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BNZ Announces Hot Rate of 5.10%
BNZ Announces Hot Rate of 5.10%
Bank of New Zealand has slashed its 18 month Classic Fixed home loan rate to 5.10% for a limited time.
BNZ Director – Retail, Andy Symons says the bank is giving New Zealanders one of the lowest rates for a longer term compared to what is currently on offer in the market.
While Mr Symons says it is still a great time to be floating on the bank’s low variable rate, observations show that some home buyers are interested in a short term fixed loan.
“BNZ continues to be one of the country's most competitive home loan banks with some of the best products and rates on offer. We’ve saved Kiwis more than $110m in interest over the past five years with our award winning TotalMoney product, which gives customers the ability to offset their home loan against savings.”
BNZ's Classic Fixed 18-month rate of 5.10% is available from tomorrow, Monday, 14 May.
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