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Knowing your credit score before applying for finance can help.

Melanie Chan 2024-07-15T10:04:00.000Z ・ [ "<p>Thinking of applying for a<a href=\"/personal-loans/\" uuid=\"437f4c2c-150f-4efe-8146-8ff1c14d686f\" target=\"_self\" linktype=\"story\" story=\"[object Object]\"> personal loan</a> to fund overseas travel, home renovations or a major purchase?</p><p>Your credit score often plays a big role in securing personal finance. To help improve your chances of approval, you’ll need to understand what a credit score is. </p><h3><b>What is a credit score?</b></h3><p>A credit score, or credit rating, is a number lenders often use when deciding if they&#39;ll lend to you, how much, and at what interest rate.</p><p>Credit reporting agencies score in different ways, but a higher score typically means you’re considered less risky to lenders and more likely to get a better interest rate.</p><p>Your credit score is accompanied by a rating of Excellent, Very good, Good, Average or Below average. Generally, a credit score above 660 is considered Good.</p>", "<h3><b>What is a credit report?</b></h3><p>A credit report is a document containing a detailed record of your financial history, which is used to calculate your credit score.</p><p>It’s a comprehensive report including information such as the types of credit products you have, your repayment history, and any defaults on past rates, utilities or loans.</p><h3><b>How to check your credit score and credit report</b></h3><p>Checking your <a href=\"https://www.liberty.com.au/blog/loan-school/do-you-know-what-s-in-your-credit-file\" target=\"_self\" linktype=\"url\">credit report</a> is important to ensure its accuracy and determine how you’re tracking before you apply for a personal loan.</p><p>You can check your credit score by requesting your credit report from a credit reporting agency. You’re entitled to a free report every three months, accessible online in minutes.</p>", "<h3><b>Keeping your credit score in good condition</b></h3><p>Credit scores change based on your financial behaviour. Here’s how to help keep yours in good shape:</p><ul><li><p>Check your credit report annually to ensure accuracy and fix any mistakes</p></li><li><p>Pay rates and utilities on time to avoid defaults appearing on your credit report</p></li><li><p>Pay off loans and credit cards on time, even if it&#39;s just the minimum amount</p></li></ul><p>Ready to take the next step in your personal lending journey? Get your <a href=\"https://personal.liberty.com.au/apply\" target=\"_self\" linktype=\"url\">personalised rate</a> online in minutes.</p><p></p>" ] min read

Get back on track and simplify your repayments.

Jess Dickers 2024-07-04T09:00:00.000Z ・ [ "<p>Juggling multiple debts can make your budget more difficult to manage, but there may be an easier way.</p><p>Consolidating existing debts using a <a href=\"/blog/loan-school/the-ultimate-guide-to-personal-loans\" uuid=\"e5c56c9f-9a73-4968-9e88-3f5593caf9d2\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">personal loan</a> could help you gain greater control of your finances and potentially put more money back into your pocket.</p><h3><b>What is debt consolidation?</b></h3><p>If you have debts from a few different sources, it can be easy to lose track of what payments are due and when.</p><p>Debt consolidation involves merging multiple debts into one loan with one simple repayment.</p><p>Lenders such as Liberty can help you to consolidate different types of debts including car loans, tax debt, credit cards, utility bills, and payday loans.</p><p>Consolidating multiple smaller debts can be a proactive way to get on top of repayments and reduce your risk of missing payments.</p>", "<h3><b>Why use a personal loan to consolidate debt?</b></h3><p>Using a personal loan to consolidate debt allows you to take advantage of the personal loan’s features. These could include reduced interest rates, lower repayments, or more flexible loan terms.</p><p>You could end up paying less on the one repayment, than when you were repaying various debts from different sources. By reducing repayments, you could free up cash flow for other purchases or to save for a <a href=\"/blog/loan-school/keep-your-goals-on-track-with-a-personal-loan\" uuid=\"4a4ca70e-d383-4ee8-9fa2-3cb64b55d3cc\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">long-term goal</a>.</p><p>A personal loan also provides the certainty of fixed repayments which could make it easier to stay on top of your budget.</p>", "<h3><b>How do I consolidate debt with a personal loan?</b></h3><p>Here are some of the steps you might wish to take when looking to consolidate debt with a personal loan:</p><ul><li><p>Assess your debts ─ listing all outstanding debts including amounts owed and current rates.</p></li><li><p>Compare options ─ find a lender, loan option, and personalised rate that works for your circumstances.</p></li><li><p>Loan application ─ apply for the personal loan, ensuring you have all the correct documentation.</p></li><li><p>Pay off debts ─ once your new loan funding is secured, your old debts can be paid out.</p></li><li><p>Stay on track ─ as you continue with your new repayment schedule, check in with your lender if you need any further support with your new loan. </p></li></ul><h3><b>What type of personal loan can I use?</b></h3><p>There are two types of personal loans for debt consolidation ─ <a href=\"/blog/loan-school/secured-and-unsecured-personal-loans\" uuid=\"a1b7a985-88b6-43af-a6b6-ddd32da70203\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">secured and unsecured personal loans</a>. </p><p>Secured personal loans require you to provide an asset as collateral. This level of security helps determine interest rates, as unsecured loans can be riskier for the lender.</p><p>Whether an unsecured loan is approved by a lender is based solely on the lender’s review of your ability to repay the loan. They generally suit borrowers who don’t own any significant assets, but who have a strong credit history and a solid financial position.</p><h3><b>Explore your options</b></h3><p>If you’re dealing with multiple debts and looking for an easier solution, using a personal loan for debt consideration could be the answer.</p><p>At Liberty, we can help you find a lending solution and personalised rate that aligns with your circumstances. Explore our free-thinking personal loan options <a href=\"/personal-loans/\" uuid=\"437f4c2c-150f-4efe-8146-8ff1c14d686f\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">here</a>.</p>" ] min read

Embark on your next adventure sooner.

Robyn Slater 2024-07-01T15:46:00.000Z ・ [ "<p>Dreaming of a holiday but conscious about the costs? A <a href=\"/personal-loans/\" uuid=\"437f4c2c-150f-4efe-8146-8ff1c14d686f\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">personal loan</a> for travel purposes could be the ticket to your next vacation.</p><p>Travel loans can be used to help you explore the world, without compromising your savings.</p><p>Take a closer look at holiday loans and how they could help fund your next trip.</p>", "<h3><b>What is a travel loan?</b></h3><p>A travel loan is a personal loan designed to cover your holiday-related expenses. You apply for the amount you need and choose a repayment term that suits your budget, making it a flexible option to fund your next vacation.</p><p>Once your application is approved, you receive a lump sum which can be used to cover various aspects of your trip as needed.</p><p>Whether you’re planning a winter getaway, beach holiday or exploring a new destination, a holiday loan could be a helpful financial companion.</p>", "<h3><b>Why choose a travel loan?</b></h3><p>A travel loan could support you to embark on your next adventure sooner by helping you <a href=\"/blog/free-thinking/budgeting-your-way-to-your-next-holiday\" uuid=\"e66f8744-1a04-43e4-b7e3-5b437eebde03\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">manage your budget</a> and the costs involved with making it happen.</p><p>Instead of dipping into your savings upfront, the fixed repayment plan of a travel loan allows you to spread the costs of your trip over a set period.</p><p>Depending on the lender, loan terms can range from one to seven years giving you the flexibility to choose a repayment option best suited to your circumstances.</p><p><a href=\"/blog/free-thinking/four-reasons-why-a-personal-loan-could-replace-your-credit-card\" uuid=\"74f1f36e-7ebc-4ce4-a5bd-a3601a58050c\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Compared to credit cards</a>, a holiday loan typically offers lower interest rates with a predictable repayment schedule. You can also borrow a larger amount providing you with a clearer budget and the ability to cover greater travel expenses.</p>", "<h3><b>What can I use a travel loan for?</b></h3><p>Whether you’re making bookings in advance or spending while on vacation, a travel loan has a range of uses. From flights to accommodation, tours, travel insurance, dining, or shopping, it can be used for simple expenses or to elevate your experience.</p><p>The versatility of a holiday loan means you can tailor it to meet you travel needs. It could help you finance part, or all the expenses related to your getaway.</p>", "<h3><b>How can I get a travel loan?</b></h3><p>Applying for a travel loan is like applying for any other unsecured personal loan. A good first step is to figure out your holiday budget and how much you may need to borrow. </p><p>Once you’ve decided on the loan amount, start researching and comparing different lenders to find terms and interest rates that could work for you and your circumstances.</p><p>Many lenders offer fast online applications to help you lock in your vacation plans sooner. Some lenders, like Liberty, may even be able to approve and deposit the funds within 24 hours, depending on who you bank with. This quick process could help you secure your trip without delay.</p>", "<h3><b>Who can provide support?</b></h3><p>If you’re ready to book in your next holiday, explore how a holiday loan could help make your travel goals a reality.</p><p>At Liberty, we can help you find a lending solution and personalised rate that aligns with your circumstances. Explore our free-thinking personal loan options <a href=\"/personal-loans/\" uuid=\"437f4c2c-150f-4efe-8146-8ff1c14d686f\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">here</a>.</p>", "<p>Approved applicants only. Lending criteria apply. Fees and charges are payable. Liberty Financial Pty Ltd ACN 077 248 983 and Secure Funding Pty Ltd ABN 25 081 982 872 Australian Credit Licence 388133, together trading as Liberty Financial.</p>" ] min read

Make sure you know how yours stacks up before applying for finance.

Jess Dickers 2024-06-07T10:00:00.000Z ・ [ "<p>When assessing a loan application, lenders look at your <a href=\"/blog/loan-school/can-i-get-a-mortgage-with-no-credit-history\" uuid=\"abc1210f-a4a9-4c4e-81a9-b30eafbe0cbb\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">credit file</a> to help determine your suitability. </p><p>However, very few Australians actually know what’s in their credit file and how it could impact their future lending goals.</p><p>Here are the top three reasons why you should check your credit file.</p><h3><b>1.\tPlan around your credit score</b></h3><p>If your credit history is less than perfect, it could reduce your lending options. The strict assessment criteria of many traditional lenders means they often won’t consider an applicant with credit issues.</p><p>Checking your credit file before applying for a loan allows you to engage with a more <a href=\"/find-my-loan\" uuid=\"f00b66d2-2467-4e70-bd10-902445151e49\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">flexible lender</a> from the get-go. </p><p>This avoids unnecessary ‘hits’ (notations made by each lender a credit application is made with) on your credit file, which could further deteriorate your credit score.</p><h3><b>2.\tEnsure there are no mistakes</b></h3><p>Let’s be honest – sometimes mistakes happen. In some instances, credit files have been found to have errors, from small mistakes such as an incorrect name, through to inaccurate records of unpaid defaults.</p><p>So, it’s a good idea to regularly check a credit file to ensure there are no mistakes that may impact an application.</p>", "<h3><b>3. Determine the application timing</b></h3><p>Knowing the cause of poor credit history might mean it makes sense to delay any applications. Credit enquiries, defaults, clear-outs, and court judgements remain on a person’s credit file for five years.</p><p>If you have a default listed on your credit file that is due to drop-off in three months, it might be worthwhile making the application after the default is removed.</p><h3><b>How to access your credit file</b></h3><p>Anyone can go online and request their file from a credit reporting body, and it won’t appear as a ‘hit’. You can access your credit file for free once every three months.</p><p>If your credit file isn’t what you were hoping for, there could still be options available.</p><p>To explore the next steps in your lending journey, speak with a <a href=\"/about-us/find-an-adviser\" uuid=\"b5701f78-b8e3-452b-8071-ce020698bab0\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Liberty Adviser</a> today.</p>" ] min read

What to consider before you buy.

Jess Dickers 2024-05-31T15:34:00.000Z ・ [ "<p>Stepping onto the property ladder is a significant goal for many Australians wanting the stability and equity of a long-term investment. </p><p>If you’re thinking about making <a href=\"/blog/investor-central/are-you-ready-for-property-investment\" uuid=\"317908be-b85a-40c8-a3f7-372be6eafcd7\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">the move from renter to homeowner</a>, let’s explore current considerations and opportunities. </p><h3><b>Navigating market trends</b></h3><p>Increased interest rates have put pressure on the market, resulting in rising rental prices. This is combined with the number of available rentals not meeting demand.</p><p>If you’re saving for a home deposit, now could be a good time to <a href=\"/blog/loan-school/alternative-pathways-to-owning-your-own-home\" uuid=\"025004a9-f67f-4927-8075-974a1e61f6e1\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">explore your options</a>. The sooner you enter the property market, the faster you can start reducing your own mortgage, rather than a landlord’s.</p>", "<h3><b>A long-term investment </b></h3><p>Buying a house is generally seen as a stable long-term investment because the value of the property is likely to increase over time. </p><p>As you pay off your principal, you’ll be creating equity which could potentially be the key to buying another property or larger investment in the future. </p>", "<h3><b>Alternative deposit options</b></h3><p>While increasing property values are great for homeowners, it could mean the price to buy becomes more expensive. Some borrowers might wait until they have a higher deposit before starting to house hunt, but in the time it takes to save a 20% deposit, prices could further rise.</p><p>Some lenders, like Liberty, offer alternative options including <a href=\"/home-loans/low-deposit-home-loans\" uuid=\"8bbae52f-72b8-480e-8e6e-0a9137f862e0\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">low deposit home loans</a> to help you get into the market sooner. These allow you to borrow up to 95% of the property value to help kick start your homeownership journey. </p><p>Lending costs such as Lenders Mortgage Insurance (LMI) could also be added into your loan and paid over time. This could mean you might not have to save as much for your deposit.</p><h3><b>Embracing stability </b></h3><p>Renting offers flexibility because you’re not locked in beyond your current rental agreement. However, there is the risk the landlord doesn’t renew your lease.</p><p>In comparison, homeownership offers security. Some lenders will also consider past rental payments as evidence you’ll be able to service a mortgage. </p>", "<h3><b>Next steps?</b></h3><p>In the journey to homeownership, it can be helpful to seek expert advice. A <a href=\"/about-us/find-an-adviser\" uuid=\"b5701f78-b8e3-452b-8071-ce020698bab0\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Liberty Adviser</a> can help you discover how much you can borrow and guide you on the path forward. </p><p>Reach out to a Liberty Adviser today to start exploring your property options.</p>" ] min read

How medical loans could help you look and feel your best.

Natasha Vrsecky 2024-05-29T23:59:00.000Z ・ [ "<p>Life is full of twists and turns, making it easy for your health and wellbeing to take a backseat.</p><p>By providing access to upfront funds, a personal loan could give you the support you need on your medical, dental, or eye-care journey.</p><p>Here’s how...</p>", "<h3><b>Seeing a specialist</b></h3><p>Whether you’re dealing with skin conditions, acute injuries, or other ongoing health concerns, consulting a medical specialist is often an important step.</p><p>While specialists offer tailored treatments and expert care, their service costs can add up quickly.</p><p><a href=\"/personal-loans/medical-loans\" uuid=\"2aa537c6-0dad-47b9-ae10-3e99e8052e68\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Medical loans</a> could help you manage out-of-pocket expenses by spreading them over time. This could give you the flexibility to choose your preferred healthcare provider, bypass waiting lists, and find a treatment plan that works for you.</p>", "<h3><b>Investing in your vision</b></h3><p>While eye health is easily taken for granted, it has a significant impact on your day-to-day of life. </p><p>Investing in the right care could be essential in preventing vision loss and, in some cases, helping you see clearly again.</p><p>From routine check-ups to laser eye surgery and beyond, optical and laser loans could help you cover the cost of a range of appointments and look towards a brighter future. </p><h3><b>Improving your dental health</b></h3><p>Dental costs can be overwhelming, which often leads people to overlook their options.</p><p>With flexible terms and fixed repayments, dental loans could bring necessary treatments within reach. These include teeth whitening, braces, fillings, root canals, dentures, and crowns.</p><p>Providing the freedom to choose the best dental plan for your needs, a personal loan could help to make long-term health solutions more accessible and put a smile on your face, sooner.</p>", "<h3><b>Feeling and looking your best</b></h3><p>Your relationship with your appearance can significantly impact your self-esteem.</p><p>From enhancing features to undergoing major reconstructions, medical loans offer the versatility required to finance a range of cosmetic procedures.</p><p>By making upfront costs more manageable, these loans could provide access to top-quality practitioners and help you with the boost you seek.</p><h3><b>Managing unexpected expenses</b></h3><p>Whether it’s an ambulance ride, emergency room visit, or unplanned surgery, large medical bills can come out of the blue.</p><p>That’s when <a href=\"/blog/loan-school/keep-your-goals-on-track-with-a-personal-loan\" uuid=\"4a4ca70e-d383-4ee8-9fa2-3cb64b55d3cc\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">personal loans</a> could be an important part of your financial backup plan.</p><p>Typically paid in one lump sum, medical, dental, and laser loans offer a quick and easy solution — empowering you to address medical needs when they arise.</p><h3><b>How do I apply for medical, dental and laser loans? </b></h3><p>While personal loan applications vary from lender to lender, it is usually a simple process. Steps could include: </p><p>•\tEstimating your <a href=\"/globals/ctas/personal-loans-apply-online\" uuid=\"0d6fb31e-df13-4003-a920-7dd62fbf9843\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">interest rate online</a></p><p>•\tDetailing how you plan to use the funds</p><p>•\tProviding specific documents and information, including ID and proof of income. </p><p>If the lender is satisfied with your application, they will verify the documents provided and send you important information about your loan. </p><p>Depending on your circumstances, lenders like Liberty may offer same-day funding — helping you move through your health and wellbeing journey even faster. </p><h3><b>Who can provide support?</b></h3><p>From covering the cost of specialist consultations to managing unexpected expenses, a personal loan could provide valuable peace of mind.</p><p>At Liberty, we can help you find a lending solution and personalised rate that aligns with your circumstances. Explore our free-thinking personal loan options <a href=\"/personal-loans/\" uuid=\"437f4c2c-150f-4efe-8146-8ff1c14d686f\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">here</a>. </p>", "<p></p><p>Approved applicants only. Lending criteria apply. Fees and charges are payable. Liberty Financial Pty Ltd ACN 077 248 983 and Secure Funding Pty Ltd ABN 25 081 982 872 Australian Credit Licence 388133, together trading as Liberty Financial.</p>" ] min read

Get a jumpstart on your new financial year.

Natasha Vrsecky 2024-05-29T23:59:00.000Z ・ [ "<p>Beyond the paperwork and number crunching, tax time could help you step into the new financial year on the right foot. Here are some tips to make the most of it!</p>", "<h3><b>Shop smart with EOFY sales</b></h3><p>As the end of financial year (EOFY) approaches, many retailers offer significant deals and discounts. Whether you need new homewares or office essentials, EOFY sales can help you save on the items you may need in the coming months.</p>", "<h3><b>Put your tax return to good use</b></h3><p>If you’re expecting a tax refund this year, here are some smart strategies to get the most out of it. </p><p><b>Pay off your loans</b></p><p>While it might not be the most glamorous option, using your tax refund to make extra repayments on your loans could set you up for long-term success. Whether it’s a mortgage or <a href=\"/blog/loan-school/keep-your-goals-on-track-with-a-personal-loan\" uuid=\"4a4ca70e-d383-4ee8-9fa2-3cb64b55d3cc\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">personal loan</a>, reducing the principal could mean you pay less interest overall and become debt-free sooner.</p><p><b>Add value to your home</b></p><p>Investing your tax refund in home improvements can enhance your living space and increase your property’s value. From minor repairs to small renovations, this is an opportunity to give your home the attention it deserves.</p><p><b>Boost your savings</b></p><p>Adding your tax refund to your savings could be another smart move as some deposit accounts offer bonus interest. This means you could earn income on your investment while maintaining a safety net of emergency funds. Increased savings may also provide the flexibility you need to take new opportunities for travel or starting a hobby. </p>", "<h3><b>Spring clean your finances</b></h3><p>Since you’ve already dusted off your documents for tax time, why not take this opportunity to <a href=\"/blog/free-thinking/five-simple-ways-to-a-healthier-hip-pocket\" uuid=\"8921f51a-713c-4acc-8a41-a1e8a11bd88d\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">refresh your finances</a> too? From cutting unnecessary costs in your budget to exploring refinancing options for your home loan, the improvements you make today could have a positive impact down the line. </p>", "<h3><b>Seek expert support</b></h3><p>Shopping smart during EOFY sales, making the most of your tax refund, and reviewing your finances are all great ways to take advantage of tax season. For help achieving your lending goals in the new financial year, chat with a <a href=\"/about-us/find-an-adviser\" uuid=\"b5701f78-b8e3-452b-8071-ce020698bab0\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Liberty Adviser</a> today. </p><p>Note: It is important to consider your taxation options with an accountant.</p>" ] min read

What option could work for your situation?

Jess Dickers 2024-05-28T11:56:00.000Z ・ [ "<p>A personal loan could help you reach your goal sooner with fast access to funds, but what loan should you apply for ─ secured or unsecured?</p><p>Here are the differences between them to help you determine which one could be suitable for your needs. </p><h3><b>Secured personal loans</b></h3><p>A <a href=\"/personal-loans/secured-personal-loans\" uuid=\"90be67ce-9427-4f58-84a2-2c73cccfaa58\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">secured personal loan</a> requires you to provide an asset as collateral in case you’re unable to meet the agreed loan repayments in the future.</p><p>With an asset such as a car used as security, the interest rates for secured loans tend to be lower because there is less risk to the lender.</p>", "<h3><b>Unsecured personal loans</b></h3><p><a href=\"/campaign/unsecured-personal-loans\" uuid=\"4ca6d4d8-609f-437e-b815-c666bba89f9d\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Unsecured personal loans</a> do not require assets as collateral and the loan amount is based on your ability to repay. They often suit borrowers who have a strong credit history but don’t own any assets.</p><p>If you default on an unsecured loan, the lender lacks any assets to sell to cover the amount owing so interest rates are typically higher.</p>", "<h3><b>How can I use a personal loan?</b></h3><p><a href=\"/blog/loan-school/the-ultimate-guide-to-personal-loans\" uuid=\"e5c56c9f-9a73-4968-9e88-3f5593caf9d2\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Whether secured or unsecured, personal loans</a> provide fast access to funds with predictable fixed repayments. There are a variety of uses for a personal loan, including: </p><ul><li><p>Travel </p></li><li><p>A new car</p></li><li><p>Debt consolidation</p></li><li><p>Home renovations</p></li><li><p>Covering medical costs</p></li><li><p>Bridging cash flow gaps</p></li><li><p>Weddings and celebrations</p></li></ul><p></p>", "<h3><b>How do I get a personal loan?</b></h3><p>Liberty offers both secured and unsecured personal loans with personalised rates. Accessing funds is also quick and seamless due to the simple online application process. </p><p>If you’re looking for cash flow quickly to make your dreams a reality, <a href=\"/personal-loans/\" uuid=\"437f4c2c-150f-4efe-8146-8ff1c14d686f\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">explore your options here</a> to find a free-thinking personal loan that works for you. </p>" ] min read

Learn more about flexible options for self-employed borrowers.

Robyn Slater 2024-05-15T15:46:00.000Z ・ [ "<p>If you’re a business owner seeking funding, but your financials aren’t up to date, a <a href=\"/business-loans/low-doc-business-loans\" uuid=\"5838dfc3-b759-4a6b-9da3-95efcb3b426f\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">low doc business loan </a>could be the solution.</p><p>With fast and flexible funding, a low doc business loan could help grow your business and capitalise on opportunities as they come.</p><p>Here’s a breakdown of low doc business loans and how they could help put your ideas into action.</p>", "<h3><b>How is it different?</b></h3><p>Standard business loans typically require detailed financial records including current tax returns, financial statements, and proof of income.</p><p>In comparison, low doc loans require fewer forms of documentation. It’s a great option for self-employed borrowers who may not have the paperwork required for a traditional business loan.</p>", "<h3><b>What documents do I need?</b></h3><p>A low doc business loan uses alternative forms of income verification to service the loan. The documents needed will vary depending on your individual circumstances, but you may need to provide:</p><ul><li><p>Recent bank statements</p></li><li><p>Business Activity Statements (BAS)</p></li><li><p>Accountant’s declaration</p></li></ul><p>For support preparing your paperwork, consider speaking with a lending expert like a <a href=\"/about-us/find-an-adviser\" uuid=\"b5701f78-b8e3-452b-8071-ce020698bab0\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Liberty Adviser</a>.</p>", "<h3><b>What are the common uses?</b></h3><p>A low doc business loan could support you with a <a href=\"/blog/biz-wiz/must-ask-questions-before-getting-a-business-loan\" uuid=\"a12118c3-53dd-4309-b5f0-a045475c886b\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">variety of business needs</a>. Whether you’re just starting out or expanding your business, it can be a flexible borrowing option.</p><p>If your expenses are due sooner than your income, a low doc business loan could help manage your cash flow.</p><p>From upgrading equipment to making the most of opportunities that arise, this lending option could support the next steps on your business journey.</p>", "<h3><b>Who can provide support?</b></h3><p>Every business has its own set of needs, so choosing a loan that aligns with them is important.</p><p>A lending expert such as a <a href=\"/about-us/find-an-adviser\" uuid=\"b5701f78-b8e3-452b-8071-ce020698bab0\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Liberty Adviser</a> can help you navigate your options. </p><p>If you’re considering a low doc business loan or other lending solution, contact a Liberty Adviser today for support and guidance.</p>" ] min read

How comparison rates could help you make an informed decision.

Robyn Slater 2024-05-15T15:46:00.000Z ・ [ "<p>From funding your next getaway to making home improvements, you might be considering a <a href=\"/personal-loans/\" uuid=\"437f4c2c-150f-4efe-8146-8ff1c14d686f\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">personal loan</a> to help bring your grand ideas to life.</p><p>When comparing personal loans, check out the comparison rate. Lenders must display their comparison rates alongside their interest rates, and it can be a helpful factor in deciding if a loan is right for you.</p><p>Here’s what to know about comparison rates and why they’re worth a closer look.</p>", "<h3><b>What is a comparison rate?</b></h3><p>While an interest rate explains the rate of interest you’ll pay on a loan, a comparison rate is an adjusted figure which can provide a clearer picture of a loan’s true cost.</p><p>Comparison rates are calculated using the interest rate, as well as other fees and charges associated with the loan. These typically include upfront fees, any ongoing costs and discharge fees.</p>", "<h3><b>Why is a comparison rate useful?</b></h3><p>A comparison rate can help you look beyond enticing low-interest rates by revealing hidden fees that could lead to higher costs over time.</p><p>When considering your loan options, a comparison rate could help you make an informed decision that aligns with your budget and lending goals.</p>", "<h3><b>What is excluded from a comparison rate?</b></h3><p>While they can be a great way to help you compare loans, keep in mind there may be a few costs that comparison rates don’t include.</p><p>Also, a comparison rate is just one factor to consider. It&#39;s important to explore the features of the loan to ensure you find an option that’s right for you.</p>", "<h3><b>How to get started</b></h3><p>If you’re looking to take the next steps in your loan journey, you can get a <a href=\"https://personal.liberty.com.au/apply?aaid=1001099B-CD59-466F-B745-87CDEDB0A41D\" target=\"_self\" linktype=\"url\">personalised comparison rate</a> with Liberty.</p><p>Simply enter your details <a href=\"https://personal.liberty.com.au/apply?aaid=1001099B-CD59-466F-B745-87CDEDB0A41D\" target=\"_self\" linktype=\"url\">here</a> and receive a tailored interest and comparison rate based on your credit profile. You could get a rate quote in under 2 minutes, without affecting your credit score.</p><p>Discover your personalised rate today to help make an informed decision.</p>" ] min read