Your guide to getting a small business loan Business loan rates have not fallen as far as RBA’s cash rate and rates on business savings [...]
POSTED ON November 14, 2019
Did you know your small business has its own credit score, separate to you, the business’s owner? Most Australian small business owners do not know [...]
Easy unsecured loans for small business is the aim of OnDeck Capital. OnDeck opened for business in Australia in 2015 and specialises in unsecured loans [...]
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ALL small business owners are on the hunt for a business loan, whether that is actively looking and applying, keeping an eye on the market [...]
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 [...]
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. [...]
At some point during the life of a business, the owner will think about getting a business loan for some reason or other. A business [...]
Three of the four big banks have announced they will let merchants choose whether their customer’s contactless card purchases are processed by Visa, Mastercard or [...]
Do you want a new car, computer, tools or even an air conditioner? This June, buying equipment for your business is more worthwhile than ever [...]
Many small businesses don’t require commercial premises to set up shop. Almost one million small businesses operate out of residential premises. But setting up a [...]
Businesses often require a financial investment to help get them up and running. But before a bank can grant you a loan it will review [...]
You’ve probably come across the term start-up business loan while researching funding options for your new small business. But if you’re unsure of what exactly [...]
Buying a business is no small feat and should not be an impulse purchase. Take the time to do your research about the business and [...]
People often think about insurance in terms of life insurance, car insurance and private health insurance. But when you go into business for yourself, you [...]
New businesses often require an infusion of cash to get up and running. Whether it’s to cover the rent for an office, purchasing or leasing [...]
Originally published by our partner company iSelect. Setting up a business can be exciting, nerve-racking and exhilarating all at once. It can be stressful. It [...]
Whether you want to launch a new business, purchase an existing one, upgrade your equipment, finance a new product line or ease your cash flow, a business [...]
Before applying for a business loan, you first need to decide what type of business loan works for you. To help you make a decision, [...]
Starting your own business is no small task. But once you have your business plan in order, it’s time to start thinking about your finances. [...]
For many people, a business loan can play a crucial role in turning an idea into reality. What is a business loan? In a nutshell, [...]
The government will subsidise loans for farmers. Loans up to $1 million, or 50 per cent of a farm business’s debt (whichever is lower) will [...]
The Australian Bureau of Statistics said the value of commercial finance commitments increased 1.4 per cent in August from July. The level of business loans [...]
The latest Reserve Bank indicator lending rates, published yesterday, show that small business borrowers have done better than home loan borrowers in recent months.According to [...]
ING DIRECT’s chief executive Don Koch said he’s keen to double the bank’s existing portfolio of commercial loans in the next three years.ING DIRECT’s Mark [...]
Westpac has passed on the full 0.5 per cent variable cash rate cut announced by the Reserve Bank of Australia last week to business borrowers.Agribusiness [...]
RaboBank is now Australia’s second largest rural lender, behind NAB, and has become a key lender to companies that have fallen out of favour with [...]
Business is likely to find getting a loan much harder in 2012 thanks to debt problems in Europe impacting on local lenders.Accounting consultancy Mercer warns [...]
Suncorp, which boasts one of the lowest business mortgage rates on the market, said that it had noticed an influx of businesses inquiring about its [...]
Suncorp Agribusiness, Commonwealth Bank Agribusiness, ANZ Agribusiness and NAB Agribusiness have each reduced their term loan rates by between 0.20 percent and 0.25 percent in [...]
Monthly demand for new business loans continues to pick up, albeit slowly. On a seasonally adjusted basis, new lending increased eight per cent in August [...]
Competition in the sluggish business lending market has forced lenders to trim their margins.The rate gap between home loans and residentially secured business loans has [...]
Westpac fired the latest salvo in the battle for business banking customers with its offer to waive all establishment fees on loans over $10,000 and [...]
Bankwest has launched a new business fee-saver loan, boasting no upfront bank establishment fees and no ongoing loan maintenance fees.Bankwest Business chief executive Ian Corfield [...]
The Senate Economics Reference Committee’s inquiry into small business access to finance found that the supply of finance to small business had tightened over the [...]
Half of all SMEs are paying between eight and 10 per cent for secured finance. According to Fujitsu’s SME market profit model, lenders are making [...]
The Opposition Leader Tony Abbott yesterday announced the Coalition would push for a Senate inquiry into restrictive lending practices by banks on small business financing.“There [...]
St.George reported strong customer metrics for the year ending June 2009, retaining its comfortable lead over the majors on both customer satisfaction (76.6 per cent [...]
The number of bank branches has increased for the eighth consecutive year, according to a survey released today by the Australian Prudential Regulation Authority (APRA).Over [...]
The Commonwealth Bank expects official interest rates to be 4.5 per cent within one year and will not rule out raising rates on its own [...]
mecu, one of Australia’s largest credit unions, was one of the very few Australian financial institutions to report an increase in profit this year. mecu’s [...]
The cost of credit and loans to consumers will rise if the Australian government adopts new global rules governing bank liquidity say the Commonwealth Bank."I [...]
More than 4.3 million Australians are members of a credit union or mutual building society. “Mutual financial institutions offer Australians a better banking deal with [...]
Interest rate margins on small business loans have increased greatly over the last two years. In 2007 loans to small and medium sized businesses from [...]
St George Bank has reported good results for the 2008/09 financial year with total lending up 10 per cent to $121 billion and total deposits [...]
Australia’s largest building society, Heritage, has announced an increase in interest rates on all variable rate loans following the Reserve Bank of Australia’s (RBA) decision [...]
The Reserve Bank of Australia has upgraded its economic forecasts, raising expectations that interest rates will be raised higher over coming months. On Friday the [...]
RBA governor Glenn Stevens used a speech last night to reinforce the merit of the approach to monetary and fiscal policy over two decades and [...]
The decision by NAB to remove monthly account keeping fees on a few accounts is a small proportion of the total fees and commissions received [...]
InfoChoice, Australia's leading finance comparison site presents CEO Shaun Cornelius in an interview with Today Tonight about Infochoice's research highlighting opportunities for consumers to save [...]
Westpac will take over the mantle as Australia’s most profitable bank after reporting record growth in deposits and loans.Yesterday, Westpac announced an 11 per cent [...]
Westpac yesterday passed on the full 0.25 per cent rate rise to its‘ home loan customers but is not passing on the rate rise to [...]
ANZ Bank further clarified its position on rate rises yesterday and backed even further away from an apparent pledge last week by chief executive Mike [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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. [...]
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 [...]
ANZ CEO Mike Smith yesterday clarified the bank’s likely approach to pricing home loans in Australia as the RBA prepares to lift the cash rate [...]
The Reserve bank of Austalia will raise the official cash rate by half of one per cent before christmas say many economists. Most economists are [...]
NAB's net interest margin on Australian lending has risen consistently since March last year, and is now at 2.65 per cent, its highest level since [...]
ANZ has launched its new brand identity and positioning to support its super regional strategy and set an aspiration to develop ANZ as a people-focused, [...]
Westpac chief Gail Kelly says the cost to the bank of funding its lending is still very high and could result in credit rationing. Kelly [...]
Amongst bank customers overall, bank satisfaction for the last 12 months improved by 0.5 percentage points to 73.2 per cent. The four majors have shown [...]
Individuals earning more than $90,000 year are less satisfied with their bank than other customers. High-income earners account for about nine per cent of all [...]
The TNS Business Finance Monitor (BFM) has shown a long-term improvement in business customers’ satisfaction with their banks since the BFM started in 2001. Looking [...]
ME Bank has announced the opening of two new branches in southern and eastern Melbourne, taking the bank’s total branch network to eight. The new [...]
The Australian Bankers’ Association (ABA) has learned of a scam telephone survey which falsely claims to be undertaken by the ABA. The bogus survey telephone [...]
The average Melbourne house will double in value by 2021 to $1,056,199 from $525,000 last month according to property research company BIS Shrapnel.Low interest rates, [...]
Minutes of the October Reserve Bank of Australia board meeting reveal that at least one board member, believed to the Treasury Secretary Dr Ken Henry, [...]
Financial markets have priced in a 67 per cent chance of a half a per cent rate rise on Melbourne Cup Day, the first Tuesday [...]
A survey released by consumer groups shows that Bendigo Bank continues to provide industry-leading customer satisfaction levels. Bendigo Bank recorded the highest overall satisfaction score [...]
The Reserve Bank will not be timid in raising interest rates said the governor of the RBA Glenn Stevens yesterday. Mr Stevens said interest rates [...]
The Bank of Queensland announced a record full year profit yesterday and said it wanted to grow to become a rival to the big four [...]
New privacy laws being proposed to be introduced next year will allow banks and other lenders to see a credit applicant’s entire financial history of [...]
The Australian government will introduce five new pieces of data into consumer credit reports, adopting all the recommendations of the Australian Law Reform Commission for [...]
The Reserve Bank’s aggressive interest rate cutting has helped keep loan arrears and defaults to a minimum over the past year but almost one in [...]
National Australia Bank customers have experienced problems when viewing their account transactions or conducting transfers. The bank says its computer system is to blame.''Due to [...]
Bendigo Bank is 150 years old and is being credited with helping to save a number of rural communities with its community banking model.A new [...]
Bendigo and Adelaide Bank has announced that it will be able to widen its lending criteria and approve loans for a wider range of applicants, [...]
Westpac announced it is increasing its standard variable home and business lending interest rates, credit card rates and selected personal and business deposit rates in [...]
ANZ is removing of a range of fees for “Do It Yourself” (DIY) phone, internet and mobile phone banking as part of a new, simplified [...]
Two more rate rises from the Reserve Bank are expected by financial markets before Christmas after stronger than expected jobs data was released yesterday by [...]
All four big banks yesterday passed through the Reserve bank’s 0.25 per cent rate rise to customers. The rise puts the standard variable mortgage rate [...]
Banks are likely to raise rates much more quickly than the Reserve Bank says analysts who warn that bank funding costs are still very high.While [...]
ANZ was the first of the majors to announce rate changes to interest rates for variable rate mortgages. Pressure from the Government warning banks to [...]
Commonwealth Bank and NAB are resisting pressure to announce their rate rise intentions as all four big banks seem to be stuck in a standoff [...]
CUA is Australia’s top financial institution when it comes to everyday banking satisfaction, according to a recent independent survey by consumer groups. CUA had the [...]
Australia’s largest credit union, CUA, is losing members despite investing in a slick marketing campaign featuring high-profile TV celebrities and scoring well in customer satisfaction [...]
Standard variable mortgage rates are expected to rise as early as today.ANZ, Westpac, National Australia Bank and Commonwealth Bank all say their rates are under [...]
At its meeting today (Tuesday), the RBA Board decided to raise the cash rate by 25 basis points to 3.25 per cent, effective 7 October [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]