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Tyres

Finance

Tech 9 Tyres finance heads up.

Be on the wise with "interest free" finance. Not the be all and end all when making a purchase.

Not being charged interest is great. Being slugged with an establishment fee is a nice way of charging interest with a different title.

Also be sure to look into the rate of interest you will be charged if you default. Normally a high fee/intrest rate will apply and can get out of hand very quickly.

Tech 9 tyres word of advice. If a bank is not keen to loan you the funds, it cause you can’t actually afford it. If this is the case you should not be spending.

At least banks follow a professional lending practice with care for your ability to repay and service your loan.

Interest free lending companies make more money when you default. Do you think they care if you can actually afford the loan? They make more money if you can’t.

 

Here is some links to the banks that do care if you can afford your loan.

 

http://www.westpac.com.au/personal-banking/personal-loans/personal-loans/unsecured-personal-loan/