Policy and Process Changes for SMSF Customers & Customers Requesting Interest Only Home Lending.
Today, BOA & Co. is implementing policy and process changes for when we lend to Self-Managed Super Funds. These changes will apply to both Home Lending and Business Lending products.
On Saturday 1 July 2017 some additional changes will be implemented for Interest Only Home Loans to ensure Boa & Co. continue to apply responsible lending practices when assessing a customer’s ability to service existing and proposed debts.
These changes will help us protect the interests of our customers and ensure we continue to meet our regulatory requirements.
What’s changing?
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