Citibank Korea’s quest for online penetration is not limited to online banking but also extends to the loan serviceability assessment of customers, the firm said Wednesday. A model poses while holding ...

The statutory authority APRA released a letter to authorised deposit taking institutions (banks) on Tuesday. The letter outlined that they would be making changes to serviceability assessment.

The threshold is the basis for assessing a borrowers’ ability to repay a home loan. CBA is decreasing its serviceability floor rate to 5.40 per cent, effective November 9, from 5.75 per cent currently ...

APRA has confirmed banks can scrap the 7.0 per cent floor in mortgage serviceability assessments and instead set their own minimum interest rate. APRA has told lenders they can immediately change the ...

The Reserve Bank of New Zealand – Te Pūtea Matua – is seeking feedback on the merits and design features of debt serviceability restrictions (DSRs) on residential mortgage lending. “We are not ...