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Example Interest Rates: Home Loan Variable: 2.87% (2.9%*) • Home Loan Fixed: 3.74% (3.48%*) • Fixed: 2.48% (2.94%*) • Variable: 2.84% (3.44%*) • Investment IO: 2.3% (3.76%*) • Investment PI: 2.04% (3.8%*)

1.16 – Westpac’s Head of Specialist Finance Testifies at the Banking Royal Commission

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Phillip Godkin, general manager of specialist finance at Westpac, is being questioned about flex commissions paid by lenders to car dealers, allowing a dealer to set the interest rate on a car loan: the higher the interest rate the larger the commission earnt by the dealer. Recorded on 21 March 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Belief has archived all data made available by the Banking Royal Commission with information available on our blog, in Yabber, or via the BRC API.

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