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...

Quick answer: Your car loan borrowing power is set by your income, existing debts and credit commitments, expenses, credit history and deposit. You can lift it before you apply by reducing or closing unused credit card limits, clearing small debts, saving a larger deposit or trade-in, and keeping a clean repayment record. See our car...

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...