Banking in Australia
Home Loans
Mortgages in Australia are very flexible and offer many options you may not be familiar with. Some of the options available to you may be Equity Loans, Packages, Offset accounts or Low Doc home loans.
Before choosing a home loan, you also need to be aware of fees, Stamp Duty and eligibility for the First Home Owners Scheme.
With so many options available and issues to consider we recommend you make an appointment with one of our lenders when you arrive in Australia to thoroughly discuss all of your financial needs.
Personal Loans
An Unsecured Personal Loan is usually sought for amounts under $10,000 and may help with those expenses associated with moving to another country.
A Personal Loan is commonly 'secured' for amounts over $10,000 against assets such as your car.
It is helpful to note associated fees and repayment options when choosing a Personal Loan. Application fees are common in Australia. You should also make sure you choose a repayment method convenient to you, however you may be required to set up a direct debit from a nominated account.
Credit Cards
Credit cards come with many different benefits, offers, fees and varying interest rates. Some of your options will include a rewards scheme, balance transfer offer, a low interest rate or lower fees.
You should note that in Australia it is not uncommon to be charged an annual fee.
Again, with so many options available and issues to consider we recommend you make an appointment with one of our consultants when you arrive in Australia to thoroughly discuss all of your financial needs.
This page was last updated Tuesday, 07 October 2008 2:29:23 AM AWST.
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