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Borrowing

'You are going to see monetary policy working'

RBNZ Governor says the rising OCR will hit borrowers in their pockets given the short duration of NZ home loans; Says OCR still 100 basis points below a neutral level

RBNZ says no to debt-to-income limit

Lenders should ensure borrowers will be able to service mortgages if interest rates rise significantly, RBNZ says in Responsible Lending Code submission

4 funders stump up $100m for Harmoney

Peer-to-peer lender Harmoney launches, "officially," with $100 million to lend

SBS Bank reclaims market leading position

Two days out from the next RBNZ OCR review, SBS Bank cuts its three year mortgage rate to 5.89%, the lowest in more than a year

New low 4 and 5 year 'specials'

Kiwibank to offer market leading four and five year mortgage rates; all new lending above $100K qualifies for the $2,500 voucher incentive

Heartland buys into Harmoney

Updated
Heartland Bank to lend 'meaningful' sum through Harmoney; Likes P2P lender's technology & sees access to young customers

Mortgage rate drop

After withdrawing its cash incentive, ANZ launches a new one year 'special' home loan rate of 5.75%, a market low

'Going smoothly isn't about people not suffering loss'

FMA director of compliance Elaine Campbell says peer-to-peer lending is for investors with a good understanding of risk & an appetite to take that risk on

Who is better off ?

We compare home loan and term deposit interest rates on either side of the Tasman, seeking to find where the rate advantages for bank clients are

Harmoney goes live

Updated
NZ's first licenced online peer-to-peer lender now up and running