Join Australia's most dynamic and respected property investment community

STG Changes

Discussion in 'Property Finance' started by euro73, 11th Apr, 2016.

  1. euro73

    euro73 Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    1,412
    Location:
    Sydney
    Screen Shot 2016-04-11 at 1.09.47 PM.png
     
    oracle likes this.
  2. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,949
    Location:
    Sydney
    Its about time
     
    kierank likes this.
  3. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,391
    Location:
    Mt Druuiitt
    Good or bad?
     
  4. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,949
    Location:
    Sydney
    good.
     
    kierank likes this.
  5. tobe

    tobe Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    879
    Location:
    Melbourne
    OMG next CBA will get an offset account, no wait....
     
  6. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,391
    Location:
    Mt Druuiitt
    So we don't need a Royal Commission after all.
     
  7. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,140
    Location:
    Canberra and Sydney
    Just means they charge interest the same way other lenders do - the 'normal' way.

    Cheers

    Jamie
     
  8. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,391
    Location:
    Mt Druuiitt

    Are we entitled to any refund of overcharged interest?
     
  9. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    1,003
    Location:
    Brisbane
    Sure it.
     
  10. Blacky

    Blacky Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    1,103
    Location:
    Bali
    Hopefully they will one day figure out the direct debit issue as well.

    If you did a dd from another bank it would alway calculate and charge interest on the due date. Then the transfer would happen overnight and it would register as a late payment and charge a default interest (usually only a few cents, but would still show on the statement as 'default interest')

    Always fun times.
    Blacky
     
  11. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,949
    Location:
    Sydney
    They never charged extra interest but did a strange way of structuring it so that it ended up paying some of the principle of the loan.
     
  12. Paul@PFI

    Paul@PFI Tax Accounting + SMSF Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,358
    Location:
    Sydney
    I bet they stuff up the maths and send out letters for arrears.