Lending Criteria

Banks Tighten Lending Criteria Due To COVID-19

personOtto Dargan access_timeJuly 17, 2020

Banks in Australia have revised and tightened their lending criteria in response to the COVID-19 economic downturn.  They are getting stricter in their assessment to reduce the risks of borrowers defaulting on their home loans.  Why is it harder to get approved for a home loan? Getting...

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