REP 445 Review of interest-only home loans
Released 20 August 2015
This report is for holders of Australian credit licences (credit licensees) and highlights the importance of responsible lending practices for interest-only home loans.
It is intended to help credit licensees improve their lending practices by increasing their awareness of their obligations and identifying opportunities for them to improve their practices.
The information gathered through our review has helped inform our strategic response, which is aimed at minimising any potential detrimental impact of interest-only home lending on consumers.