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quite a few will allow a capping of interest, CBA has always been that way............ although you can sorta get away with it for a while. ta rolf

Evergreen is a term more used for the IO portion of a loan, more commonly LOC Sounds nice............. but many of these no fixed term loans have potentially onerous clauses around "redraw" ( ie when your money becomes their money) and "repayable on demand" For many clients, an IO...