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Finance News from Australian Internet Loans

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

To read an entire news item, simply click on the headline.

Finance News
Year: Month:

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

Top 5 Mistakes to Avoid When Applying for Loans Online
Top 5 Mistakes to Avoid When Applying for Loans Online
Online loans have revolutionized the way Australians access finance. With the emergence of fintech and the convenience of the internet, obtaining a loan is now faster, easier, and often more customer-centric. When managed responsibly, the online loan application process empowers borrowers with quick funds for life's unexpected expenses or investments. However, the speed and simplicity of online transactions can also lead to common oversights. - read more
Top Credit Repair Strategies: How to Overcome Bad Credit in Australia
Top Credit Repair Strategies: How to Overcome Bad Credit in Australia
Understanding the concept of creditworthiness is essential, especially when considering the various financial decisions you make in life. In Australia, a good credit score can open doors to competitive loan rates, favorable mortgage terms, and hassle-free approvals for financing. Conversely, bad credit can be a significant roadblock, impacting your financial well-being and limiting your access to financial resources when you need them most. - read more
Top Strategies for Managing Your Personal Loan Repayments Efficiently
Top Strategies for Managing Your Personal Loan Repayments Efficiently
Managing your personal loan repayments is crucial to maintaining your financial health. Understanding the importance of staying on top of your loan can help you avoid late fees, reduce stress, and even improve your credit score. - read more
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