David25
You have a lot to learn about banks.
They have never been a low margin business.
Have a look at how much they can lend v deposit, about 7.5 times what you deposit with them so your 94% is way out and you are looking at home loan rates not personal, business or credit card rates which are even more profitable.
Cheers, cab
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- banks make 90% profit on lending per year.
banks make 90% profit on lending per year., page-2
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