Tag: loan repayment calculator
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Personal Loan Trends: Americans Owe $253 Billion, Delinquency Rates Drop
Personal loans have become increasingly popular in recent years, with the latest industry data showing that 24.6 million Americans collectively owe $253 billion in personal loan debt. While this amount is relatively small compared to other types of debt like mortgages and credit cards, it highlights the growing trend of personal loans among consumers. Your…
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Commonwealth Bank Customers Opt for Lower Home Loan Repayments
New data from the Commonwealth Bank reveals that a mere 14% of eligible home loan customers chose to decrease their direct debit repayments following the rate cut in February 2025. This rate reduction, amounting to 0.25% per annum, translated to potential monthly savings of up to $80 for customers with an average loan size of…