Fees vary for one-hour deliveries, club store deliveries, and deliveries under $35.

RateCity's research director Sally Tindall said that change, combined with rising interest rates, will have a much bigger effect on how much people can borrow.Here's a breakdown of Instacart delivery cost: - Delivery fees start at $3.99 for same-day orders over $35. That meant that, from November, new borrowers had to be tested to see if they could cope with interest rates at least 3 per cent above their current rate, up from 2.5 per cent previously.

'Pockets of stress likely'ĪPRA started increasing its vigilance around home lending in October last year, when it announced an increase in the minimum mortgage serviceability buffer. The ABC understands this process involves more experienced bankers looking at the applicant's employment history, income and the quality of their security (that is, the valuation on their assets, especially the mortgaged property) before either approving or declining the loan.ĬBA said loans with a DTI or six or greater and a high loan to value ratio are subject to 'tighter lending parameters'. Westpac said all loans with a DTI of seven or more are sent for 'manual assessment' by its credit team. Westpac and CBA both told ABC News they had not made recent changes to their policies around high debt-to-income ratio loans. 'NAB will continue to put responsible lending first in its approach to credit and we welcome ongoing consultation with regulators.' 'We will also be watching closely the experience of borrowers who have borrowed at high multiples of their income – a cohort that has grown notably over the past year,' he told the AFR summit. Speaking at the same banking conference just hours later, APRA chairman Wayne Byres confirmed the regulator had contacted some banks with concerns about the level of high DTI loans they were issuing. Speaking at the AFR's Banking Summit, ANZ's head of retail banking, Maile Carnegie, this morning said the change had in part been in response to concerns from the banking regulator APRA about the rising level of loans with a DTI ratio of more than six, which it considers risky.Īlmost a quarter of new loans had a DTI of six or above in the second half of last year, although Ms Carnegie said very few loans came close to ANZ's previous cap of nine times income.

'ANZ regularly reviews lending appetite and policies as the economic environment changes to ensure we are continuing to lend prudently to our customers,' a spokesperson for the bank told ABC News.

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