It will be interesting to see which market force wins for the CBA- 1- CBA Continues to loose Home and Business Lending market share due to uncompetitively higher interest rates (which increases loan margins which makes Share holders happy with higher dividends). or 2- Offer struggling borrowers(Especially Business) more competitive interest rates and regain some of the lost market share But at an economic loss which may upset shareholders. Real life example – Existing CBA client asked for a better deal but were offered no further discounts…. They proceeded with a refinance to another bank and are now looking forward to saving more than $200,000 in interest over the life of their loan! These type of results make me happy to be able to help people make such huge life changing savings. The discounts offered through Finance Specialists, like myself, will be the first to see which market they respond to and it will be truly interesting to see how this plays out. If you are a CBA client(or borrower at any of the big 4 banks) please get in contact and see what you can save.
It will be interesting
