Business
Banks prepare for mass customer call-outs on deferred loans – Sydney Morning Herald
A small but growing number of struggling borrowers who put their mortgages or business loans on hold are resuming repayments, new industry figures show.
A relatively small but growing number of struggling borrowers who put their mortgages or business loans on hold in response the coronavirus crisis are resuming repayments, new industry figures show.
As part of the banking industrys response to the crisis, Australian lenders since March have allowed $274 billion in home loans and small business loans to be deferred for up to six months, with the possibility of further loan extensions.
Australian Banking Association chief executive Anna Bligh: “…
-
General23 hours agoLabor’s home battery subsidy kicks off ‘strong demand’. Here’s what you need to know
-
General22 hours agoDemolition derby ‘State of Origin’ helps organisers push for recognition by Motorsport Australia
-
Noosa News22 hours agoOnce surefire LNP wins, suburban Brisbane voters in Petrie and Forde turned to Labor
-
Business21 hours ago5 things to watch on the ASX 200 on Wednesday 7 May 2025