| Nothing is out of reach with a full selection of personal loans available from AMB to facilitate all those needs like a new car or boat, a holiday, something special for your home, or perhaps just consolidating your debt.
While lots of people will pull out a credit card or redraw on a mortgage for this sort thing, a personal loan is often a smarter way to go because:
- The interest rate on a personal loan can be a lot less than the rate on your credit card.
- If you only make the minimum monthly payment on your credit card, the original debt can hang around forever and the amount of interest you’ll pay in the long term can really add up. A personal loan can be a better way to pay, because the fixed term and repayments mean you regularly reduce your debt.
- Unless you increase your repayments on your mortgage, the accumulated amount of interest you’ll pay over the term of your home loan can add up to a lot more than what you’d end up paying on your personal loan.