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Bank Refunds $4.9M After Overcharging Interest On Home Loans

Overcharging Low Income Customers

ANZ To Refund $5 Million After

WARNING: Over 50% Off Mortgage Statements Have Hidden Fees

The Facts You Need To Know

# Fact 1 – Banks Are Driven By Profits

  • You will repay 2 to 3 times the amount you borrow unless you make extra payments
  • After 22 years of paying your mortgage you will still have half the original amount you borrowed to pay off still

# Fact 2 – Banks Make Mistakes

  • All Australian lenders have been caught overcharging clients millions of dollars
  • A simple typing mistake or computer glitch is all it takes

HOW MUCH ARE YOU BEING OVERCHARGED?

  • Check your loans for hidden bank errors
  • Pay your home loan off sooner
  • Own your home sooner

“it could have ended up costing me $20,000” – Lyndsey (interviewed on today tonight)