BNZ is the latest bank to lower some of its home loan interest rates.
It has cut its fixed six-month rate from 5.35% to 5.29%.
Its one-year fixed rate was also lowered from 4.95% to 4.89%.
A low equity interest rate premium will apply to those with less than 20% equity.
The bank said the changes will be effective for new and existing customers from today.
The morning’s headlines in 90 seconds, including Auckland’s supermarket fire, Trump’s threat to Iran, and how a smart watch could make you fitter. (Source: 1News)
Last week BNZ also lowered term deposit rates for terms from 7 days to 18 months.
Last week, Westpac NZ cut some of its home loan rates, which followed Kiwibank, ASB and ANZ.
The official cash rate was also cut to 3.25% last month, the lowest rate since October 2022.
The Reserve Bank’s Monetary Policy Committee will next meet on July 9.
