Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 2GB account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 2GB content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 2GB online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

Bank changes tune after grilling from Alan Jones

Article image for Bank changes tune after grilling from Alan Jones

Mortgage holders who defer their loan repayments during the coronavirus crisis will no longer need to pay back the interest.

On Tuesday, Commonwealth Bank CEO Matt Comyn told Alan Jones for those borrowers who opt to defer repayments for the next six months, interest will continue to accrue, however they would be provided an extension on the loan.

After a further off-air discussion, the Commonwealth Bank has now agreed to make a one-time payment to all home loan customers, to offset the effect of interest-on-interest over the six month period.

The bank will also be automatically refunding late fees and interest for credit card customers who missed their March repayment.

“To Matt Comyn’s great credit, he listened,” Alan applauded the Commonwealth Bank CEO.

“Well done.”

Click PLAY below to hear Alan’s comments in full

Image: Robert Cianflone/Getty Images

 

Advertisement