Tag: loan repayment strategies
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RBA Cash Rate Impact: Car Loan Rates vs. Home Loans
Interest rates have been a hot topic lately, especially with the Reserve Bank of Australia (RBA) raising the cash rate multiple times since 2022. While much attention has been on the impact on home loan rates, car loans have also been affected. The relationship between the RBA cash rate and car loan rates is an…
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Labor Introduces Bill to Reduce Student Loans by 20%
As parliament reconvenes, Labor is set to fulfill its election promise by introducing legislation to reduce student loans by 20 per cent. The bill is expected to garner support from both the Coalition and the Greens, impacting approximately 3 million Australians with outstanding loans under the Higher Education Loan Program (HELP). Student Loan Repayment Planner:…