ON October 2, 2009
RaboPlus to launch bonus saver account

RaboPlus will add a bonus saver account to its product portfolio to be launched next week. It will pay five per cent interest to customers [...]

POSTED ON October 2, 2009
Banks deny rate rise plans

Speculation is continuing that the big banks are planning to raise interest rates on variable rate mortgages independently of the Reserve Bank. Banks are continuing [...]

POSTED ON October 2, 2009
Grants cut down but sales to hold up

First home buyers of new homes will be entitled to $14,000 of federal government assistance from today, October 1, down from the $21,000 grant paid [...]

POSTED ON October 1, 2009
ME’s Online Savings Account ahead of the pack

ME Bank’s Online Savings Account has won the Australian Financial Review Smart Investor Blue Ribbon Awards 2009, Overall Savings Account Category. Savings products from over [...]

POSTED ON October 1, 2009
InfoChoice more popular than ever

Traffic to the InfoChoice website has grown 56 per cent from January to June 2009. InfoChoice.com.au remains Australia’s most popular banking product comparison website as [...]

POSTED ON August 31, 2009
50,000 seek hardship relief

More than fifty thousand Australian households have been given hardship relief by major banks in the past year. Westpac, St George, ANZ, National Australia Bank, [...]

POSTED ON August 31, 2009
Government checks up on bank rate rises

Sources within the major banks say the federal Treasury rang around all major banks last week to check on rumours that they are planning on [...]

POSTED ON August 31, 2009
Be prepared for higher rates says RBA

Homebuyers have to be prepared for higher interest rates says the governor of the Reserve bank, Glenn Stevens. Stevens told a parliamentary hearing that rate [...]

POSTED ON August 17, 2009
No more big rate cuts

The Reserve Bank governor has signalled that the central bank may wait and see the impact of recent rate cuts before making any new big [...]

POSTED ON February 24, 2009
ANZ wants to lend more to small business

ANZ has announced it will increase lending to small and medium businesses by $8 billion, equal to the total amount of new lending to SME's [...]

POSTED ON February 24, 2009
Shortfall on business lending rates

Some businesses are paying higher interest rates on loans and overdrafts than they were last year, before the Reserve Bank started to cut interest rates.The [...]

POSTED ON February 23, 2009
Aussie banks rake in profits

Westpac is the world's most profitable bank according to a global survey by Boston Consulting Group. Westpac delivered a return on equity of 20.4 per [...]

POSTED ON February 20, 2009
Half per cent rate cut for March

Market expectations of a 0.5 per cent rate cut firmed yesterday to a 100 per cent certainty after the release of the Reserve bank Board [...]

POSTED ON February 18, 2009
Rate cuts fund NAB’s californian weekend

Twenty five senior National Australia Bank executives have flown to San Francisco for a leadership weekend to prepare for CEO Cameron Clyne's major strategy briefing [...]

POSTED ON February 13, 2009
CBA needs to keep future rate cuts

The Commonwealth Bank has signalled that it may not pass on in full to borrowers any future rate cuts delivered by the Reserve Bank of [...]

POSTED ON February 12, 2009
Small business rates coming down.

All major banks are working to improve their service and product offerings to small business. They have cut interest rates on small business loans by [...]

POSTED ON February 11, 2009
Commercial borrowers pay more, wait longer

Commercial borrowers are unlikely to get relief from falling interest rates any time soon, a finance company director said yesterday. Paul McCarthy, a director of [...]

POSTED ON February 11, 2009
No more big rate cuts

A slightly improved economic outlook for Australia has caused many analysts to revise their interest rate predictions. The Reserve Bank is now not expected to [...]

POSTED ON February 9, 2009
More rate cuts and more spending needed

Further deep cuts in interest rates are needed as well as more government spending to stimulate the economy the treasury secretary Ken Henry said yesterday. [...]

POSTED ON February 6, 2009
Banks say maybe to future rate cuts

Major banks warned yesterday that they may not pass on the full amount of any future rate cuts. NAB's retail banking executive general manager Lisa [...]

POSTED ON February 5, 2009
BankWest & St George customers unhappy

Almost one quarter of all BankWest customers and St George customers report that they are less satisfied with their bank since it has been taken [...]

POSTED ON February 5, 2009
More rate cuts on the way

Financial markets expect the Reserve bank to cut interest rates again next month by a further 0.75 per cent taking the official cash rate to [...]

POSTED ON February 4, 2009
Westpac commits to 100 basis point cut

Following today's RBA announcement to shed 100 basis points off the cash rate, to 3.25 per cent, Westpac has jumped the wagon and become the [...]

POSTED ON February 3, 2009
Rate cuts to keep on coming

The Reserve Bank of Australia faces extreme pressure to deliver substantial rate cuts today and in next few months as the global economic crisis spreads. [...]

POSTED ON February 3, 2009
Total lending falls for first time since 92

Total lending to business and private individuals fell 0.3 per cent in December, well below market expectations of a 0.5 per cent rise. It is [...]

POSTED ON February 2, 2009
RBA may cut by 1.5 per cent

The Reserve Bank of Australia is likely to decide tomorrow to set a new 'floor' for Australian official interest rates of around 2 per cent [...]

POSTED ON February 2, 2009
Rates down to 2 per cent by June

Investors trading on the Sydney Futures Exchange yesterday estimated the chances of a 1.0 per cent rate cut next week by the Reserve Bank at [...]

POSTED ON January 30, 2009
Consumers to pocket more savings

With many economists tipping a rate cut of at least 0.75 percentage points in next Tuesday's Reserve Bank's Board Meeting, borrowers with a $400,000 mortgage [...]

POSTED ON January 29, 2009
Three big rate cuts coming soon

The Reserve Bank of Australia is expected to cut interest rates three times in the next four to five months. Yesterday's inflation figures indicated that [...]

POSTED ON January 29, 2009
One per cent rate cut expected

Economists are expecting the Reserve Bank of Australia to cut interest rates next Tuesday by a full one per cent despite fears inflation may not [...]

POSTED ON January 28, 2009
Rudd talks bailout for commercial lending

Banks are demanding that commercial real estate development projects are 75 per cent let before finance is approved. The federal government is preparing a bailout [...]

POSTED ON January 22, 2009
Rates to plunge to two per cent

The Reserve Bank will cut official interest rates to 2.5 per cent or below next year say some economists because unemployment is expected to almost [...]

POSTED ON December 31, 2008
NAB to speed up transfers

National Australia Bank will jointly develop and promote a range of new payments products and services with software developer Distra following a deal which will [...]

POSTED ON December 29, 2008
Rates to fall to three per cent

National Australia Bank is now predicting interest rates will fall further than previously expected early next year. Markets are pricing in rate cuts of 1.5 [...]

POSTED ON December 17, 2008
Next big rate cut due in February

The governor of the Reserve Bank, Glenn Stevens, said yesterday that there were reasons to have "quiet confidence" about the economy and signalled that while [...]

POSTED ON December 10, 2008
Rate rises blamed for poor economy

The Reserve Bank's interest rate rises early in 2008 are being blamed for weak results in the September quarter national accounts. Non-farm gross domestic product [...]

POSTED ON December 4, 2008
RBA cuts again, more cuts to come

The Reserve Bank of Australia cut official interest rates to their lowest point in more than seven years yesterday. The RBA board cut another full [...]

POSTED ON December 3, 2008
Five per cent mortgage rates coming soon

Standard variable mortgage interest rates could fall to five per cent within six months, taking them to the lowest level since 1964 when they were [...]

POSTED ON December 2, 2008
Big rate cuts due this week

The Reserve Bank is expected to cut interest rates by at least 0.75 per cent tomorrow as expectations rise of zero or even negative economic [...]

POSTED ON December 1, 2008
One per cent rate cut expected next week

The Sydney Futures Exchange 30 interbank cash rate futures for December 2008 is indicating a 100 per cent expectation that the Reserve Bank of Australia [...]

POSTED ON November 26, 2008
RBA may cut by 0.75 per cent

Increasing evidence of a recessionary trend in economic data is adding weight to expectations of a big cut in interest rates this afternoon by the [...]

POSTED ON November 4, 2008
Small business wants a better deal from banks

The treasurer Wayne Swan says small and medium sized businesses have told the government they are having trouble accessing credit. Small business groups say smaller [...]

POSTED ON October 23, 2008
NAB’s debt collector accused of bad behaviour

National Australia Bank is being accused of outsourcing debts belonging to people in financial hardship to a "notorious" debt collection agency. Victoria's Consumer Action Law [...]

POSTED ON October 17, 2008
Rates to fall to five per cent by Christmas

Financial markets expect the Reserve Bank to continue its aggressive interest rate cutting program and cut rates to five per cent before the end of [...]

POSTED ON October 13, 2008
Westpac cuts rates for business

Westpac will reduce its business loan interest rate from by 0.8 per cent, but the other banks are yet to announce any cuts to lending [...]

POSTED ON October 9, 2008
Business still getting credit

Business credit is not being restricted by banks says a survey of entrepreneurs by Smart Company. The research revealed that just under 44 per cent [...]

POSTED ON October 8, 2008
Banks promise to make up rate cuts

The big banks have all promised to make up the difference in Reserve Bank rate cuts and the lesser cuts they have passed on to [...]

POSTED ON October 8, 2008
No rate relief on credit cards or loans

As of this morning the only category of borrowers to receive news of any cut in their variable interest rates was home loan customers. With [...]

POSTED ON October 8, 2008
Rates to fall to five per cent

The Reserve Bank governor Glenn Stevens said he was not establishing a pattern for future rate cuts with the unexpected move yesterday to slash the [...]

POSTED ON October 8, 2008
Consumer credit code goes to Canberra

The uniform consumer credit code, which provides protection for borrowers will become federal law under a deal between the commonwealth and the states finalised yesterday. [...]

POSTED ON October 3, 2008
Banks need to be told to cut rates

Banks need to called in by the prime minister for a fireside chat and told to cut interest rates says the federal opposition. Former treasurer [...]

POSTED ON October 3, 2008
Banks say no to big rate cuts

ANZ's chief of Australian operations Brian Hartzer says the bank will seek to pass on as much as it can in any interest rate cuts [...]

POSTED ON October 3, 2008
Rudd and Swan let banks off the hook

The Prime Minister Kevin Rudd refused yesterday to call on the banks to pass on the full RBA rate cut. The opposition leader Malcolm Turnbull [...]

POSTED ON October 2, 2008
Banks won’t pass on rate cuts

Banks and other lenders will not commit to pass on any cuts to official interest rates by the Reserve Bank of Australia. The RBA board [...]

POSTED ON October 2, 2008
Credit dries up for small business

Lending to business has slowed as banks ration credit. Business credit growth slowed to 13.6 per cent over the year to the end of August, [...]

POSTED ON October 1, 2008
Rates to fall 0.5 per cent next week

Futures markets have fully priced in a rate cut by the Reserve Bank board when it meets next Tuesday morning. Markets believe that the RBA [...]

POSTED ON October 1, 2008
Business lending looks sound

Most of the rise in delinquent business loans on the books of Australian banks relates to property-related lending, the Reserve Bank of Australia said in [...]

POSTED ON September 26, 2008
Big rate cuts coming in October

The Reserve Bank of Australia is now more likely to cut rates by 0.5 per cent in the first week of October than by 0.25 [...]

POSTED ON September 26, 2008
Banks shun well run small businesses

Profitable and well run small and medium sized businesses are having their loan and credit applications rejected by banks who have tightened their lending criteria [...]

POSTED ON September 22, 2008
Business pays more for credit

Businesses are paying more than they were last year to borrow funds, but margins over market benchmarks are not all that much wider than they [...]

POSTED ON September 19, 2008
No rate relief on cards or business loans

Savings & Loans, Australia's second largest credit union, has been one of the few organisations to cut borrowing on non-mortgage products. Rate relief appears generally [...]

POSTED ON September 10, 2008
Banks to hold on to rate rises

Banks will not readily reduce back the additional rate rises they have added on to official rate rises this year says the Reserve Bank governor [...]

POSTED ON September 9, 2008
More rate cuts next month

The Reserve Bank of Australia is expected to cut rates by another 0.25 per cent in October then leave the rate at 6.75 per cent [...]

POSTED ON September 3, 2008
Business rates need to fall too

Banks must ease rates for business borrowers as well as on home loans says the treasurer of Victoria. John Lenders said business needed relief from [...]

POSTED ON September 2, 2008
RBA makes rate cuts crystal clear

The minutes of the Reserve bank board meeting from August show that the bank intends to cut rates at its September board meeting. Analysts said [...]

POSTED ON August 20, 2008
Swan tells the banks

Short term debt prices are coming down so banks should be looking to cut their interest rates to borrowers said the Treasurer Wayne Swan yesterday. [...]

POSTED ON August 18, 2008
Banks told to pass on cuts

The deputy governor of the reserve Bank, Ric Battellino, said if banks did not pass on rate cuts to customers, the Reserve would keep cutting [...]

POSTED ON August 15, 2008
Commonwealth loses business customers

Commonwealth Bank share of business lending fell during the 2007/08 financial year - from 12.4 to 12.2 per cent if you follow the APRA figures; [...]

POSTED ON August 14, 2008
Rates to fall to five per cent next year

Interest rates will be cut by the Reserve Bank by half a per cent in September despite stronger than expected jobs data released yesterday, says [...]

POSTED ON August 8, 2008