20 Nov Royal Commission
Banks NIM’s (Net interest margins) have tightened dramatically with the increase in competition fuelled by broker sourced loans – this is a WIN for consumers.
The big banks, via the Royal Commission, are now trying to move the power back to the big 4 by removing the broker channel.
This will once again monopolize the lending and see the smaller lenders unable to compete which will see NIMs widen (interest rates increase) to increase their profitability.
The big losers? YOU, the consumer, as rates will once again rise.
Brokers provide choice and lead to healthy competition, a must for the lending environment.
If you would like any further information please feel free to get in contact – https://tailwindfinance.com.au/contact-us/
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