Guarantor Personal Loans
A guarantor personal loan is a standard personal loan that uses a third party, known as a guarantor, to guarantee the payment of the loan. This arrangement can be useful for people who have difficulty securing a loan, such as those with a poor or limited credit history, and can help you maximise your borrowing […]
Medical Loans
A medical expense loan is a normal personal loan, but for the main purpose of covering medical costs. Like all other personal loans, it requires you to apply for a set amount of credit and prove your eligibility. The lender will then assess your application and approve it if you meet their criteria. Once approved, your […]
Personal Loan Pre-Approval
Personal loan pre-approval takes place before your lender submits a hard enquiry and is done to determine whether you qualify for a specific type of personal loan that they provide. The pre-approval process differs from lender to lender but involves less documentation than hard applications and is based on meeting basic eligibility criteria as set […]
Joint Personal Loans
A joint personal loan is a personal loan that is taken out by two people, known as co-borrowers, who are both equally responsible for paying it off. Other than this, a joint personal loan is a standard loan product, where you receive a lump sum of money to be repaid in regular instalments. These are […]
Does Using Afterpay Affect Your Credit Score?
Afterpay can be a quick and easy way to buy the things you need without copping the full brunt of their cost on your hip pocket straight away. However, before you start using services like Afterpay, it’s worth finding out whether doing so can have a negative effect on your credit score. Learn more about […]
Australians’ Food Security is the Biggest Cost of Living Concern: 2024 Survey
As part of Savvy’s ongoing research into consumer sentiment and the impact of economic trends on everyday Australian life, we survey Australian adults on how they are navigating the continuing cost of living crisis. 62% of Australians cite grocery prices as the greatest ongoing concern Almost all demographics and states/territories highlight grocery prices as the […]
Rental Survey 2023: Too Damn High? Three in Five Aussies Say Their Rent Is “Overpriced”
A nationally representative survey of Australians (n=1,000) conducted by Savvy has shown that almost two in five renters (59.2% of 392 renters) are spending over 31% of their weekly income on rent. 58.9% of renters say they feel their rent is overpriced 64.7% of women say they feel their rent is overpriced, compared with 52.9% […]
Rental Crisis: Low-Income Households Need 117% of Income to Pay Rent
Rental stress has been sky-high for Australians over the past few years. The soaring cost of housing is putting pressure on low to middle-income earners, especially in major cities such as Sydney and Melbourne. The issue is particularly acute for single-parent families, low-wage workers and older Australians on fixed incomes. More than 42% of all […]
A Quarter of Aussies Save $250 or Less Per Month
Savvy’s new personal finance survey of 1002 Australians discovers people’s average monthly savings, where they put their money and how they feel about inflation. 24% of Aussies save $250 or less each month 32.5% save $750 or over per month 78% rely on savings accounts, followed by super contributions (24%), then stocks & shares […]
84% of Australians Worried About Wage Growth Amid Inflation
As part of Savvy’s research into cost-of-living pressures, many Australians are worried that flat wage growth will not keep up with soaring inflation. 30% of Australians report they are “extremely worried” about inflation outpacing income 84% of Australians are worried to some degree about flat wage growth 38% of Australian women say they’re “extremely worried” […]
How Much Income Does the Average Household in Australia Have?
Australia’s soaring inflation has made it increasingly difficult for households to pay essential expenses. House costs, petrol prices and groceries are the biggest culprits. It raises the question, how do wages compare with the cost of living? And what disposable incomes do households actually have? In this report, we analyse the average income of Australians […]
Australia’s Online Shopping Behaviour Report – 2022
Australia’s online shopping industry is worth over $47 billion dollars. The market size has grown by 8.9% in 2022, proving that more consumers are choosing online shopping over bricks and mortar – and our love affair with retail therapy continues to skyrocket. More than 5 million households participate in online shopping each month Online retail […]
