Banks Investigated Over Not Passing On Full Interest Rate Reductions
The ACCC is investigating a wide range of lenders over their refusal to pass on the full interest rate reduction, in line with the RBA reduction. This is not uncommon form the lenders as they have a history of not passing on the full reduction and it is a breath of fresh air that they are now being asked to answer questions publicly.
If you would like us to review your loan and see if your lender has passed on enough of the rate reduction to remain competitive with other lenders that you may be able to switch to then contact us today.