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BNZ takes axes to three-year rates

Friday, November 21st, 8:58AM  Add your comment

BNZ has made big cuts to its three-year rate taking it down to 5.85% on its Standard and Global Plus products. While it is not tagged as a Special low equity premium rates will apply to loans where the equity is less than 20%.

To see how it compares (and who has a sharper rate check out the table where it is sorted lowest to highest on three year rates here).

As reported yesterday Kiwibank has stopped lending in the low equity space. Here's the story and more to follow.

Kiwibank hits the brakes

Thursday, November 20th, 3:51PM

A major bank has hit the lending brakes, fearing it will breach its low-deposit lending limit.

Property investors maybe subject to new income rule

Friday, November 14th, 9:01AM

Property investors with five or more rentals can, temporarily, breath a sigh of relief that their interest rates aren’t about to rise soon.

Changes from last:

Lender type:

Term:

Property value:

Loan amount:

Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
AMP Home Loans 7.24 5.89 5.69 - 6.19 6.55 6.99 6.69 6.60
AMP Home Loans $200k+ 7.14 5.79 5.59 - 6.09 6.45 6.89 6.59 6.50
AMP Home Loans LVR <80% - - - - 5.75 6.09 - 5.99 -
ANZ 6.74 5.95 6.15 6.25 6.39 6.49 6.79 6.99 6.85
ANZ Special - - 5.69 - 5.75 6.09 - - -
ASB Bank 6.75 5.80 ▼5.99 ▼6.09 ▼6.19 ▼6.39 ▼6.39 ▼6.49 6.75
ASB Bank Special - - 5.70 - 5.75 ▼5.99 5.99 - -
BankDirect 6.75 5.80 ▼5.99 ▼6.09 ▼6.19 ▼6.39 6.39 ▼6.49 6.75
BankDirect Special - - 5.70 - 5.75 ▼5.99 5.99 - -
BNZ - Classic - - 5.69 - 5.75 - - - -
BNZ - GlobalPlus 6.74 5.89 5.89 6.09 6.19 ▼5.85 6.49 6.59 -
BNZ - Mortgage One 7.15 - - - - - - - 6.40
BNZ - Rapid Repay 6.74 - - - - - - - 5.99
BNZ - Std, FlyBuys 6.74 5.89 5.89 - 6.19 ▼5.85 6.49 6.59 -
BNZ - TotalMoney 6.74 - - - - - - - -
Credit Union Auckland 6.70 - - - - - - - -
Credit Union Baywide 6.45 6.10 6.05 6.15 6.20 - - - -
Credit Union North 6.45 - - - - - - - -
Credit Union South 5.75 - - - - - - - -
6.04 6.55 6.15 - 6.69 7.19 7.65 7.90 6.09
Finance Direct 6.10 6.25 6.45 6.60 6.69 7.10 7.45 7.70 -
First Credit Union 6.45 - - - - - - - -
General Finance 5.95 6.55 6.25 - 6.50 7.10 7.65 7.90 6.09
HBS Bank 6.65 5.80 5.69 5.74 5.74 5.99 - 6.49 5.90
HBS Special - - 5.59 5.64 5.49 5.69 - 6.19 -
Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
Heartland 6.70 6.90 7.00 - 7.25 7.85 - 8.55 6.70
Heretaunga Building Society 6.70 - 6.00 - 6.50 - - - -
Housing NZ Corp 6.74 - 5.99 - 6.39 6.59 - 6.99 -
HSBC Premier 6.84 5.85 5.69 - 5.75 5.99 6.79 6.99 6.99
HSBC Premier LVR > 80% - - - - - - - - -
HSBC Special - - 5.39 - - - - - -
ICBC 6.75 5.80 5.99 6.25 6.39 - - - -
6.65 5.89 ▼5.69 - 6.19 ▼6.55 ▼6.59 ▼6.69 6.65
Kiwibank - Capped 5.65 - 6.50 - - - - - -
Kiwibank - Offset 6.55 - - - - - - - -
Kiwibank LVR > 80% - - - - 5.75 ▼5.89 - - -
Liberty - - - - - - - - -
Napier Building Society 5.80 - 6.00 - 6.70 - - - 5.85
Nelson Building Society 6.95 - 6.15 - 6.60 - - - -
NZ Home Loans 6.85 5.89 6.09 - 6.40 6.65 6.80 6.99 -
Perpetual Trust 7.70 - - - - - - - 5.70
Resimac 6.59 - 6.10 - 6.28 6.43 6.75 6.99 -
SBS Bank 6.65 5.80 5.69 5.74 5.74 5.99 - 6.49 6.15
SBS Bank Special - - 5.59 5.64 5.49 5.69 - 6.19 -
Silver Fern 5.95 6.00 6.10 - 6.55 7.05 7.50 7.80 6.95
6.85 5.80 ▼5.99 ▼6.09 ▼6.19 ▼6.39 ▼6.39 ▼6.49 6.60
Sovereign Special - - 5.70 - 5.75 ▼5.99 5.99 - -
The Co-operative Bank 6.70 5.90 5.70 5.75 5.75 6.09 6.40 6.49 6.70
TSB Bank 6.74 5.85 5.95 6.05 6.19 6.30 6.80 7.00 6.74
TSB Special - - - - 5.79 - - - -
Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
Wairarapa Building Society 6.20 - 5.75 - 5.95 - - - -
Westpac 6.59 5.80 6.09 6.30 6.39 6.65 6.79 6.99 6.75
Westpac - Capped rates - - 6.74 - 6.99 - - - -
Westpac - Offset 6.59 - - - - - - - -
Westpac Special - - - 5.75 - ▼5.99 - 6.49 -
Median 6.70 5.89 5.99 6.09 6.19 6.34 6.77 6.69 6.60

Last updated: 21 November 2014 8:56am

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