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CBAs processes suck
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Probably no surprise to anyone familiar with CBA. We're currently in the process of refinance an interest-only investment loan. The current rate we're on is 6.51 and with absolutely no changes to LVR etc the best they can now offer us is 6.78. We've been told that once its been funded we can ask the retention team to do better. First off why can't we have the same rate as we're currently on but second why does the retention team have to get involved? How do the rates compare to others for interest only loans? LVR is about between 85-90%

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3 months ago