Credit Laws
There are new credit laws that are expected to help regulate the financial industry with providing more access to individuala??s personal information to help assess lending approvals and also hardship provisions will be easier to access. However, there are concerns for the ability of lenders to take advantage of the access to personal information and charge customers a higher rate for circumstances such as late bill payments. Make sure you know your rights when it comes to credit laws before applying for a home loan, personal loan, car loan or credit card.
Read more: Watch your credit habits - Tougher lending on the way
The table below shows today's lowest fixed rate home loan interest rates.
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