Commonwealth Bank standard variable home loan interest rates remain the lowest (1 Viewer)

[~::UAI::~]

Commonwealth Bank Group - Commonwealth Bank standard variable home loan interest rates remain the lowest

This is insane, Commonwealth bank is being moron.:burn:

Surely you have cost to bear, but come on, you don't say anything about your profit.

RBA cuted the interest rate, so your cost should have been reduced!

This just furthur proves how greedy bank are, This is what you get from a market economy!

What a bunch of greedy pig + liar!!!

 

[jb_nc]

Commonwealth Bank Group - Commonwealth Bank standard variable home loan interest rates remain the lowest

This is insane, Commonwealth bank is being moron.:burn:

Surely you have cost to bear, but come on, you don't say anything about your profit.

RBS cuted the interest rate, so your cost should have been reduced!

This just furthur proves how greedy bank are, This is what you get from a market economy!

What a bunch of greedy pig + liar!!!

the english as a second language course results are in

you failed

 

[~::UAI::~]

I did Advanced English, FYI.

Anyway, this is no way connect to my anger toward commonwealth bank

 

[jb_nc]

I did Advanced English, FYI.

Anyway, this is no way connect to my anger toward commonwealth bank

lol

 

[spence]

Commonwealth Bank Group - Commonwealth Bank standard variable home loan interest rates remain the lowest

This is insane, Commonwealth bank is being moron.:burn:

Surely you have cost to bear, but come on, you don't say anything about your profit.

RBS cuted the interest rate, so your cost should have been reduced!

This just furthur proves how greedy bank are, This is what you get from a market economy!

What a bunch of greedy pig + liar!!!

the Royal Bank of Scotland cut rates?

 

[~::UAI::~]

I hate greedy corporation, sucking money out of people, Yet, eventually, i have to work for one of them.

How sad...

 

[~::UAI::~]

Sorry, just realised, RBA, not RBS.

I was very angry when i posted this thread, and still are now

 

[blue_chameleon]

Hahahaha what an amazing thread.

 

[~::UAI::~]

I am not a agressive, and does not wish to argue with other people on minor issues.

I am merely expressing my view toward CBA increasing interest rate on home loan.

therefore, i never want to start a "trolls"

hope that this is clear

My anger were directed toward the bank, and at this particular time, not against anybody else.

>_<

 

[Graney]

Why is it wrong for the bank to increase rates?

 

[~::UAI::~]

1)They already making a lots of money off mortage loan + interest rate
2)They increase interest rate to increase their profit, But since the Cash Rate from RBA has decrease so much, their funding cost should actually be lower, But instead of passing that to customers of that decrease of funding cost, They increase interest rate.

This is just not moral, not good enough from the Bank

 

[blue_chameleon]

1)They already making a lots of money off mortage loan + interest rate
2)They increase interest rate to increase their profit, But since the Cash Rate from RBA has decrease so much, their funding cost should actually be lower, But instead of passing that to customers of that decrease of funding cost, They increase interest rate.

This is just not moral, not good enough from the Bank

1) Banks have a responsibility to maintain certain ROE/ROI levels, so to attack banks profitability based on the hollow "they made $2 billion profit" is ignorant of how company's operate. They need to increase their profits consistently in order to attract/retain investors.

2) They aren't increasing rates to increase profitability, they are doing so in order to avoid making losses in funding. Just because the cash rates fall, doesn't mean that the cost of funding will follow suit.

I don't see any problems with the CBA increasing rates by 0.1%, considering their rates are within the range of the other banks. You're doing Commerce with a majors in Accounting and Finance, you should be able to see the rationale behind their decision clearer than a lot of other people.

 

[Graney]

If you think the interest rates offered by this bank are too high, just don't take out a loan with them. There are plenty of other lenders in the market and competition is fierce.

 

[blue_chameleon]

If you think the interest rates offered by this bank are too high, just don't take out a loan with them. There are plenty of other lenders in the market and competition is fierce.

If there is any argument, it's that borrowers with existing loans face prohibitive fee charges on refinancing.

Not that it's valid though really, if you can't factor in a 1-1.5% increase in interest rates to your repayments on what is for a lot of people the largest amount of debt they will carry, then you deserve what's coming to you. Also, I can't see how people can stretch themselves so tight that an increase of $40/month in repayments tips them into defaulting on their repayments.

 

[blue_chameleon]

They need to do way instain mother> who kill thier babbys. becuse these babby cant frigth back it was on the news this mroing a mother in ar who had kill her three kids . they are taking the three babby back to new york too lady to rest my pary are with the father who lost his chrilden ; i am truley sorry for your lots

Bahaha.

Actually, tbh that made more sense.

 

[Uncle]

CBA is run by jews

I did Advanced English, FYI.

Anyway, this is no way connect to my anger toward commonwealth bank

lol

 

[Riet]

In reality interest rates should reflect the risk of the loan, what the cash rate is shouldn't factor into it that much.

 

[CIV1501]

I am not a agressive, and does not wish to argue with other people on minor issues.

I am merely expressing my view toward CBA increasing interest rate on home loan.

therefore, i never want to start a "trolls"

hope that this is clear

My anger were directed toward the bank, and at this particular time, not against anybody else.

>_<

hhahah this is an excellent troll