A third of first-home buyers taking out mortgages in June had borrowings that exceeded five times their pre-tax annual income – the level at which the Reserve Bank can start to feel uncomfortable. In.
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Loan Finance Definition loan: Written or oral agreement for a temporary transfer of a property (usually cash) from its owner (the lender) to a borrower who promises to return it according to the terms of the agreement, usually with interest for its use. If the loan is repayable on the demand of the lender, it is called a demand loan. If repayable in equal monthly.
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