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Cap lifted on popular financing option for clients

APRA will remove its cap on interest-only loans from next year, a move which is set to open more financing options for clients in 2019.

Cap lifted on popular financing option for clients
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Cap lifted on popular financing option for clients

From 1 January next year, APRA will remove its 30 per cent limit on interest-only residential mortgage lending for banks and other lenders.

Read more at the Accountants Daily.

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