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‘Loyalty tax’ costs borrowers $9bn, finds neo-lender
14 September 2021
‘Loyalty tax’ costs borrowers $9bn, finds neo-lender

Three-quarters of borrowers are angry that new mortgagors typically receive lower rates, according to new research, with the “loyalty tax” estimated to cost $9 billion.

$3k cashback introduced by P&N
14 September 2021
$3k cashback introduced by P&N

Both new and refinancing customers of the non-major bank could be eligible for a $3,000 cashback offer.

Join more than 4 million Australians who choose customer owned banking, where the profits are used to benefit you
13 September 2021
Join more than 4 million Australians who choose customer owned banking, where the profits are used to benefit you

Promoted by Qudos Bank The Customer Owned banking sector is worth over $117billion dollars in assets with over 4 million customers and counting*

Risky lending rise pricks APRA’s ears
13 September 2021
Risky lending rise pricks APRA’s ears

The regulator’s chair has expressed concern with an uptick in high debt-to-income lending, but has said there will be no intervention for now.

Non-major bank injects millions into fintech lender
13 September 2021
Non-major bank injects millions into fintech lender

A mutual lender has extended its partnership with Athena Home Loans, investing an additional $250 million into the lender.

MORTGAGE AND FINANCE LEADER: Breaking the stigma surrounding mental health with David Coleman, Assistant Minister for Mental Health and Suicide Prevention
9 September 2021
MORTGAGE AND FINANCE LEADER SPECIAL EPISODE: Breaking the stigma surrounding mental health with David Coleman, Assistant Minister for Mental Health and Suicide Prevention

This year's R U OK? Day serves as an important reminder to open up the conversation on mental health, both in the workplace and at home, according to David Coleman, member for Banks and ...

Refinances hit record highs in August: PEXA
9 September 2021
Refinances hit record highs in August: PEXA

Refinance levels surpassed the previous record set in 2020 to reach a new high in August 2021, according to PEXA.

Forced coal lending could hit mortgage costs: Banks
8 September 2021
Forced coal lending could hit mortgage costs: Banks

Forcing banks to lend to fossil fuel producers could affect their cost of capital and resulting loan prices, according to a big four executive.

Suncorp announces BNPL offering
7 September 2021
Suncorp announces BNPL offering

The non-major bank has confirmed it will launch a Visa-backed buy now, pay later offering – PayLater – in November.

NAB partners with doctors’ mutual
6 September 2021
NAB partners with doctors’ mutual

The major bank has joined hands with a medical defence organisation and its lending subsidiary to provide business finance solutions to healthcare professionals.