Bank

Viewing 9 posts - 1 through 9 (of 9 total)

keiko
Participant
@keiko
Join Date: 2008
Post Count: 513
April 27, 2010 - 8:06 am
Hi quick and simple answers,
Which bank is the best and why?
ANZ
ING
Bankwest
Bank of Adelaide
NAB
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
April 27, 2010 - 8:51 am
that is like asking which is the best food?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
keiko
Participant
@keiko
Join Date: 2008
Post Count: 513
April 27, 2010 - 8:59 am
Terryw wrote:
that is like asking which is the best food?
And my answer would be lasagna, as I like the sauce the missis makes.
Can't be to hard of a question, you must favour 1 bank more than the other because ?? and there interest rates are always good.
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
April 27, 2010 - 9:47 am
but it all depends on the situation of the person – resi or commercial, company/trust or individual, low doc or full doc etc.
I generally like westpac but their rates are high at the moment. ANZ was good for low doc 60% LVR for individuals, NAB good for commercial and CBA good for nothin.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
v8ghia
Member
@v8ghia
Join Date: 2005
Post Count: 871
April 27, 2010 - 10:21 am
I think this is heavily dependent on what (if any) other services you do or plan to have with that bank. A couple of bucks extra a month for interest pales into insignificance if you are saving money on credit card annual fees, rates, or monthly account fees. NAb have the best rates and a great package product, ANZ seem good 'all rounders', CBA will lend at very high 'borrowing ratios and are the next best in rates, and westpac……um, ok forget that one. ANZ & NAB (moreso) are terrible with their 'offshoring' both for staff and clients alike. ING & Bankwest might be ok for a 'stand alone' lona with nothing else? That help Keiko? Cheers
keiko
Participant
@keiko
Join Date: 2008
Post Count: 513
April 27, 2010 - 11:25 am
Thanks, yep thats what I was after, a few more like those answers from other members would be good
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
April 27, 2010 - 12:34 pm
I agree with Terry there is no right or wrong answer.
No 1 lender can suit everyones situation and wouldnt try and pigeon hole them like that.
There are so many variables it is not funny.
Richard Taylor | Australia's leading private lender
js2
Member
@js2
Join Date: 2003
Post Count: 758
April 28, 2010 - 10:36 am
None. Agreed.
I take what bank will say yes until i can get up off the ground. I look for the very first instance of someone taking action and being proactive and following through toward either making appointments or any of the communications in between. Till date i have had to build relationships with bankers face to face and through to who finally presses the buttons.
Everyone's circumstances are different.
oscar
Member
@oscar
Join Date: 2002
Post Count: 41
April 28, 2010 - 10:42 am
keiko wrote:
Hi quick and simple answers,
Which bank is the best and why?
ANZ
ING
Bankwest
Bank of Adelaide
NAB
Don't forget Bank of Queensland. They are great, especially for development loans.
Cheers