How are interest rates regulated for loans in Australia?

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

Category: Banking & Finance
Location: Moca

Answers

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

11 months ago

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

11 months ago