MoneyPlace charts over 500% growth year on year – Australian Broker

The COVID-19 pandemic and ensuing surge in demand forfinancial aid has helped highlight the true value of one specialist lenders flexible offering, according to the non-banks head of broker. MoneyPlaces unique business model allows us to personalise each individual loan to fit the customers profile, explained Moneyplace’s Alf Vasta. This can be incredibly helpful in…

Deferred loans may push Australian bad debt pile higher after virus relief ends – S&P Global

Australian banks, already facing a drag from the coronavirus pandemic, may see renewed pressure on their earnings after the reemergence of the disease led to fresh lockdowns in parts of the nation in August. At the heart of the uncertainty facing Australia’s banking sector is the loan deferrals extended to customers during the pandemic lockdown.…