Loan Digest

Borrowers can handle higher rates, says Bendigo boss

  • 📰 smh
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 80%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Bendigo and Adelaide Bank boss Marnie Baker says the lender’s home loan customers and the wider economy can cope with a gradual rise in interest rates.

, which they believe would reverse some of this pressure.

Bendigo’s cash earnings profits were up 18.7 per cent to $260.7 million, helped by an expansion in its market share and a significant cut to its charge for provisions for bad debts.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Does this highly paid CEO have a mortgage?

The game is as old as banking itself. Hook them with low rates, and then slowly reel them in with gradually rising interest %. At some point, inevitably, some will have to tap out, can't afford the much higher repayments any longer, and hey presto, the bank owns the house.

I can't. Lost 40% of income due to covid

Some borrowers can but many can’t!

She would say that, wouldn’t she?

Let's hope so

I love that they had to go to bendigo to get someone on record. The big 4 are packing it. They have let borrowers over extend in the name of competition and are afraid of the consequences.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lowe warns of ‘abrupt’ effect from US rate risesThe RBA boss has cautioned that financial markets are at risk of an sudden adjustment if surging US inflation forced the Fed to raise interest rates faster. So pull your sharemarket investments and stash them into property quick smart....... No shit Sherlock, you can’t hold back what everybody else knows. Best being open and honest.
Source: FinancialReview - 🏆 2. / 90 Read more »

Tic:Toc founder lays out mortgage growth plan to take it to an IPOBendigo Bank owns 27 per cent of the mortgage assessment technology, which will go public once monthly volumes hit $1.5 billion, according to founder Anthony Baum.
Source: FinancialReview - 🏆 2. / 90 Read more »

Property clearance rates up as buyers ignore interest rate speculationConfident buyers have not let talk of interest rate rises deter them and were out in force at the weekend. The threat of rate rises has people scrambling to buy before their loan ceiling is lowered.
Source: FinancialReview - 🏆 2. / 90 Read more »