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‘Excessive’ loan discharge terms slammed
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A Brisbane-based brokerage has called out the major banks for “holding customers to ransom” with excessive terms of notice for discharges.
Borro owner Cara Giovinazzo said she has been receiving complaints from clients about banks making it more difficult for customers to leave them by “blowing out” the minimum days required to close an account or discharge a loan.
This issue was addressed in the Australian Competition and Consumer Commission’s (ACCC) final Home Loan Price Inquiry report released last year, which examined how the home loan market works and potential improvements that could be made. ....

Cara Giovinazzo , Commonwealth Bank , Consumer Commission , Australian Competition , Home Loan Price Inquiry , Discharge Authority , காரா கிோவினஜ்ஜோ , காமன்வெல்த் வங்கி , நுகர்வோர் தரகு , ஆஸ்திரேலிய போட்டி , வீடு கடன் ப்ரைஸ் விசாரணை , வெளியேற்றம் அதிகாரம் ,