Get a free car loan eligibility assessment and compare offers tailored specifically to your circumstances.
Loan Amount:
All finance quotes are provided free (via our secure server) and without obligation. We respect your privacy.
Any Purpose
New car purchase
Used car buyers
Private sale
Dealer purchase
Any Situation
Refused by Banks
Bad Credit History
Low/No Deposit
No Savings History
All Features
Secured Car Loans
Unsecured Finance
Vehicle Leasing
Hire Purchase
Chattel Mortgage
Major Banks
Non-bank Lenders
Lo/No-doc Loans
Personal Loan:
A personal loan is usually made by a financial institution to an individual person without the need for the provision of asset security. Personal loans can generally be obtained for any worthwhile purpose subject to the lending criteria of the financ
Car Loans Australia :: Articles

Car Loans Australia Articles

See why the best mortgage is a simple mortgage.

Mortgages come with a wide variety of options, what do you do?  It's simple.  Keep the mortgage very simple.  It will be easy to manage, set goals  (Im not kidding)   Often a complex mortgage will slow you down. 


Rule No. one - always start with the simplest mortgage and slowly add features to the mortgage


There are many mortgage features to look at


  • Offset accounts
  • Splitting accounts
  • Fixed or variable
  • Interest only
  • Portability
  • No fees, some fee?
  • And many more

I always recommend that you contact a mortgage broker when looking at mortgages and find out what options are available. The first thing a mortgage broker will or should ask you to talk about yourself and lifestyle.  


A mortgage is fitted to the client not the other way around 


  • Employed/self employed/ what legal entity, if in a business.
  • How much money comes in a month
  • Do you need to hold cash for periods prior to paying
  • What profitability or salary take home do you have
  • Married/single/in between
  • Financial position: pension funds, superannuation funds, investments
  • Financial goals over next 5 to 10 years
  • What personality are you, do you like details or big picture etc

 With that information the mortgage broker can suggest a loan.  Remember the standard variable loan is good for 90% of the population.


What would cause you to have other options?


Split in a loan   (multiple accounts) Partners in an investment may split the loans up for each partner.  Each partner is free to pay off their own portion  loan at the speed  with which they are comfortable.Its easy to keep track and account of who owns the property, rather than with a single account.


100% Offset Account    A Person has a business and needs to store money over periods. Would they set up a number of 100% offset accounts to keep the money separate?  It makes accounting easy and gives the business owner control over then various funds.  It allows the stored funds to be uses to reducing of the balance of the mortgage and keep the business and personal account separate.


Interest only vs. Variable     The mortgage owner needs to be able to access all the principle payment.  When all the principle payments need to come out, an interest only structure would be used. If it was a principal and interest loan only the payments above the minimum monthly mortgage payments would be able to be with redrawn from the mortgage.


There are countess variations to a mortgage.  In all cases contact a mortgage broker and ascertain your needs and then move forward.  But always remember a simple mortgage is a good mortgage.

Finance Articles

Buying For The First Time? A Guide For The First Time Buyer!
You have decided to buy a home - but what next? The maze of legal work, negotiations, dealing with surveyors and solicitors, finding a good mortgage deal... read more

Home Loan Refinancing - the Pros and Cons
AUSTRALIANS reckon a change is as good as holiday, and some homeowners are pulling out all stops to prove it. read more

3 Simple Yet Effective Tips For DIY Debt Settlement
Debt can be a difficult and stressful situation for so many people, but you can get out of it, and it is possible to move on with life and your financial... read more

Finance News

Personal Loans to help Australians in need: FSO
Oct 29 :: As Australia prepares to clean up following devastating fires and floods, Financial Services Online CEO, Andrew Clark, has announced a package of personal... read more

Small business loans to help Aussie businesses through tough times
Nov 27 :: Financial Services Online has today announced a new credit facility for Australian business customers who are seeking loans for amounts of up to $10,000 with... read more

Police issue warning about bank scam
Nov 20 :: Melbourne police are warning people about a scam in which fraudsters pose as bankers and ask for money.They say they cold call customers and tell... read more