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

flag 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. flag The cuts aim to meet customer demand for shorter-term fixed rates amid falling interest rates. flag The new rates take effect November 21 and could offer cash flow relief, especially to those with shorter term loans. flag Other charges like establishment fees may still apply.

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