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How to Get a Loan with Bad Credit Score

Let’s face it – it’s difficult to get a loan with bad credit score. That’s because a lot of banks and lenders will show you the door if your credit score is below 600. After all, your credit score tells them how likely you are to be able to repay your loan. Therefore, the lower your score, the lower your chances.

But don’t despair. Just because it’s difficult, that doesn’t mean it’s impossible! We’re going to help you find the best options to get a loan with a bad credit score in Australia.

Where to Get a Loan with Bad Credit Score

These institutions are the best places to look for a personal loan. You should always compare the exact rates offered and make sure you get the best possible deal. But remember that with a bad to average credit score, you can expect to pay higher interest rates than someone with a decent credit score.

Australian Military Bank Fixed Rate Personal Loan

Interest Rate (p.a.) – Between 7.93% and 18.87% depending on your risk profile

Loan Amount – Between $1,000 and $80,000, but only up to $40,000 for debt consolidation

Loan Term – From 1 to 5 years

Application Fee – Between $100 and $500

Monthly Service Fee – $10

Visit Website and see if you qualify for a loan.

Citi Personal Loan Plus

Citi Personal Loan Plus

Interest Rate (p.a.) – Between 8.99% and 17.99% depending on your risk profile

Loan Amount – Between $5,000 and $75,000, but this depends on your credit score and income

Loan Term – From 3 to 5 years

Application Fee – $0 (but a $199 establishment fee may apply)

Monthly Service Fee – $10

Visit Website and see if you qualify for a loan.

Latitude Personal Loan (Unsecured)

Interest Rate (p.a.) – Between 13.99% and 29.99% depending on your risk profile

Loan Amount – Starting at $3,000, but Latitude will decide on a maximum depending on your credit score

Loan Term – From 2 to 7 years

Application Fee – $140 for loans $3,000 to $3,999 and $250 for loans $4,000+

Monthly Service Fee – $13

Visit Website and see if you qualify for a loan.

MoneyPlace Unsecured Personal Loan

Interest Rate (p.a.) – Between 7.65% and 26.99% depending on your risk profile

Loan Amount – Between $5,000 and $45,000, but the maximum will depend on your situation

Loan Term – From 2 to 7 years

Application Fee – $150

Monthly Service Fee – $10

Visit Website and see if you qualify for a loan.

NAB Personal Loan Unsecured Variable Rate

Interest Rate (p.a.) – Headline Rate of 12.69%, but how much interest you pay will depend on your risk profile

Loan Amount – Between $5,000 and $55,000, but you should use their borrowing power calculator to see your maximum

Loan Term – From 1 to 7 years

Application Fee – $150

Monthly Service Fee – $10

Visit Website and see if you qualify for a loan.

NOW FINANCE Personal Loans

Interest Rate (p.a.) – Between 8.95% and 16.95% depending on your risk profile

Loan Amount – Between $5,000 and $40,000

Loan Term – From 1.5 to 7 years

Application Fee – $495 (based on a loan of $10,000, so your application fee will depend on your loan amount)

Monthly Service Fee – $13

Visit Website and see if you qualify for a loan.

RateSetter Unsecured Personal Loan

RateSetter Unsecured Personal Loan

Interest Rate (p.a.) – Fixed-rate starting from 7.38% depending on your risk profile

Loan Amount – Between $2,001 and $45,000, but your maximum will depend on your risk profile

Loan Term – From 0.5 to 5 years

Application Fee – $299

Monthly Service Fee – $0

Visit the Website and see if you qualify for a loan.

Don’t Get a Payday Loan

It’s very easy to find someone, either online or on the street, offering payday loans even if you have a bad credit score. This may seem like a good idea, but they typically charge an annual percentage rate (APR) of around 350%. These high-interest rates trap borrowers in a neverending cycle of predatory debt, especially if you’re in the low-income bracket.

If you’ve been considering taking out a payday loan, don’t. Rather stick with the options we’ve given you above and work at building your credit score.

Get a Loan with Bad Credit Score Conclusion

As you’ve now seen, it’s not impossible to get a loan with a bad credit score. But in the long-run, you’re going to find it easier to get a loan (and better rates) if your credit score is higher than 600.

To get a better credit score, you should start by paying off all of your debt (high-interest debt first). You should also try to only use less than 30% of your available credit, and pay all your bills on time.

But while you work on that, there are at least 7 viable options for you to get a loan with bad credit score.

Understanding Insurance: Important Words You Need to Know

Introduction to Understanding Insurance: Insurance Definition

Your first step toward understanding insurance is to know what the word means. Insurance is an agreement that you put money towards every month.That way, if there’s an emergency, then your insurance can help you cover the cost. So insurance is like a special type of savings. But you can only get the money if you need it.

Understanding Insurance Language

A very important part of understanding insurance is the words companies use. You need to understand them so that you can compare different insurance plans.

  • Claim – a request asking your provider to pay for expenses after something happens.
  • Co-insurance – the part of the expenses that you pay. For example, your insurance pays 80%, but you have to pay the other 20%.
  • Co-payment – the fixed amount of fees that you pay for an expense that’s covered by your insurance.
  • Deductible – the amount of money you need to pay before insurance will pay any claim. After you pay this amount, insurance will help you with expenses. But this is only for a certain period of time. You need to pay deductibles every year.
  • Liability – your insurance pays liability if you’re responsible for someone else’s damages. This can also include injuries. For example, if you cause an accident, you pay the liability.
  • Limit – the most money your insurance company will pay over a certain period of time. After you reach this limit, you have to pay for everything again. But there are also two types of limit. A total limit is for the policy period. For example, your health insurance will only pay $50,000 a year. You also have a per-claim limit. In other words, how much money your insurance will pay for one claim.
  • Out-of-pocket expenses – expenses that you pay for yourself. These include your co-payments and deductibles.
  • Out-of-pocket max limit – you are only expected to pay this much for expenses. After you reach this limit, your insurance has to pay 100%. But they’ll only pay 100% until you reach your total limit.
  • Premium – the amount of money that you have to pay every month for insurance.

What Type of Insurance Should I Have?

There are many different types of insurance available. You should have at least four:

  1. Auto insurance
  2. Health insurance
  3. Personal liability insurance
  4. Property insurance

Understanding Insurance: Conclusion

Now you know the different terms that are important for understanding insurance. You also know which types of insurance everyone needs to have. But it’s also very important that you have the right risk protection. As time goes by, you should ask an insurance agent to help you review your insurance policies. They’ll help you make sure that you aren’t wasting money on any insurance that you don’t actually need.

Understanding Mortgage: Important Information You Need to Know

Introduction to Understanding Mortgage: Mortgage Definition

The first step to understanding mortgage is to know what the word means. defines mortgage as:

  1. a conveyance of an interest in property as security for the repayment of money borrowed.
  2. the deed by which such a transaction is effected.
  3. the rights conferred by it, or the state of the property conveyed.

In everyday language, this just means that a mortgage (also known as a “deed of trust”) is a legal document that says the lender may take away your home if you don’t repay the loan you took out with them. Originally, that loan will be to buy the house in the first place. But that isn’t always the case, as you’ll see.

When you sign the mortgage documents, you’ll also sign a promissory note. This is where you make the promise to repay the money you’ve loaned when taking out your mortgage. A lot of people get confused between the two because they think the mortgage is where you make the promise to repay.

Understanding Mortgage Payments

Part of the reason some people get confused between their mortgage and their promissory note is that “mortgage” is also used to describe the payments you make. When it comes to understanding mortgage, it’s good to know what these payments are:

  • Principal – the principal balance is the amount of money you still owe on your mortgage. With amortizing mortgages (like a fixed-rate mortgage), some of your payment reduces the principal while some of it pays the interest.
  • Interest – your mortgage’s interest rate is what determines how much you pay the lender as an extra fee for loaning money from them.
  • Taxes – some lenders will pay property tax on your behalf. If that’s the case, they put part of your monthly payment into an escrow account until tax season.
  • Homeowner’s insurance – most mortgage lenders require you to pay homeowner’s insurance. They will use it to cover damages from accidents, fires, storms, and other catastrophes. (Confused by insurance terminology? Read our guide on understanding insurance!)
  • Mortgage insurance – if you can’t afford to make a downpayment of at least 20%, most lenders will ask that you pay for the premiums on mortgage insurance. This helps mortgage lenders against losing all their money if you default on payments. There are two types of mortgage insurance: Private Mortgage Insurance (PMI) and those required for government-backed loans.

The Second Mortgage: When Mortgage Gives Way to Mortgage Debt

Earlier, we said that mortgage isn’t always used for loans toward buying a house. A lot of people take out a mortgage debt in order to borrow money for something else, like your small business or college fees.

If you already have a mortgage on your house, then this loan is a second mortgage. Also called a junior lien, you only need to pay this loan after your primary mortgage.

Fixed-Rate vs Variable Rate Mortgage

When it comes to understanding mortgages, it’s important to know that there are two main types.

Fixed-rate mortgages have a set interest rate that remains the same.

Variable-rate mortgages, on the other hand, have an interest rate that changes over time. Many variable-rate mortgages have a lower starting interest rate than fixed-rate mortgages. But after an introductory period, the interest rate increases. Some variable-rate mortgages put a limit on how high your interest rate will go, but this is not the norm. Variable-rate mortgages tie to an index of interest rates. When that index increases, so do your interest rates.

That’s why it’s usually better to choose a fixed-rate mortgage if you have the option.

Is Zero Percent Financing a Good Deal?

Introduction to Zero-Percent Financing

Zero-percent financing has become a standard option with many traders today. While this was once a special offer, it’s now a very prevalent norm.

It’s a very attractive offer, too, because zero-percent financing is almost like having free money for 12 months (or however long the loan term lasts).

But at the same time, consumers tend to forget that it’s an advertising scheme designed to tempt you with products that you couldn’t ordinarily afford. So is it really that attractive?

How Zero-Percent Financing Works

Traders have special arrangements with their bank of choice to be able to offer interest-free loans. Typically, these are classic installment loans, with a fixed term and installment amount. Of course, there’s an important difference: namely, the lack of interest.

When you sign-up for zero-percent financing, the bank pays the loan payment directly to the seller. As the customer, you then pay installments directly to the bank.

Who Benefits?

The first entity to benefit from zero-percent financing is the trader, of course. Using this advertising and sales technique, they’re able to attract more customers. More customers mean more demand and more sales. Even if the business does end up having to pay the financing fee, they’ve already worked that expense into their selling prices.

Second, the bank benefits even though they’re losing out on potential interest-rate income. After all, when you sign-up for zero-percent financing, the bank gets some valuable information from you. And they can then use this data to customize offers for future contracts with you. As a result, they save on advertising costs.

But what about the consumer? What are the real pros and cons to zero-interest finance?


  • Acquisitions are available at no extra cost, despite the lack of equity capital.
  • You won’t need to dip into your savings or withdraw funds from your investments.
  • Temporary shortages in cash flow are less likely to affect your ability to pay.


  • Zero-percent interest rates are often only guaranteed for consumers with a very high credit score.
  • The loan terms are usually a lot shorter (24 to 36 months vs 60 months).
  • Traders typically limit zero-percent financing to less popular products.
  • There are sometimes hidden costs.
  • You have less room to negotiate prices, which are usually already higher than you’d pay at some competitors.
  • Cash rebates often offer better savings.
  • With zero-percent financing, aggressive advertising makes consumers believe you can afford to spend more money.
  • It will almost certainly hurt your credit score.


Zero-percent financing looks very attractive at first, but the more you look into it the more you realize it’s ill-advised. The trader’s employees are often more focused on making a sale to earn a commission. They aren’t always properly trained to answer questions and give explanations, so you take a big risk by agreeing to the zero-percent finance option.

Commonwealth Personal Loan 2019

Commonwealth Personal Loan 2019 means that the people Commonwealth Personal Loan 2019 who got that will use the money borrowed from the bank. And use it his or her own purposes. This For Commonwealth Personal Loan 2019 type is considerably smaller than mortgage. And it’s primarily used to buy a car, pay for the holiday or the fund a wedding.

This loan type’s duration is also much shorter than mortgage loans. The banks generally give their clients one to five years to pay their money back.

What Things Do You Need To Know About Personal Loans?

Many people in the world are interested in having personal loans for a variety of reasons. As I have explained below, one of the most important use cases is to buy a new or second-hand car. This is particularly common. Because lots of people in the world are buying new cars or changing them very frequently. To fund this move, they need to borrow a loan from the bank. For Commonwealth Personal Loan 2019, and pay later.

The important thing is, your personal loan interest rate will be considerably lower. So taking these loans for a variety of purposes is a wise idea. But sometimes, there will be some exceptions. If you are a loyal customer of one bank, they will pay you a zero interest rate credit card. If that happens, it makes sense for you to use that card for your purposes.

Another use case is certainly funding a wedding. In some countries, wedding costs could be more than others. So people need to borrow a person from the banks to fund it. For Commonwealth Personal Loan 2019, you can use that to fund a wedding, it is all okay!

Are They Secure Enough?

To get personal loans are likely to be much harder than the rest. That’s because you can’t show a bank what you’ve got as collateral. Which is essential to the banks because they need to know you can afford it or not. If your credit score is good, then you can take it. In fact, if your credit score is better, you can take much more money from the bank.

How Much Money Can I Get?

This will depend on your needs. As we said earlier, if you want to buy a car or fund a wedding, or going on a vacation, you can take a different amount of money, assuming your credit score is high enough. A personal loan means that the people who got that will use the money borrowed from the bank for his or her own purposes. This For Commonwealth Personal Loan 2019 type is considerably smaller than a mortgage and it’s primarily used to buy a car, pay for the holiday or the fund a wedding. Bank is ready to give you between $4000 and 50000 to get a personal loan which should be enough for your own needs.

Who Should Apply to Get Commonwealth Personal Loan 2019?

If you are over the age of 18 and can show a bank that you can pay the borrowed money, then you can get your personal loan to cover your needs. One thing for sure that, banks are now much more careful to give a personal loan due to a variety of reasons. One of the major concerns for the bank is that the people who get money from the bank, unable to pay it. This will trouble the banks and their balance sheets so they don’t want that to happen.

But if you have a good balance sheet and good credit score, and if you can prove the bank that you are more than capable of paying the money back to them, you can get your loan. During your meeting with the bank, you can choose how many years you want to pay their money back. The fewer years you choose, the less money you will pay. But your monthly payments will be higher in that case, so keep that in mind.

Options for Securing  Commonwealth Personal Loan 2019

Today, we are going to explain to you Commonwealth Personal Loan 2019 and see what kind of alternatives we have.

For Commonwealth Personal Loan 2019, the bank gives us three options as explained below.

The first one is the fixed-rate loan. In this type, the customer will stay in control of the proceedings with a fixed interest rate and fixed repayments during the payment period. This will give the customer some sort of breathing space as he or she will not be worried about future economic developments. For this loan type, the bank will ready to give between $4000 and $50000.

The second one is a variable rate loan. This will give flexibility to the customer to make extra repayments without a fee. In that case, the customer could redraw the available funds through the redraw facility. You can get $4000 to $50000 with this loan type.

Finally, the bank has secured car loan. With that, you will pay a lower interest rate by using your car as security. Just like the first one, you will also be in control with a fixed interest rate and fixed repayments for the life of the loan. This loan type is one of the most favorites around the customers for Commonwealth Personal Loan 2019 as it will give you a chance to make $1000 in extra repayments per year without a fee.

Spend Your Money Responsibly

After getting a loan from the  Commonwealth Personal Loan 2019, you should be careful of the way that you are spending your money. It’s easy to forget you owe a debt to the bank start spending like crazy. So keep that in mind that you still have a lot to pay to the bank and spend your money wisely. There were a lot of people in the past who struggled to pay back their loans due to some problems. Don’t be one of them, and spend your money carefully.

Westpac Personal Loan 2019

To get a loan from Westpac Personal Loan in 2019, one of the largest banks in Australia, you have to tell the bank what is your purpose to borrow this money.

The bank offers you six alternatives such as consolidate debt, buy a car, go on holiday, renovate, fund a wedding and fund several things

For these six reasons, the bank offers you three different loan options and you are free to choose one depending on your wishes to get the money from the bank.

How You Should Get a Loan from Westpac Personal Loan 2019?

All are very good but you should know a few more things before taking a loan from the Westpac. As all the banks in the world, Westpac is very careful when giving out a personal loan to its customers. The major Australian bank wants to be sure that its clients will have what it takes. To pay the money back to them because it is so essential for the company.

Banks are basically taking money from their customers and paying them an interest rate. While using this money to give loans to other people. So if they think the customer will not be able to pay them back. Then they have every right to cancel your loan, or not give you a loan.

So, before applying a Westpac Personal Loan 2019, you have to be sure that your credit score will satisfy the bank. If you are eligible (considering you are over 18 years old of age) you can apply for a personal loan. For lots of reasons, people around the world using these loan types. For example, you can take money from the bank to buy a new car, or you can take money from the bank to fund your wedding, or travel to another country, city, or region.

How Much Money Can You Borrow?

This is another question we are facing from the people who are interested in taking a Westpac Personal Loan 2019. We said before, this will depend on your needs. If you want to buy a car, your loan money could be high. If you want to go to a holiday for three or four days, then your loan money will be considerably cheaper. So if you are eligible to apply for a loan. You can get money between $4000 and $50000 from the bank. You will also reach an agreement with the bank about the repayment schedule. This could be between 12 to 84 months.

And some banks, including Westpac, have some options about repayment. If you pay a large sum of fee then the bank will create you another payment plan so you can pay your money.

How These Loan Works

This personal loan is a type of installment. Like any other thing in the world, you need to pay a certain amount. While borrowing someone’s stuff. This is no different. You are paying a fee to stay in a house that we called ‘rent free’. You are using their money for a certain period of time and you need to pay the money back to them. This is what we call an interest rate.

Also, there are two types of personal loans. One is secured. Which means your loan is backed collateral. It will be your another account from another bank, or your house, even your car. The thing is you are showing your bank that you can pay the money. Even in the worst case scenario. To get a secured loan is much easier than the other type, unsecured.

The other type is as we called earlier is unsecured loans. In that type, your loan is not backed collateral. In that case, the officer will be the decisive man. He will take a close look at your personal financial history. Including former loans (if there are any), your monthly income and other factors to decide whether you are qualified or not. This will much harder to get comparing to secured loans.

Types of Westpac Personal Loan 2019

Of course the bank will offer you a variety of options. If you decide to get a personal loan from the Westpac. Just like any other bank in the world, they want to serve their customers in the best possible way. So they offer you some types of loan in need of your own purposes. You can choose one of them.

The first type of Westpac Personal Loan 2019 is an unsecured personal loan. This loan type is particularly suitable for debt consolidation. Used car and refinance of an existing personal loan. Your interest rate is set at 12,99% p.a. and this rate is fixed. The loan amount must between $4000 and $50000. And the loan term will be around one to seven years. To repay it, you will need to pay the fixed amount monthly. It’s set out in your loan contract.

Other Types

The other option for Westpac Personal Loan 2019 is a car loan. If you want to buy a new or used car. Then this type is right for you. For that; you will need to pay %8.49 p.a. fixed interest rate. The money needs to between $10,000 and $100,000 and you will pay in it between one to seven years, again.

The final type is the Westpac Flexi Loan. This could be used in home renovations and wedding purposes. Your interest rate is not fixed at that case. But the bank said this rate is %16,49 p.a. at the moment. The loan amount is between $4.000 and $50.000. For that loan type, you have a redraw facility. Which is not present in the other type of loan deals.

Today, we explained to you how to get a personal loan from the Westpac Personal Loan 2019. One thing to keep in mind that you need to spend your money wisely and responsibly to avoid some sort of unwanted issues.

NAB Personal Loan 2019

NAB Personal Loan 2019

Like any other person in the world, you need some sort of money to cover your own needs. To get NAB Personal Loan 2019 is easy and the numbers showing us it gets better and better.

NAB Personal Loan 2019 Market is Growing

It is safe to say that the personal loan market is getting bigger and bigger each day. Some research from America stated that the number of people who get a personal loan from their banks has increased up to 30 million. This will make the personal loan market is the fastest-growing loan type all across the world.

But why is that? The answer is pretty straightforward. Some people, who are short of money but not income, want to cover some of their needs. To do that, they are looking to get a personal loan such as NAB Personal Loan 2019. With that option, they can buy the car they like, or they can go on holiday with their parents and families.

Personal Loan or Other Alternatives?

You are not short of options if you are looking to get money to fund some of your needs. Just like NAB Personal Loan 2019, you have other options to consider. And one of them is balance transfer credit cards. With that option, you can pay off your balance before the interest rate goes up and this is a common way amongst the people who are looking to borrow money from the banks.

There are other types of getting a personal loan as well. One of them is lenders and credit unions. With the help of the internet, you can apply them online. But this method could lead to some serious issues if you are not careful enough. In online platforms, some people claiming they are certified lenders but they are not. All they interested is to rob your money. So, please keep that in mind. And be careful against them. Never put your necessary information (such as credit card and fax number.)

If you think something is suspicious, please inform the relevant authorities to deal with the matter urgently.

The Types of NAB Personal Loan 2019

To get NAB Personal Loan 2019, you need to know what the alternatives and options are. Basically, there are two types of personal loans. One of them is, unsecured and the other is secured.

What’s the difference between the two of them? Well, unsecured NAB Personal Loan 2019 means that you don’t have any collateral to show the bank. So with that in mind, it’s more difficult to get because you need to convince the bank that you have what it takes to pay back the certain amount of money you are getting from them.

The other type is secured personal loans. To get a secure NAB Personal Loan 2019, you must show collaterals. This could be your home, your car, your saving accounts, etc. But the bottom line is, you are proving the bank that you have sufficient funds to pay the money back, even in the worst-case scenario.

How to Get NAB Personal Loan 2019?

It is now pretty easy to get a loan from one of the largest banks in Australia, NAB. NAB Personal Loan 2019 is currently a highly popular subject and today, we are going to explain to you what you should do in order to borrow money from the banks.

To get a loan from the NAB -also known as National Australia Bank- is perfectly simple. The bank has some benefits and features for its customers and you need to know before applying for a loan.

The first thing you need to know if you can get your money on the same day you applied if you are an existing customer of NAB. If you go to the bank before 2 pm and apply for a NAB Personal Loan 2019, you could walk away with your money on the same day. If the bank approves your application, your funds will present on your account within two hours.

How Much Can I Get?

Just like the other banks, NAB Personal Loan 2019 also allows you to borrow money between the range of $4.000 and $50.000. To repay that money, NAB gives you a loan duration between one to seven years and you can also choose fixed or variable interest rates options.

Also, to repay your money, you can choose weekly, fortnightly or monthly options. With that, you can adjust your plan according to your budget and your needs. NAB also allows its customers to make a lump sum of repayments if they want at any time, with no extra fee charged.

The interest rates for a NAB Personal Loan 2019 is similar to the other banks as well. According to the bank’s official website, the fixed rate for new loans is %12,69 p.a.; while the fixed comparison rate is currently set at %13,56 p.a. For new loans, the variable rate is set at %12,69 p.a.

What Things I Should Consider Before Applying?

You need to know what your credit score, it’s so essential before applying NAB Personal Loan 2019. If your credit score is not good enough, the bank will decide not to give you any money because of that. Also, there are other factors you should keep a close eye on You have to read the rules very carefully and be sure you met all the criteria that the bank is looking for.

Once you got the money, the hardest part will begin. You have to be careful and not overspend money. If you don’t do that and start spending as you will never pay anything back, then we can safely say that you are in trouble.

Many people in the world are struggling to pay their personal loans back and for that reason, banks are not looking to give them personal loans. So, you have to be very careful and keep that thing in mind all the time. If you spend your money wisely, then there will be no problems.

ANZ Personal Loan 2019: Things You Need to Know Before Applying for a Personal Loan

If you want to apply for an ANZ Personal Loan 2019, you need to meet some criteria. According to ANZ’s official website, these are the criteria that you must have:

  • Be at least 18 years old
  • Minimum income of $15,000 per annum
  • Be an Australian citizen, permanent resident or have a valid visa

Variable Rate Loans for ANZ Personal Loan 2019:

If you choose to have ANZ’s variable rate personal loan, your interest rate is %15,99 p.a. and the comparison rate is %16,84 p.a. For additional fees, ANZ says the customers must pay $150 loan approval fee as a one-off payment. In addition to that, the bank charges customers $10 monthly for loan administration charge, which will be paid at the end of each quarter. If you were late to make a payment on time, you should pay $20 late payment fee to the bank.

Fixed Rate Loans for ANZ Personal Loan 2019:

For ANZ Personal Loan 2019’s fixed rate loan plan, your interest rate is currently set at %12,45 p.a. This figure will up to %13,32 p.a. if you want to look at a comparison rate.

Just like the variable rate personal loan, you need to pay $150 loan approval fee as a one-off payment and bank will charge you $10 per month under the name of a loan administration charge.

If you want to buy a new or used car, you can use this ANZ Personal Loan 2019. Also, if you want to travel but you are short of savings, you can apply for this loan program as well. Other key areas that people are using personal loans for are wedding funding, debt consolidation, and other daily activities.

Your personal loan money must between $4000 and $50,000 and similar to the other Australian banks, you need to repay the money in between one to seven years. Bank also warns that these rates are subject to change.

Things to Take Care of While Applying for ANZ Personal Loan 2019

Now that we have given the basic details of a typical ANZ Personal Loan 2019, you would be keen to go in for the right loan to fulfill your requirement. But you must be careful of a few things that can help your loan application get approved fast. This also ensures that the ANZ Personal Loan 2019 actually helps you. Here are a few things you should keep in mind:

1. Maintain a Good Credit Score:

Every country has its own credit scoring system. Under this, institutions and individuals are graded for their credit quality. Banks and institutions which offer Australia Personal Loan 2019 usually refer to the Equifax score. You need to do everything necessary to keep this score as high as possible. It is good to know what the things that could reduce it are. These are things like late payments on loan EMIs, credit card payment defaults and earlier cases of bank rejection of the unsecured loan.

2. Borrow Only What You Need:

Getting a lump sum amount of money through an ANZ Personal Loan 2019 is always nice. But remember that you need to repay it too. So if you are eligible for an ANZ Personal Loan 2019 of $10000 but need only $8000, then make sure you don’t take a dollar more than you need. The extra money you get will be spent easily. But the repayment of the extra $2000 will throw your plans haywire.

3. Choose Interest Type Smartly:

You need to decide which type of interest calculation system works for you. We spoke above about the fixed rate personal loan and variable rate personal loan. Your bank will tell you the rates for both at any particular time, but the implications of your choice won’t be clear then. The implication of the type of rate would depend on the economy, and not just on you or your lender. So if you foresee a falling interest rate regime, for instance, only then would a floating rate make sense.

4. Read The Fine Print Too:

Many people applying for an ANZ Personal Loan 2019 make the mistake of only looking at the rate of interest. You should be aware that there are several other fees that would be charged from you. Some of them would be by default, like processing fee, while some others would be contingent upon your action. One example is a prepayment fee or a fee for asking for a statement of the loan.

5. Approval Time:

Another thing that many people often miss to check is the committed turnaround time. Depending on the process, different banks commit different completion times for an ANZ Personal Loan 2019. If you have lots of time in hand, then you can ignore the time taken. But if you are in a hurry, then that is the first thing you should check. In such situations, the time taken is even more important than the rate of interest.

6. Eligibility and Documentation:

Last, but not the least, is the eligibility criteria and documentation. You must remember that an ANZ Personal Loan 2019 is an unsecured loan. So the bank can have several selection criteria to ensure its own security. You need to check if you qualify on those counts. You must also check whether you have all the documents that the lender requires.

How to Improve Your Chances of Getting Approval for an ANZ Personal Loan 2019?

We did speak earlier on in this post about how an ANZ Personal Loan 2019 is a completely unsecured loan. This means that you would not be required to keep any collateral with the lending bank. This makes the bank’s situation quite risky. If a borrower defaults, there is very little that the bank can do immediately to recover the money. That is why banks take a lot of care before approving an ANZ Personal Loan 2019 to an applicant.

The credit score is one way Australian banks assess the repayment capacity (and willingness) of a personal loan applicant. This is a dynamic score that everyone is allocated. It increases with good credit behavior. But it decreases with defaults, delays, etc on your part. There is complete information sharing between all Australian banks. Therefore all good and bad you do with one bank gets immediately shared with all other banks. Here are a few things you can do to improve your credit score. This will also improve your chances of getting approved before you apply for an ANZ Personal Loan 2019.

1. Reduce Exposure to Loans and Cards:

If you are a credit card user, then you would know it is an unsecured loan as well. In case you have a number of active credit cards, it might work to your disadvantage. The banks might wonder why you need another unsecured loan when you have access to unsecured funds anyway. Try surrendering those credit cards you never use, before you apply for a personal loan. If you already have an outstanding loan, try to close it completely before applying for a new one.

2. Apply for ANZ Personal Loan 2019 Only to Select Few Banks, Not All:

Some people think that it is safer to apply to all possible banks when they need a personal loan. You must be aware that each such application hurts your credit score. Every bank mandatorily checks your credit history when you apply. This gets recorded on your score and is usually counted as a negative score. Try not to leave so many ‘footprints’ on your credit score when you will take the loan from just one bank.

2. Create Credit History If You Don’t Have One:

One quandary many people face is that they have no credit score at all. This is simply because they have never taken any loan before. This should be neither good nor bad news. But banks usually penalize you for not having a credit score. You need to look for banks that would give you a loan against a fixed deposit of money. And then repay the loan on time or before time to build a credit score. Someone without a credit score might ask, ‘if I had money for a fixed deposit, why would I need a loan?’ If that is the case with you then you might consider applying for a credit card instead. These are usually approved based on salaries or bank balances. Use the card on a regular basis and repay before the due date. This will help build your credit score.

Bottom Lines:

The attractive thing about a personal loan is that there is no collateral involved. Also, banks won’t usually ask for the end use of funds, as long as you fulfill the eligibility criteria. That is why you can use an ANZ Personal Loan 2019 for a variety of purposes. You just need to keep some things in mind before applying. Also, there are some perfectly legal steps you can take in order to improve your chances of getting your loan application approved easily.

axa car insurance

How to Choose the Cheapest Car Insurance in Australia (2019)

Getting the cheapest car insurance available solves two problems. First, if you have any kind of vehicle, you have to have insurance anyway. And second, it minimizes the cost.Because let’s face it – car insurance can be expensive.But it doesn’t have to be. And seeing as you have to pay for it anyway, it makes sense to pay as little as possible.

What Affects the Cost?

Before we start looking into ways to get the cheapest car insurance, it helps to know how companies set premiums.Your age and your gender are the two biggest factors here. The older you are and the longer you’ve been driving for the lower your premiums. But if you’re a man, you can expect to pay more than a woman.The age thing makes sense because more experience means you’re less likely to need a payout. Or at least, it usually does.But what about the gender gap?That’s because men tend to drive certain types of cars. Yes, the type of car you drive affects the cost of your insurance too! But it’s also because of risk. Women tend to drive and park more responsibly, which is a huge factor for insurance companies.But that doesn’t mean that you can’t get the cheapest car insurance just because you’re a man. Or because you’re younger, for that matter.You just need to know how to reduce costs.

Our Tips for Getting the Cheapest Car Insurance

We’ve put together a list of tips to help you get the cheapest car insurance. Keep these things in mind while comparing quotes and you’re sure to save some money.Also, take some time to read our guide on Understanding Insurance!

1. Car Size and Premium Size

The smaller and cheaper your car is, the lower your premiums will be.

2. Nominating Drivers Can Help You Get Cheaper Car Insurance (But Not Always)

Nominating a driver who is older than 25 and has a good driving record can sometimes lower costs. But be careful with nominations, because it can just as easily make things more expensive.

3. Restricted Access – No Under 25s

We’ve all been there: 17 years old and wanting to borrow mom or dad’s car for the weekend. But restricting the people allowed to drive your car can help lower your premiums. And remember – if any of the drivers are under 25, the insurance will cost more.

4. Don’t Use Your Car Much?

It can be a lot cheaper to choose “Pay As You Drive” car insurance then.

5. Self-Braking Cars Get the Cheapest Insurance

Not always true, but if you have a self-braking car, your premiums can cost 10% to 15% less.

6. Excesses

Excesses can make your car insurance cheaper or more expensive. Raising your excess limit will drop your premiums. That’s because you’ll be paying more and the insurance company will pay out less. But be careful going the co-payment route. After all, you’ll be paying more if something happens.

7. The Safety Factor

If your car has an alarm and/or immobilizer, and you keep it parked in a locked garage overnight, you’ll pay less for insurance.

8. Discounts

There are a few discount options to keep in mind when you’re looking for the cheapest car insurance.First, if you and your partner share a car and you both have good driving records, your insurance will cost less. And that’s especially true if you can ensure it under a woman’s name.Second, look for an insurance company that offers a No Claims Bonus Discount. That way, the better you drive, the more money you’ll get back.Third, if you have more than one policy with a company, then they might offer you a discount.Fourth, eco-friendly cars can sometimes qualify you for a discount.And finally, if you buy your insurance online, you can sometimes get it cheaper too.

How to Get the Cheapest Car Insurance if You’re Under 25

You probably noticed that some of the tips we shared above include being older than 25. But what if you’re under 25?Earlier, we said that it’s still possible to get good car insurance without having to pay too much. So here are some tips just for you! 

1. Choosing the Right Car for the Cheapest Car Insurance

The type of car you drive is going to be a factor in how much you pay for your insurance. So choosing the right type of car isn’t only going to save you money on the purchase price, but on your insurance premiums too.For example, don’t buy a sports car or any other type of high-performance vehicle. The more powerful your engine and the more modifications you add, the higher your premiums are going to be too. You should also check the ANCAP safety rating, how likely your type of car is to be stolen, and how much the parts cost to replace. All these things affect your premiums, so being smart about it will help you find the cheapest car insurance. 

2. Take a Defensive Driving Course and Keep a Good Driving Record

Taking a defensive driving course and having a good driving record will lower your premiums too. That’s because it shows you’re a responsible driver and less likely to need to file a claim.A good driving record takes time to build and maintain, though. So this will only help you cut costs in the long-run rather than immediately. But if you take a defensive driving course, it will help you get there quicker. 

3. Increase Your Excess

You need to be very careful with this, because the higher your excess, the more you pay out-of-pocket. But it can lower your premiums too. So choose a higher but affordable excess amount to get the cheapest car insurance.

How to Choose the Cheapest Travel Insurance in Australia (2019)

Travel insurance is something no one likes having to pay for. But if you’re planning on traveling, it’s something you need to have. However, that doesn’t mean it should cost an arm and a leg. Luckily, there are options for finding the cheapest travel insurance.

Why You Want the Cheapest Travel Insurance

You need to have travel insurance because it will help you spend less money in the long run. That sounds strange, but it’s true. You’ll spend a lot more money on an emergency if you don’t have travel insurance.But of course, you don’t want to spend too much. And that’s why you want the cheapest travel insurance you can get. As long as it covers everything you need to be covered, that’s okay! We all want to cut costs if possible.To help you with that, we’ve put together a list of the best tips on how to find the cheapest travel insurance. And if you’re confused by any of the words insurance companies use, take a look at our guide to Understanding Insurance!

1. Check What is and isn’t Covered

Your policy should cover any medical expenses that come up while traveling. But if you have ongoing medical treatment, you should check to make sure it’s also covered.

2. What Else Might Not Be Covered by the Cheapest Travel Insurance?

There are a few things that some of the cheapest travel insurance might not cover. For example, some sports and other types of activities. You also need to be careful about traveling to high-risk countries.And if you have a preexisting medical condition, always tell your insurance company. Otherwise, they can refuse to pay for anything!

3. What About Drugs and Alcohol?

This is something you need to be very careful about because it can affect your claims. A lot of insurance policies won’t pay if something happened after you’ve been drinking. And even if you were “spiked,” having any kind of drugs in your system can have the same result. It’s always better to be safe rather than sorry, so pay attention to this part of the contract!

4. Be Smart About Exclusions

All insurance policies are going to have exclusions, but you don’t want everything left out. So you should always be careful when choosing an insurance policy. Things like severe weather conditions, war, and terrorist acts especially. They can make things difficult when traveling. And if they’re excluded from your travel insurance, then they can be very expensive too.So it’s a smart idea to choose the cheapest travel insurance with the least exclusions.

5. Requirements and Payout Terms

Another thing you should pay attention to is the requirements. What type of documents do you need to give and when are they due? If you need to file a claim, this information is going to be very important.

6. Premiums and Upgrades

Of course, you want as much cover as possible. But you also want the cheapest travel insurance possible. So when you’ve found a few options you like, compare the premiums. And that means looking at the available upgrades/downgrades too.It’s always a good idea to ensure your baggage too, so pay attention to the added cost. Because sometimes, an upgraded policy that includes baggage is actually cheaper!

7. Take Advantage of Group Policies and Family Discounts for the Cheapest Travel Insurance

Whether you’re traveling for business or for pleasure, if you’re in a group, it’s cheaper to get a group policy. That way everyone can pool their money together and save.And it’s the same for families. Not all insurance companies do this, but some of the best will cover children for free.But be careful with group policies. People over 65 pay higher premiums and insurance companies set their rates by the oldest person in the group.

8. Always Buy Direct and Online

You can buy travel insurance through agencies and airlines. But they charge more. So if you want to save money, buy direct from the insurance company instead. And you can usually save even more by doing so online.

Other Things to Consider When Looking for the Cheapest Travel Insurance

Okay, so you’ve gone through our list and have narrowed down your options to two or three companies. But you can’t just throw a dart and decide which one to choose! And it’s not always as easy as simply picking the cheapest travel insurance either.Instead, there are a few more things you should think about to help you make a better decision. 

1. Should You Get an Annual Policy or will Single-Trip Cover be Enough?

It can be very tempting to only think about costs in the short-term, but if you should always think long-term instead. That’s because short-term savings can sometimes end up leading you to spend more in the long run!So while you’re looking for the cheapest travel insurance, think carefully about your travel habits. If you’re only going to be traveling this one time, then a single-trip policy is going to be the best option for you. But if you travel a lot in the year, for business and pleasure, then an annual policy will help you save money.However, you should look at the annual policy’s terms and conditions very carefully. That’s because they have a limit on the amount of time you spend on each trip! 

2. Do You Qualify for Loyalty Benefits?

If you already have other types of insurance (and we hope you do!), then you might enjoy customer loyalty benefits. Sometimes, its customer loyalty discounts make for an unexpectedly cheaper option. So keep that in mind when you’re looking for the cheapest travel insurance. 

3. Can You Get the Cheapest Travel Insurance Through Your Credit Card?

These days, you’ll often find that travel insurance is an added benefit with some credit cards. So you should also talk to your bank about this option.But try to keep this as an emergency option, because these aren’t the best travel insurance policies. There’s a lot of exclusions, and the more exclusions there are, the more you end up paying if something does happen.