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Policy and Process Changes for SMSF Customers & Customers Requesting Interest Only Home Lending.

Today we are implementing policy and process changes for when we lend to Self-Managed Super Funds. These changes will apply to both Home Lending and Business Lending products.

On Saturday 1 July 2017 some additional changes will be implemented for Interest Only Home Loans to ensure we continue to apply responsible lending practices when assessing a customer’s ability to service existing and proposed debts.

These changes will help us protect the interests of our customers and ensure we continue to meet our regulatory requirements.

What’s changing?