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Big Bank Hikes its Interest Rates |
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| Posted By LendingHub on June 13, 2009 No Comments » Filed under: Banking Industry |
Today the Commonwealth Bank of Australia (CBA) increased its home loan variable interest rate by 0.1% to 5.74% even though the official cash interest rates have been falling and we are in the middle of an economic downturn and global financial crisis (also popularly known as the GFC).
It’s interesting to note that the ‘big’ banks [...]
The GFC and Consumer Lending in Australia |
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| Posted By LendingHub on April 5, 2009 No Comments » Filed under: Banking Industry, Economics and Interest Rates |
There’s been a great deal of pessimism about the GFC (Global Financial Crisis), the economy, job prospects, the share markets in Australia (and the World) lately. Consumers are finding that the banks have started to tighten access to consumer loans and restrict lending all but their prime clients. In a country with four large banks [...]
Comparison Rates for Australian P2P Loans |
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| Posted By LendingHub on June 18, 2008 No Comments » Filed under: Banking Industry, Economics and Interest Rates |
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 [...]
Effect of the Credit Crunch for Borrowers and Consumers in Australia |
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| Posted By LendingHub on June 15, 2008 1 Comment » Filed under: Banking Industry, Economics and Interest Rates |
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 [...]
Peer to Peer and Social Lending Blogs |
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| Posted By LendingHub on May 26, 2008 No Comments » Filed under: Banking Industry, Investing and Lending, Lending Hub News, Peer to Peer and Social Lending |
If you’re looking for more information on peer to peer lending, social lending, social loans, micro lending or person to person finance then check out some of the blogs and resources below:
Peer to Peer Lending Blogs
http://www.peer-lend.com/
http://www.p2pnobank.com/
http://www.rateladder.com
http://www.wiseclerk.com/
http://www.onlinebankingreview.com.au/
US Based Peer to Peer Lenders
http://blog.prosper.com
http://blog.lendingclub.com/
http://blog.us.zopa.com/
Get informed and read up about social lending before you start borrowing or lending and you’ll [...]
How to Write a Good Application for a Personal Loan |
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| Posted By LendingHub on February 16, 2008 2 Comments » Filed under: Banking Industry, Online Loans and Finance, Personal Loans |
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 [...]
Effect of Inflation and Credit Availability on Interest Rates |
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| Posted By Ivan Mantelli on January 21, 2008 1 Comment » Filed under: Banking Industry, Economics and Interest Rates, Mortages and Home Loans |
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 [...]
