SYDNEY, May 21 (Reuters) - Australia's prudential regulator on Tuesday proposed dropping requirements for banks to use a minimum 7% interest rate when assessing a borrower's ability to service a loan, in a move it said would increase customers' maximum borrowing capacity.
"Instead, authorised deposit institutions would be permitted to review and set their own minimum interest rate floor for use in serviceability assessments," the Australian Prudential Regulation Authority (APRA) said in a statement.
News: NAB Australian regulator to ease assessment criteria on mortgage affordability
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Last
$42.94 |
Change
0.990(2.36%) |
Mkt cap ! $131.5B | |||
| Open | High | Low | Value | Volume |
| $42.45 | $42.94 | $42.20 | $130.8M | 3.057M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 835 | $42.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.95 | 10724 | 10 |
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| Last trade - 16.18pm 28/08/2025 (20 minute delay) ? |
| NAB (ASX) Chart |