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Finance News from Australian Internet Loans

Australian Internet Loans is pleased to present the latest financial news headlines.

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Finance News

Westpac Penalised $26 Million for Failing to Support Customers in Hardship Westpac Penalised $26 Million for Failing to Support Customers in Hardship
16 Jun 2026: Paige Estritori

In a significant development within the Australian banking sector, Westpac has been fined $26 million by the Federal Court for failing to adequately respond to over 200 customers experiencing financial hardship between 2017 and 2023. This penalty underscores the critical importance of banks adhering to their obligations under the National Credit Code, which mandates timely and appropriate assistance to customers facing financial difficulties. - read more
AMP Bank Reintroduces SuperEdge Loan for SMSF Property Investment AMP Bank Reintroduces SuperEdge Loan for SMSF Property Investment
16 Jun 2026: Paige Estritori

After a seven-year absence, AMP Bank has re-entered the Self-Managed Super Fund (SMSF) lending market with the reintroduction of its SuperEdge loan. This move reflects AMP's strategic focus on diversifying its product offerings and catering to the evolving needs of investors seeking property acquisition through their SMSFs. - read more
Surge in Personal Loans as Australians Grapple with Rising Living Costs Surge in Personal Loans as Australians Grapple with Rising Living Costs
09 Jun 2026: Paige Estritori

In the first quarter of 2026, Australians have borrowed a record $5.1 billion in personal loans, according to the Australian Bureau of Statistics. This significant increase reflects the mounting financial pressures faced by households due to escalating living costs. - read more


Finance Articles

Preparing for Loan Approval: Essential Documents Checklist
Preparing for Loan Approval: Essential Documents Checklist
Getting ready for loan approval can seem overwhelming, but having a clear understanding and the right documents can make a significant difference. - read more
Understanding Interest Rates: A Guide for Personal Loan Seekers in Australia
Understanding Interest Rates: A Guide for Personal Loan Seekers in Australia
As a personal loan seeker in Australia, understanding interest rates is crucial. Interest rates significantly impact the overall cost of your loan and your monthly repayments. Being well-informed ensures that you make the best financial decision for your situation. - read more
5 Key Steps to Take Before Applying for an Online Loan
5 Key Steps to Take Before Applying for an Online Loan
Applying for an online loan can be a convenient way to manage your finances from the comfort of your own home. With technology's advancement, borrowing money has shifted from traditional brick-and-mortar institutions to digital platforms, making the process quicker and more accessible. However, navigating through this online landscape requires an understanding of how it operates. - read more