The Comparison Rate
When assessing the effective cost of a loan, you will need to consider a few possible charges and not just the interest rate. Other costs and charges can include bank fees and up-front or settlement charges. The comparison rate (also called Mandatory Comparison Rate or MCR or the Effective Rate) is an interest rate […]
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The ‘credit crunch’ has now lasted for nearly year and is starting to have a fairly noticeable impact on consumers and borrowers.
The inability of many non-bank lenders to obtain funding for their loans means that there are now few competitors to the traditional banks (Wizard has been reported to be up for sale and RAMS […]
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Borrowers often ask us “how do I apply for a loan and what do I need to do to show I am a good borrower?”. To be seen as a good loan applicant and potential borrower virtually all lenders (whether its a bank, credit union or individual) want to understand three main features about you:
Can […]
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Interest rates in Australia have been increasing for some time now and in our view are likely to rise a little further yet. There are a number of factors that have driven the increase in the underlying cash rate to 6.75% (the Reserve Banks principle tool for affecting the future inflation rate) and also the recent […]
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Our Vision
Lending Hub is a privately owned business based in Sydney, Australia with a distinctly entrepreneurial and dynamic culture. Lending Hub’s vision is the create a dynamic online peer to peer platform for Australians to lend and borrow money in a safe and secure environment that complies with Australian corporate law and the Credit Code. […]
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As a new year approaches all of us here at the Lending Hub team wish you all the best for the festive season and a prosperous New Year. We have been working hard to get Lending Hub up and running so that very soon you wil be able to join our community and visualise peer […]
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If you are an entrepreneur who is just starting out on building a small business, getting additional funding to allow your business to grow is probably one of the most difficult tasks that you would have to face. If you decide to take out a loan from a bank or a traditional lending institution, you […]
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