Lenders loosen belt on mortgage criteria

Lenders loosen belt on mortgage criteria

RateCity finds increase in high Loan-to-value ratios (LVR).ANZ and CBA increased maximum LVR. Borrowers warned: higher LVR loans = higher interest rates!

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Can I get a $1,500 payday loan with bad credit?

Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.

Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.