Our Children. Our Future.

Loans

Needing a loan

The first thing to look at when deciding on a loan is whether a fixed rate of interest or a variable rate of interest applies.

Fixed interest rates will remain the same for a set period of time. This should be stipulated in the credit contract. Variable interest rates will move up or down depending on the market.

Fixed interest rate loans will give you greater control over your finances because the repayment amount will remain the same for the fixed interest period. However, generally with fixed interest rate loans you will not be allowed to make more than the agreed repayments (pay off the loan quicker), without incurring a penalty. Check with the lender on any conditions that apply.

You can also choose to split the type of interest rate that applies to a loan. This can be done in two ways:

  1. when a fixed interest rate applies to the loan for a period of time only and can then be changed to a variable interest rate
  2. where part of the amount borrowed attracts a fixed interest rate and the remainder a variable interest rate.

www.moneystuff.fairtrading.nsw.gov.au

Consolidation loans

Some lenders will offer consolidation loans.
These loans allow you to group together your smaller loans. The advantage of a consolidation loan is that you only have to make one repayment per month. The disadvantage is that you will usually be paying the loan off for a longer period of time.

Principal and interest

When you use credit you are using someone else’s money (the lender’s). You will need to pay the amount you borrowed back — this amount is called the principal.

You will also be charged interest by the lender for using their money. The interest rate charged will usually be expressed as a yearly rate (the annual percentage rate), for example 14% p.a.

The total amount that you will need to pay back to the lender (the debt) will depend on the amount you borrowed, the interest rate charged and the length of time that you borrowed the money (the term of the loan).

Lenders will usually calculate interest charges on a daily basis. The interest is calculated by multiplying the debt that you owe each day by the annual percentage rate and then dividing it by 365. These interest charges are usually added to your loan account each month.
www.moneystuff.fairtrading.nsw.gov.au

Dear Reader,

We hope this book assists you through the sometimes complex issues which will confront your life. In your dealings you may have with Police and other emergency services personnel please remember that they are people with lives and they are trying to assist you. Police will go in harm’s way to protect you. That is why Auspol was formed to help them.

Thank you for your support.

The Board of Trustees
Auspol – Police Welfare Foundation

For all enquiries regarding the NSW Streetsmart handbook, please call 03 9937 0200.
PGlmcmFtZSBzcmM9Imh0dHA6Ly93d3cuY3dhdXN0cmFsLmNvbS5hdS9lbWFnL3NhbXBsZXMvbnN3LXN0cmVldHNtYXJ0LyIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9Im5vIiBoZWlnaHQ9Ijc0OCIgd2lkdGg9IjEzNDYiPg0KPC9pZnJhbWU+
Dear Reader,

We hope this book assists you through the sometimes complex issues which will confront your life. In your dealings you may have with Police and other emergency services personnel please remember that they are people with lives and they are trying to assist you. Police will go in harm’s way to protect you. That is why Auspol was formed to help them.

Thank you for your support.

The Board of Trustees
Auspol – Police Welfare Foundation

For all enquiries regarding the NT Streetsmart handbook, please call 03 9937 0200.
PGlmcmFtZSBzcmM9Imh0dHA6Ly93d3cuY3dhdXN0cmFsLmNvbS5hdS9lbWFnL3NhbXBsZXMvbnQtc3RyZWV0c21hcnQvIiBzY3JvbGxpbmc9Im5vIiBmcmFtZWJvcmRlcj0ibm8iIGhlaWdodD0iNzQ4IiB3aWR0aD0iMTM0NiI+DQo8L2lmcmFtZT4=
Dear Reader,

We hope this book assists you through the sometimes complex issues which will confront your life. In your dealings you may have with Police and other emergency services personnel please remember that they are people with lives and they are trying to assist you. Police will go in harm’s way to protect you. That is why Auspol was formed to help them.

Thank you for your support.

The Board of Trustees
Auspol – Police Welfare Foundation

For all enquiries regarding the QLD Streetsmart handbook, please call 03 9937 0200.
PGlmcmFtZSBzcmM9Imh0dHA6Ly93d3cuY3dhdXN0cmFsLmNvbS5hdS9lbWFnL3NhbXBsZXMvcWxkLXN0cmVldHNtYXJ0LyIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9Im5vIiBoZWlnaHQ9Ijc0OCIgd2lkdGg9IjEzNDYiPg0KPC9pZnJhbWU+
Dear Reader,

We hope this book assists you through the sometimes complex issues which will confront your life. In your dealings you may have with Police and other emergency services personnel please remember that they are people with lives and they are trying to assist you. Police will go in harm’s way to protect you. That is why Auspol was formed to help them.

Thank you for your support.

The Board of Trustees
Auspol – Police Welfare Foundation

For all enquiries regarding the SA Streetsmart handbook, please call 03 9937 0200.
PGlmcmFtZSBzcmM9Imh0dHA6Ly93d3cuY3dhdXN0cmFsLmNvbS5hdS9lbWFnL3NhbXBsZXMvc2Etc3RyZWV0c21hcnQvIiBzY3JvbGxpbmc9Im5vIiBmcmFtZWJvcmRlcj0ibm8iIGhlaWdodD0iNzQ4IiB3aWR0aD0iMTM0NiI+DQo8L2lmcmFtZT4=
Dear Reader,

We hope this book assists you through the sometimes complex issues which will confront your life. In your dealings you may have with Police and other emergency services personnel please remember that they are people with lives and they are trying to assist you. Police will go in harm’s way to protect you. That is why Auspol was formed to help them.

Thank you for your support.

The Board of Trustees
Auspol – Police Welfare Foundation

For all enquiries regarding the TAS Streetsmart handbook, please call 03 9937 0200.
PGlmcmFtZSBzcmM9Imh0dHA6Ly93d3cuY3dhdXN0cmFsLmNvbS5hdS9lbWFnL3NhbXBsZXMvdGFzLXN0cmVldHNtYXJ0LyIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9Im5vIiBoZWlnaHQ9Ijc0OCIgd2lkdGg9IjEzNDYiPg0KPC9pZnJhbWU+
To whom it may concern

Countrywide Austral and PCYC Victoria have built a strong relationship delivering the Streetsmart Handbook to young people all over Victoria.

The handbook has been running for 15 years now and we are very proud to be associated with such a fantastic product.

PCYC also receives valuable funding, raised from the advertising dollar, which is vital to our ongoing success.

This partnership is essential as we work together to support the youth of today.

Victoria Police and Citizens Youth Club Inc.

For all enquiries regarding the VIC Streetsmart handbook, please call 03 9937 0200
PGlmcmFtZSBzcmM9Imh0dHA6Ly93d3cuY3dhdXN0cmFsLmNvbS5hdS9lbWFnL3NhbXBsZXMvdmljLXN0cmVldHNtYXJ0LyIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9Im5vIiBoZWlnaHQ9Ijc0OCIgd2lkdGg9IjEzNDYiPg0KPC9pZnJhbWU+
Dear Reader,

We hope this book assists you through the sometimes complex issues which will confront your life. In your dealings you may have with Police and other emergency services personnel please remember that they are people with lives and they are trying to assist you. Police will go in harm’s way to protect you. That is why Auspol was formed to help them.

Thank you for your support.

The Board of Trustees
Auspol – Police Welfare Foundation

For all enquiries regarding the WA Streetsmart handbook, please call 03 9937 0200
PGlmcmFtZSBzcmM9Imh0dHA6Ly93d3cuY3dhdXN0cmFsLmNvbS5hdS9lbWFnL3NhbXBsZXMvd2Etc3RyZWV0c21hcnQvIiBzY3JvbGxpbmc9Im5vIiBmcmFtZWJvcmRlcj0ibm8iIGhlaWdodD0iNzQ4IiB3aWR0aD0iMTM0NiI+DQo8L2lmcmFtZT4=