Best-value Personal Loans (Unsecured)
GOLD WINNERS BANK AUSTRALIAN MILITARY MAJOR BANK HSBC NON-BANK MONEYPLACE
If you have no assets and need some funds, there are lenders who can help out
B Unsecured personal loans provide access to funds in cases where you don’t have assets to use as security or you want to protect the assets you have. Caution is needed, however. If you default on the loan, the provider may pursue legal action, which could lead to involuntary bankruptcy or a court order to sell assets.
As with its car loan, Australian Military Bank offers a comparison rate between 5.71% and 13.3%, depending on your credit history, with a maximum loan period of seven years.
HSBC, by comparison, offers slightly lower loan periods, from one to five years, with a comparison rate from 9.06%.
A world of trading opportunities and research is available for a low price
Setting the bar for user experience, support and a slew of other features that assist investors of all levels, CommSec wins for the 14th consecutive year. Trading starts from $19.95 for Aussie shares for transactions over $1000 and up to $10,000.
Customers have access to global markets through the New York and London stock exchanges and NASDAQ, plus listed companies in Asia Pacific and Europe.
Nabtrade has moved up the ladder from third place thanks to a range of products (over 10,000 securities) and investor education features. Trading Aussie shares and mFunds, ETFs, warrants, bonds as well as global stocks in the UK, US, Germany and Hong Kong (for up to $5000) incurs $14.95 in brokerage. Nabtrade’s cash-management offering allows customers to transfer funds in real time between their nabtrade and other NAB accounts. A Nabtrade High Interest Account offers a competitive variable rate of 0.75%pa.
Customers can catch expert insights, ideas and market commentary via the news hub, webinars and fortnightly podcast.
Westpac Share Trading debuts in third place this year. Brokerage fees start from $19.95 or 0.11% trade value (whichever is greater). With more than 2200 investment options on offer, customers have access to the ASX and Chi-X, 25 global markets, options, ETFs and bonds.