Discover
4.49%: BNZ announces cut to 1-year fixed home loan rate
Bank of New Zealand (BNZ) has cut its standard advertised 1-year fixed home loan rate, ahead of OCR decision.
AI summary
BNZ has announced a significant cut to its standard 1-year fixed home loan rate, now at 4.49%. The bank aims to compete for new customers and meet demand for shorter terms that offer both a competitive rate and flexibility.
This reduction could save a customer with a $500,000 mortgage over $2400 in the first year. The new rate is available immediately for new home loans and for existing BNZ customers who are refixing or on a variable rate.
Author
Discover More
Townhouses deserve a better press. Here's the evidence.
Seven townhouses for sale on Trade Me Property show there's more to the category than you expect.
‘We wanted to show off’: He built his own Lockwood home to prove what it could do
Former Lockwood boss Joe La Grouw’s 648sqm Rotorua home, built to showcase the company’s designs, is now on the market.
Search
Other articles you might like
