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Shadow banks cut costs in bid for more share
Jan 13, 2018 - Australian Financial Review

The so-called shadow banks are slashing nearly $700 a month off a typical investment loan or more than $205,000 over a 30-year term, making the most of lighter regulation to build market share in the nation's $17 trillion property market.

The banks, which are non-authorised deposit institutions (ADI), are providing more competition to the major lenders, despite having to respond to Australian Securities and Investments Commission responsible lending criteria.

Analysis of lending acro

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