Borrowers will be able to extend or switch to interest-only payments without credit checks
Eligible borrowers will be able to extend their interest-only payments for up to a year
It also made some changes to its cash-back offers
Now might be the best time to consider fixing your mortgage
This could boost refinancing activity amongst borrowers looking for competitive rates
As widely expected, the Reserve Bank of Australia has left the official cash rate on hold at its April meeting. But will they slash rates next month?
This will be offered to those granted with repayment deferral
Aside from lowering interest rates, they are also allowing customers to defer mortgage payments