Interest rate rises, should we be panic?

With the Reserve Bank of Australia's interest rate rising to 0.35 per cent, how much of an impact will this have on those with loans or savings in the bank? What choices do we have if we have difficulty paying the instalments?

What to do if we can't pay the instalments? Source: Getty Images/Peter Dazeley

SBS Indonesian spoke to David Sutantyo, finance broker and Managing Director of Sydney-based Twelve Grains Capital, regarding the matter.

Listen to the full interview here.

LISTEN TO

Interest rate rises, should we be panic?

SBS Indonesian

10:54Indonesian

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Note: The information expressed in this interview is of general nature. This information may not be appropriate for your personal circumstances - contact your finance broker/financial advisor for clear advice on your situation.

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