Does anyone know much about foreign currency loan? Some brokers are promoting it. Is it a spam?
No not a spam at all (in the main of course cant comment about the Brokers promoting it).
St George Bank used to offer such a product in the good olde days but withdrew it a couple of years ago.
If you are earning in that particular currency and understand the currency risk if you need to transfer funds back to Oz then the product could suit you.
You wont find too many a standard Australian Banking lender offer it especially if you are resident here and earning good old AUS $.
Domain of Lloyds TSB, Barclays Japan etc etc
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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