Finance News - Page 21

Thinking about applying for a new loan or refinancing during COVID-19? It can help to know what lenders are looking for. Two insiders reveal the red flags that lenders may consider when assessing your application. If...

A number of elderly Australians and people who would typically rely on cash are about to receive a debit card from their bank, but many of them may be unfamiliar with how to set one up...

A report investigating home loan pricing at the big four banks has highlighted the importance for existing customers to take the reins and find a better home loan rate, or risk paying a "lethargy tax" of...

If you’re looking to cut down on your household expenses during the coronavirus crisis, it might be a good idea to contact your home insurer to see if they are offering relief to customers who need...

While shareholders of the bank may not be happy today, National Australia Bank has lowered one of its credit card interest rates for its customers ahead of the other major banks, continuing the trend of lower...

Virgin Australia has gone into voluntary administration, leaving many Velocity account members and credit card holders wondering what will happen to their frequent flyer points. While we wait to hear if a rescue package will emerge...

As Australians take stock of their financial situation during the coronavirus crisis, some may be looking closely at the value of their private health insurance. The cancellation of non-urgent elective surgeries and the closure of some...

ING will temporarily change its home loan application process due to the widespread disruption to many Australian incomes from the coronavirus fallout. Casual employees or contractors may not be considered for a mortgage under the bank's...

Coronavirus has delivered a financial blow to many homeowners. One way to potentially bring your costs down could be to refinance your loan, to take advantage of the lowest interest rates recorded in Australia’s history. Is...

Many Australians are doing it tough as the economic impacts of coronavirus are beginning to be felt. While these are hard times financially for many people, there are some things that you can take charge of...

Tracking of average home loan interest rates on our database shows the lowest rates can be found on fixed terms. An expert reveals what to consider when locking in during a time of high uncertainty. Australians...

If you have have been granted a six-month pause on your home loan repayments due to the coronavirus crisis, your credit rating will not be impacted, the Australian Banking Association (ABA) has announced. To support Aussies...

Australia’s largest bank is not waiting on the Reserve Bank of Australia, deciding to cut some variable interest rates prior to today’s monetary policy meeting for new borrowers and some existing customers. Commonwealth Bank has changed...

It was no April Fool's Day gimmick – Reduce Home Loans has slashed its home loan rates further, introducing the new lowest variable rate on Canstar's database. Non-bank lender Reduce Home Loans has surpassed all others...

Canstar’s Innovation Excellence Awards showcase a selection of the cutting-edge financial products that are helping Aussie consumers. Here we reveal why the judges selected this year’s Award winners. Each year, financial institutions are invited to submit...

Australians paying for hospital cover in their private health insurance policy will now be fully covered if they need to be hospitalised due to coronavirus, and most people’s premiums won’t go up for at least six...

New laws that will impact super savings, rental tenancies and income protection insurance are kicking in. Here’s a timeline of what to expect and who will be affected. 23 March 2020: Sweeping changes to NSW residential...

For the second time this month the Reserve Bank of Australia (RBA) has cut the cash rate. Here is our list of banks who have reduced their rates in response to this emergency announcement, along with...

The Australian government has announced a second coronavirus economic package, which “includes some of the most significant changes to social security payments Australia has ever seen”. Professor Peter Whiteford and Dr Bruce Bradbury take a look...

It’s officially a race to the bottom for home loan rates, with ING diving to among the lowest rates on our database for owner-occupier borrowers. How does your loan stack up? ING cuts fixed home loan...