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Wisr launches low interest rate secured vehicle loans
18 August 2020
Wisr launches low interest rate secured vehicle loans

Promoted by Wisr Wisr has been delivering exceptional experiences for brokers since 2015 and is adding a secured vehicle loan to its consumer finance product suite, alongside its ...

Lending growth brightens Bendigo result
18 August 2020
Lending growth brightens Bendigo result

COVID-related provisions have triggered a 27 per cent slide in the non-major bank’s earnings, offset by strong credit-driven income growth.

LATEST PODCAST: Could changes to responsible lending and stamp duty arrangements be on the horizon?
17 August 2020
LATEST PODCAST: Could changes to responsible lending and stamp duty arrangements be on the horizon?

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Responsible lending ‘pendulum’ has ‘swung too far’: Lowe
17 August 2020
Responsible lending ‘pendulum’ has ‘swung too far’: Lowe

The Reserve Bank governor has criticised recent interpretations of responsible lending obligations, stating that banks should not bear total responsibility for a borrower’s failure to repay ...

Less than 1 in 5 NAB borrowers ditches deferrals
17 August 2020
Less than 1 in 5 NAB borrowers ditches deferrals

Almost 80 per cent of NAB customers on mortgage repayment deferrals opted to maintain existing arrangements following the bank’s “check-in”.

ANZ to sell offsite ATMs
17 August 2020
ANZ to sell offsite ATMs

The major bank has signed an agreement for the sale of its offsite Australian ATMs to a cash management service provider.

Parliamentary committee to grill RBA governor
14 August 2020
Parliamentary committee to grill RBA governor

Reserve Bank governor Philip Lowe has been called to appear before a parliamentary committee to face questioning over the central bank’s monetary policy response to the COVID-19 crisis.

CBA profits dip 11%, offset by home lending spike
13 August 2020
CBA profits dip 11%, offset by home lending spike

Above-system home lending volumes and record-high deposit growth have cushioned the COVID-induced hit to the major bank’s bottom line.

Lender to drop rates as borrowers pay off mortgage
12 August 2020
Lender to drop rates as borrowers pay off mortgage

Fintech lender Athena Home Loans has launched a new mortgage product that automatically drops variable rates for borrowers with P&I repayments as they pay down their home loan.

Revolut Australia officially launches
12 August 2020
Revolut Australia officially launches

Fintech company Revolut has officially launched in Australia with the launch of its money exchange and budgeting management app.