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Consumers benefit from lender competition
- April 8, 2011
- Posted by: admin
- Category: Finance News
No CommentsIn the last few weeks, Australia’s lenders have slashed rates, increased maximum LVRs and, in many cases, abolished exit fees. ING DIRECT, Westpac and ANZ all slashed their fixed rates, while the Commonwealth Bank of Australia abolished its exit fees for new customers and NAB launched an aggressive switching campaign. The constant changes in policy and
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CBA cuts investment loan LVRs
- March 9, 2010
- Posted by: admin
- Category: Finance News
The Commonwealth Bank of Australia has announced its plans to reduce the loan to value ratio on its investment loans from 90 per cent to 80 per cent. A spokesperson for CBA told The Adviser that the tighter standards, which will take effect from Saturday 20 March, will only affect new investment loans. “Owner occupied