All Topics / Finance / comparison rate/effective annual rate in qld

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  • Profile photo of DissidentDissident
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    @dissident
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    Post Count: 6
    June 7, 2004 - 2:26 am

    I as under the impression lenders had to disclose the effective annual rate if you asked them in qld. Is this incorrect?

    Profile photo of Stuart WemyssStuart Wemyss
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    @stuart-wemyss
    Join Date: 2003
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    June 7, 2004 - 2:37 am

    Correct. They must give you a Comparison Rate Schedule… but not for line of credits, investment loans and pro packs.

    I.e. only for home loans.

    Cheers

    Stu

    Profile photo of DissidentDissident
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    @dissident
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    June 7, 2004 - 2:40 am

    Ah, this doesn’t really help me with buying an IP [glum] but thanks for the info guys!

    Profile photo of DissidentDissident
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    @dissident
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    June 7, 2004 - 3:05 am

    Thanks for the tip I hadn’t thought of that.

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