(08) 9289 7777 - industry leading finance solutions
October 2016

FD vlog 004 – RBA update

Warren Dworcan (Managing Director @ Finance Detective), comments on the upcoming November RBA update.

Continue Reading

The Low Down on Loan Comparison Rates – What you need to know

In 2003 it became mandatory for financial institutions to display comparison rates when advertising loans. Why? – The government could see a trend developing. Lenders were advertising loans with low interest rates, yet on closer inspection, the extra bank fees and charges affected the loan’s overall cost. It was becoming too hard for borrowers to compare one loan against another. The government introduced mandatory comparison rates that made it easier for borrowers to compare the cost of loans before they commit. Basically, the loan’s costs are bundled up into one comparable rate, reflected as a percentage. For example, a bank’s …

Continue Reading

FD vlog 003 – RBA update

Warren Dworcan (Managing Director @ Finance Detective), comments on the recent October RBA update.

Continue Reading