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Major Bank Lending Changes To Benefit Borrowers
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Major Bank Lending Changes To Benefit Borrowers

The relaxation of the lending policies at Westpac, CBA and St George are expected to jumpstart property purchases by small and medium-sized enterprise (SME) owners. All three banks lowered the requirement for SME borrowers to present two years’ worth of financial records as income verification, reducing this down to one year’s worth. Moreover, borrowers no…

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