BNZ has raised the interest rate penalty for residential investors who use either of their revolving credit products, but it makes no changes for owner occupiers

no deposit options trader
binary options

BNZ has moved to increase interest rates for investors in residential property.

It has raised revolving credit interest rates by +15 bps for the two products it offers these types of borrowers.

With this new change in place, it has pushed up the penalty for investors to +25 bps

The new rates apply from March 18, 2019 and change as follows:

 currentprevious new
Mortgage One6.506.60+0.156.75
Rapid Repay5.956.05+0.156.20

There is no change for residential owner occupiers who use either of these revolving credit products.

BNZ’s Mortgage One product is a true interest-only option where the line of credit limit stays unchanged over the term of the loan. They charge $25 per month as an account fee for this option.

BNZ’s Rapid Repay product is a traditional revolving credit option, where the available limit reduces each month in the same way a table mortgage reduces. They charge $3.50 per month for this option

You can see other bank’s fees and interest rates for revolving credit products here.

Buy Bitcoin with Credit Card

Profitable binary options trading

trading binary options

Binary options bonus no deposit

binary options bonus no deposit

CFD Trading Tips

CFD Trading Tips



Bitcoin Credit Card

buy bitcoin with credit cards