Loan Products Categories - Page 2 of 2 - Loans Near Me - Find Car Loans, Home Loans & Personal Loans Near You

Fixed rate home loans are at their lowest ever — but they come with a catch

Fixed rate home loans are at their lowest ever — but they come with a catch By David Taylor The banks want to lock you in as a customer now for as long as they can.(ABC News: Grant Wignall) Interest rates in Australia have plumbed new depths since the Reserve Bank's monetary policy announcement on Melbourne Cup Day,

It's taken several weeks, but following a number of extraordinary policy measures by the RBA (including a formal adoption of Quantitative Easing), at least one bank has taken the decision to offer a three-year fixed home loan rate of 1.89 per cent.

That's low. In fact, according to interest rate comparison site, Mozo, it's the lowest commercial fixed interest rate (with an 80 per cent Loan to Value Ratio or LVR) the country has ever seen.

Fixed rates are dropping to all-time lows because the banks are desperate for your money. So far the evidence shows they're…

Newcastle Permanent to supply online lender Athena Home Loans with home loan funding

Newcastle Permanent to supply online lender and "mortgage disruptor" Athena Home Loans with an initial $300 million in home loan funding NEWCASTLE Permanent has joined forces with Athena Home Loans, with the Hunter-founded building society supplying the Sydney-based "mortgage disruptor" an initial $300 million in home loan funding. The Perm, in its 117th year of operations as one of Australia's largest mutual organisations with $11 billion in assets, and the comparatively new online lender Athena announced the strategic partnership in the national home loan market on Wednesday. Under the agreement, Newcastle Permanent will supply Athena with an initial $300 million in home loan funding with the potential for future transactions and a broader partnership. A statement from the Perm said it was able to seize the opportunity when it presented itself due to the organisation's "strong liquidity and capital reserves built over a numb…

NAB to offer six-month deferred loans for businesses

NAB to offer six-month deferred loans for businesses impacted by coronavirus

NAB is introducing a business loan package, which will enable small businesses to access up to $1 million.

Gerard Cockburn

NAB will offer small businesses loans of up to $1 million with a six-month pause on repayments. Picture: NCA NewsWire/Bianca De MarchiSource:News Corp Australia

National Australia Bank will defer loan repayments by up to six months for businesses urgently needing to access funds to endure the economic storm sparked by the coronavirus pandemic.

The major bank will implement a new loan scheme, which will allow small businesses to access up to $1 million, with no repayments required for the first six months of accessing the debt facility. NAB’s new Business Support Loan follows a revision of the SME guarantee scheme, which is providing businesses with debt that is partly backed b…

Westpac, St George: Banks hit by class action over car loan ‘flex commissions’

Alannah Fox was forced to pay a whopping $24,864 in interest for a 2015 Hyundai. Now, she and many other Aussies are fighting back.

Alexis Careycarey_alexis When Alannah Fox bought her first new car, she trusted she was getting a fair deal on her loan. Instead, the teachers’ aide, who was 25 at the time, was charged 12.99 per cent on a loan of just over $47,000 – which meant she had to pay a staggering $24,864 in interest for her 2015 Hyundai ix35. She claims she was only told of the interest rate after the deal was struck. “They didn’t tell me the interest rate until I went to pick up the car. We bargained hard on the initial price, but I believe they knew what they were doing and slugged me with the high interest rate to compensate,” Ms Fox said. Ms Fox is now one of the lead applicants in a new class action over shonky bank car loans, which leadi…