Most Common Uses of Personal Loans in Australia
Personal loan purposes: by the numbers The most common purpose for personal loans is vehicle purchase, with 59% of all applications being for this reason in 2023 The most common purpose for unsecured personal loans is debt consolidation, at 23% of requests across 2023 Home improvement was the next-most popular at 6%, followed by medical […]
Debt Consolidation Loans
A debt consolidation loan is simply a personal loan used to clear one or more outstanding debts. There are several key reasons why someone would look to consolidate their debts into a personal loan: To ensure any high-interest or overdue debts are cleared, saving you from potentially paying even more and ending up in a […]
