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Decline in interest-only home loan approvals

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GettyImages/Westend61 Source: GettyImages/Westend61

Lenders have cracked down on interest-only home loan approvals following harsh criticism over the industry's practices. Interest-only home loan approvals have fallen 12 per cent over the past year following the corporate regulator's call for the industry to lift standards to meet responsible lending practices. More on this story by Spyros Papastefanou and Themi Kallos


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Updated

By Odysseas Kripotos

Source: SBS



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Lenders have cracked down on interest-only home loan approvals following harsh criticism over the industry's practices. Interest-only home loan approvals have fallen 12 per cent over the past year following the corporate regulator's call for the industry to lift standards to meet responsible lending practices. More on this story by Spyros Papastefanou and Themi Kallos



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