Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Bid Online For Home Loan Interest Rate From 5.95%

Bid Online For Home Loan Interest Rate From 5.95% P.A.

New Zealanders have another reason to look at refinancing to BankDirect – from this Saturday they will be able to bid for a one year interest rate with bids starting from 5.95% per annum (fixed for one year), an extremely low rate.

“For anyone looking for a better deal on their home loan interest rates there’s every reason to have a go,” says Head of BankDirect, Kevin Leith.

BankDirect is the only New Zealand bank to offer the opportunity to bid for a home loan interest rate and have done so in the past with high success.

“Our customers prefer convenience. They are sophisticated and technology savvy and know a good deal when they see one, which is why BankDirect strives to continually offer new innovations such as this one.”

Once the tender period is over, successful bidders will be contacted to congratulate them on their successful bid. Those bidders who aren't successful may still consider switching to BankDirect with their consistently low interest rates.

“We are committed to passing on interest savings to our customers whenever possible and this tender programme is one way we can do that.”

The online tender period opens Saturday 1 March and closes 4pm Monday 10 March 2003. BankDirect has put $3 million up for tender.

Customers can find out more online at or may contact a BankDirect home loan specialist by phoning 0800 500 400.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news