Category: Home & Car loan

Refinancing a car loan is a strategy many Australian borrowers overlook. Yet it can provide significant financial advantages when approached correctly. With interest rates, loan terms, and personal circumstances constantly changing, refinancing offers a chance to reduce repayments, improve borrowing flexibility, and take control of your vehicle finance. Many car owners assume refinancing is only...

Purchasing your first home is an exciting milestone, but it can also be overwhelming. The financial requirements, paperwork, and long-term commitments often create uncertainty. For many Australians, the First Home Buyers Grant is a crucial tool that can help ease the burden and make homeownership more attainable. Understanding what the grant offers, eligibility criteria, and...

Borrowing power plays a major role in determining what kind of car you can afford and how comfortable your repayments will be. Many Australians assume their borrowing limit is fixed, but lenders actually assess a range of factors that can be adjusted with the right preparation. Increasing your borrowing power does not always require earning...

When deciding between a home loan redraw and a car loan, it’s important to weigh lower interest rates against loan terms. A dedicated car loan is usually the better choice for most people, as it encourages faster repayment of a depreciating asset. A home loan redraw can work if you’re highly disciplined and consistently make...

Purchasing a car is a significant milestone, but securing the necessary financing can be challenging without a good understanding of credit requirements. If you’re considering a car loan, it’s crucial to know about the minimum credit score for a car loan in Australia.  To qualify for a car loan in Australia, lenders generally prefer a...