Community · Legal Question

How are interest rates regulated for loans in Australia?

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Q

I want to understand how interest rates for personal and home loans are regulated by Australian law.

Moca

Answers

2 answers from the community

A

In Australia, the Reserve Bank of Australia (RBA) and the Australian Prudential Regulation Authority (APRA) oversee the regulation of interest rates for loans.

1 year ago

A

Banks and financial institutions also have their own internal policies that must comply with these regulatory standards.

1 year ago