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ANZ first bank to slash lending criteria

July 15, 2019 - 10:45 -- Admin

The ANZ Bank has advised that its ‘floor rate’ for home loan customers will be reduced from 7.25% to 5.5% in response to the Australian Prudential Regulation Authority’s (APRA) recent reforms. ANZ will also increase its sensitivity margin to 2.5%. Rival banks are expected to quickly follow ANZ in reducing their floor rates, which are

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