natloans – Finance & Leasing

Consumers should be well aware that there have been changes to consumer credit as of 1^st July. Consumer car loans, personal loans, home loans, credit cards and overdrafts are now being regulated by ASIC under a single, nationally consistent  regime.  The new laws have been designed to better protect interest of borrowers and improve the standards across the board. In the past, its been very easy for borrowers to get into debt with the wrong loan products.  Following is a simple guide on what to think about before deciding to take out a consumer loan:

1. Work out what you can afford to borrow: It’s always a good idea to establish what we can realistically afford to borrow in monthly repayments. Natloans has a budget calculator which assist you in working out where you money goes now and how much is left over.  Always remember to factor in interest rate rises and anything that may affect your income in the future.
2. Shop around for the best deal: By going to a large reputable broker such as Natloans, you are able to obtain access to a large range of products with just one simple phone call or application.  Its important to know that the more you apply for products when you shop around, the more likely you effect your credit rating and give yourselve a ‘busy’ credit file.  Natloans has access to a large range of lenders and products.  They do the work for you to compares interest rates, features, and any hidden nasties to ensure you obtain the best deal possible.  It can make a huge difference to what you end up paying so it’s really worth while going to a reputable broker.