It’s hard to say you’re ‘living the dream’ when keeping tabs on your every financial move impinges on daily life. This constant battle means that when unforeseen circumstances arise – an expensive car service, hospital visit or vet bill, lifestyle choices can fall by the wayside.
How can you find the right loan that meets your budget and lifestyle goals?
Loans for home improvement
A secure home for a home development project is about doing your research into sourcing the best loan for your individual needs. If you already have a mortgage for your home, consult with your current provider to see if they can curate a lucrative loan plan to combine your mortgage with an additional loan scheme for your home renovation.
If that option is unfortunately out of your hands, then it would be best to look into comparing loans from corporate financial providers and commercial credit based lender agencies. Confirming online whether the interest rates, equity composition or per annum fees support your financial structure.
This involves learning how to condense and restructure your present loans into a new precise, minimal and single loan plan. In terms of your own business infrastructure, it’s wise to consider consolidating your business loan plans and find a good deal on a secure business loan.
How do you live “la vida loca” on a budget?
Holiday loans like home improvement ones are all about strategy and money savvy techniques to ensure the quality and quantity of a cost-effective holiday. If you’re frugal enough, you can settle with a low-credit rate credit card and only spend it on the limited amount money needed for the holiday. You can also reach out to numerous major bank lenders who can construct personal travel loans domestically and internationally in order to suit your holiday expenditure.
If you want to upskill then Australian citizen students and some abroad tertiary students are given the option of obtaining a Commonwealth Government loan scheme with HECS-HELP. This interest-free loan is designed to let students pay off their tuition bill for their degree after they reach an annual income of over $54,126. A beneficial loan scheme that unfortunately doesn’t cover many supplemental tools for education such as textbooks and lab equipment.
There is also the interest free FEE-HELP but unlike HECS this has a 25% loading fee and it is also indexed to inflation. However, Centrelink provide financial assistance like Youth Allowance, Austudy and ABSTUDY, which most tertiary students can apply for.
If you’re in your twenties, renting a house and buying a car can be the ultimate test for your credit rating. A car loan involves understanding all the terminology and budget planning to successfully equip yourself with the best loan suited to your lifestyle. A great resource tool online is the moneysmart.gov.au page where it goes through all the right steps towards grabbing the most beneficial loan for you.
Be careful not to misinterpret words, ignore fine print or sign any deals that could potentially affect your credit rating. Choose wisely and you should find yourself feeling more financially secure.