Invest
Why Aussies should shop for better loan rates
Shopping around for a better rate on a mortgage or personal loan can yield hundreds of dollars in savings, according to Credit Simple.
Why Aussies should shop for better loan rates
Shopping around for a better rate on a mortgage or personal loan can yield hundreds of dollars in savings, according to Credit Simple.

Credit Simple chief executive David Scognamiglio says Australians can save “on average about $830” on their financial products if they are willing to shop around.
“There are a lot of challenger brands out there in the market pricing for risk, and particularly peer-to-peer lenders and some of the smaller companies,” Mr Scognamiglio told Nest Egg.
“You can get really sharp interest rates on personal loans, particularly if you have a good credit score so you can get down to that 7 per cent mark for a personal loan on a really good credit score if you shop the market well.”
Mr Scognamiglio said knowing your credit score was one way Australians could take advantage of better, risk-priced rates offered by these companies, adding that using your personal finance data to find better products is likely to become more popular.

“There’s a real drive for consumers to own their own personal financial information and I think we’re going to see that play out over the next five years,” he said.
“The government is building a set of rules and regulations to make the financial community provide consumers with access to their data in an easy electronic format where they can port it around, so we’re going to start to see this.
“If you’re a consumer, you really need to know what’s in your data, how to port it, and start to shop around the market for how they can use that information, because over the next five years it will result in better deals, easier ability to switch and a tonne of savings.”

Spending
Moneysmart study reveals Gen Z women more concerned about finances than men
A new research conducted by ASIC’s Moneysmart has unveiled the heightened levels of stress and concern regarding finances and the cost of living among Australian Gen Z women compared to their male ...Read more

Spending
The cost of politeness: Aussies out of pocket by $1,350 due to 'awkward tax'
It's the time of year when Australians dive into their pockets for festive events and gatherings, yet a recent study by PayPal suggests that many are too polite, or perhaps too embarrassed, to ask for ...Read more

Spending
Aussies can ‘NAB Now Pay Later’ with the last major bank to embrace BNPL
NAB has become the latest bank to enter the BNPL market. Read more

Spending
Aussie households spent $368 a week on transport after petrol price surge
Fuel costs have increased by 40 per cent over the past year, a new report from the Australian Automobile Association has revealed. Read more

Spending
Voters say reducing the cost of living should be the government’s top priority
Aussies have ranked high cost of living as the top issue that needs to be addressed by the next government. Read more

Spending
Bodies back Labor’s commitment to stronger BNPL regulation
All parties should commit to stronger regulations for the BNPL sector, according to Financial Counselling Australia. Read more

Spending
Household spending surges led by retail and recreation
Spending on retail, recreation and hospitality have continued to climb as COVID-19 case numbers and restrictions have eased. Read more

Spending
Banks extend financial assistance to flood-affected customers
A range of assistance is available from major banks to those impacted by flooding in NSW and Queensland. Read more

Spending
Moneysmart study reveals Gen Z women more concerned about finances than men
A new research conducted by ASIC’s Moneysmart has unveiled the heightened levels of stress and concern regarding finances and the cost of living among Australian Gen Z women compared to their male ...Read more

Spending
The cost of politeness: Aussies out of pocket by $1,350 due to 'awkward tax'
It's the time of year when Australians dive into their pockets for festive events and gatherings, yet a recent study by PayPal suggests that many are too polite, or perhaps too embarrassed, to ask for ...Read more

Spending
Aussies can ‘NAB Now Pay Later’ with the last major bank to embrace BNPL
NAB has become the latest bank to enter the BNPL market. Read more

Spending
Aussie households spent $368 a week on transport after petrol price surge
Fuel costs have increased by 40 per cent over the past year, a new report from the Australian Automobile Association has revealed. Read more

Spending
Voters say reducing the cost of living should be the government’s top priority
Aussies have ranked high cost of living as the top issue that needs to be addressed by the next government. Read more

Spending
Bodies back Labor’s commitment to stronger BNPL regulation
All parties should commit to stronger regulations for the BNPL sector, according to Financial Counselling Australia. Read more

Spending
Household spending surges led by retail and recreation
Spending on retail, recreation and hospitality have continued to climb as COVID-19 case numbers and restrictions have eased. Read more

Spending
Banks extend financial assistance to flood-affected customers
A range of assistance is available from major banks to those impacted by flooding in NSW and Queensland. Read more