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The central bank has urged borrowers should be "shopping around" for a lower rate after data sheds light on the interest rate gap between new and existing customers.

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CBA have streamlined their better business loan policy for loans amounts between $150,000 - $1,000,000. Eligible applicants can receive a conditional decision within 24 hours with a dedicated team of bankers who deal solely with Broker introduced clients.

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'Switching' in the context of this report refers to consumers having switched one or more of their credit services – credit card, home loan, personal loan or car loan – to another credit provider in the 12 months to June 2019.

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The National Housing Finance and Investment Corporation (NHFIC) has appointed the National Australia Bank (NAB) as the first participant on an initial panel of lenders to offer guarantees under the Australian Government's new First Home Loan Deposit Scheme scheduled to commence 1 January 2020, with other participating lenders to be announced shortly. NHFIC has committed to announcing the full panel of lenders before 20 December 2019, at the latest.

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We list Citi's policy for the Lite Doc Loan

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