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Clean up your credit score

To qualify for a personal loan at all, you'll first want to clean up your credit score by requesting a free copy of your credit report from one of the Australian credit bureaux (Experian, Equifa…...

Understand and check the comparison rate

When trying to picture the true cost of applying for a personal loan, a comparison interest rate considers any ongoing fees you might need to pay over the duration of your loan. Different comparison …...

Borrow only what you can afford

Work within your budget. Asking for more money than you need to accomplish your financial goals can put you in a vulnerable position when it comes to paying off the loan. ...

Choose the right lender

If you meet a potential lender's minimum requirements, you can likely pre-qualify for their services. Do this with various lenders and consider personal loans and different comparison rates that…...

Always pay on time

As with any type of loan, making your repayments on time can help you avoid penalty fees and potential damage to your credit score. ...

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