RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%

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Example Interest Rates: Home Loan Variable: 5.38% (6.14%*) • Home Loan Fixed: 5.44% (6.26%*) • Fixed: 5.44% (6.26%*) • Variable: 5.38% (6.14%*) • Investment IO: 5.69% (6.52%*) • Investment PI: 5.49% (5.98%*)

Video Archive

4.13 – Financial Counselling Australia and ASIC testify at the Banking Royal Commission

Views 18 Likes 0 Dislikes 0 Published December 30, 2020, 8:46 am

Lynda Edwards, Financial Capability Coordinator at Financial Counselling Australia, and Nathan Boyle, analyst for the Indigenous Outreach Program at the Australian Securities and Investments Commission (ASIC), give evidence on how Aboriginal people with poor financial literacy are routinely targeted to buy useless insurance, dud cars and high-interest loans.

(AUDIO MISSING FOR THE FIRST 2:21)

Recorded on 3 July 2018 at the Supreme Court of the Northern Territory, Darwin.

Watch on YouTube

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The comparison rate is calculated on a secured loan of $150,000 with a term of 25 years with monthly principal and interest payments. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Important Information: Applications are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Interest rates are subject to change. Offer does not apply to internal refinances and is not transferable between loans. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. [ Example Credit Guide Link ]

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Video Archive

4.13 – Financial Counselling Australia and ASIC testify at the Banking Royal Commission

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Martin Khoury

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