Car loan sales up for July as interest in green vehicles grows

Despite many parts of Australia being pulled back into COVID-19-related lockdowns, demand for new vehicles continued to grow in July by 16.1% month-on-month, according to the FCAI.

Home and vehicle buying intentions fall during lockdowns

Consumer intent to spend on home buying and motor vehicles fell for the first time in a year during July 2021, according to the latest Commonwealth Bank (CBA) HSI series.

Should I get an offset account?

When searching for your ideal home loan, there are a range of helpful features that can offer more flexibility and reduce your ongoing repayments. One of the most popular features for a home loan which may do just that is an offset account.

Home Loan Cashback Offers for August 2021

Whether these COVID-19 restrictions have encouraged you to find a more comfortable space and buy your first property, or refinance your mortgage, home loan cashback deals may come in handy in helping to cover those pesky new mortgage costs.

Over 20,000 Aussies already receiving hardship assistance during lockdown

The latest data released from the Australian Banking Association found that over 20,000 customers have had to receive hardship assistance since 8 July 2021, during the latest COVID-related restrictions.

Does getting a second credit card hurt your credit score?

However, you may be wondering how this may affect your personal finances and does getting a second credit card hurt your credit score? Let’s explore what can affect your credit score and whether having multiple credit cards is good or bad for your credit history.

Does opening a savings account affect my credit score?

If you’ve struggled with poor credit history in the past, or if you’re curious about when credit checks may be performed, you may want to know if opening a savings account will impact your credit score.

Can I make extra repayments to a personal loan?

Paying off your personal loan is a good feeling but paying it off early by making extra repayments is an even better one. Some personal loan lenders will allow you to make additional repayments on top of your regular loan instalments.

Can I get a mortgage five times my salary?

Depending on your income, expenses, and the property you want to buy, you may be able to get a mortgage one, five, or even ten times your salary. But just because you have a high income, it doesn’t mean you’ll be approved for a loan.

Lending criteria and you: how your job affects a loan

Whether you’re in the market for a new vehicle, need to pay for your wedding or are planning on purchasing property, it’s important to note that your job plays a significant role in your chances of being approved for a loan.