How are interest rates regulated for loans in Australia?
I want to understand how interest rates for personal and home loans are regulated by Australian law.
Category: Banking & Finance
Location: Moca
Location: Moca
Answers
In Australia, the Reserve Bank of Australia (RBA) and the Australian Prudential Regulation Authority (APRA) oversee the regulation of interest rates for loans.
6 months ago
Banks and financial institutions also have their own internal policies that must comply with these regulatory standards.
6 months ago
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