BNZ cuts home loan rates to 5.99% for 6 months and 5.95% for 1 year, lowest among major NZ banks.

BNZ, a major New Zealand bank, has lowered its 6-month fixed home loan rate to 5.99% and its 1-year rate to 5.95%, the lowest among major banks. The cuts aim to meet customer demand for shorter-term fixed rates amid falling interest rates. The new rates take effect November 21 and could offer cash flow relief, especially to those with shorter term loans. Other charges like establishment fees may still apply.

November 20, 2024
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