Your daily coffee could be one reason why you can’t get a loan

PHOTO: Your daily coffee fix could have unintended financial consequences. ABC Radio Brisbane: Jessica Hinchliffe

There may be a higher price to pay for all the coffees you’ve bought this week or the dinners you’ve had delivered.

Banks and credit unions are closely following the daily spending habits of potential loan customers— purchases using Afterpay, food deliveries, daily splurges and entertainment are all being put under the microscope.

This scrutiny on borrowing heightened especially amid the fallout of the banking royal commission, according to Brisbane mortgage broker Steve Moore.

“It’s the hardest it’s been in the past 15 years — even harder than when the global financial crisis was around,” he told ABC Radio Brisbane’s Rebecca Levingston.

READ MORE VIA ABC