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ABC News
ABC News
Business
By Ahmed Yussuf and Nabil Al Nashar

No interest loans on the rise as pandemic and cost of living prices take their toll

Good Shepherd Pandemic Fiona Guthrie Michael Chambers NAB National Australia Bank Australia

A no interest loan was a life saver for Western Sydney single mum Rosetta Ianchello, when her newly bought car "died" after only a few days. 

"Everything went wrong for me," Ms Ianchello told the ABC.

The last thing Ms Ianchello needed was spending more money on her new car when the cost of essentials from petrol to the weekly shop were already ballooning.

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