Tag: Fixed rate
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Couple loses home loan complaint over $50,000 break fee after fixed-rate decision
Summary of the case A couple who opted for a five-year fixed home loan in 2023 have had their complaint against their bank dismissed by the Banking Ombudsman. The decision, released as a case note this month, centers on the couple’s regret over fixing their rate and the substantial break fee they incurred when they…
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ASB and BNZ Lift Some Fixed Home Loan Rates in NZ Market
NZ Banks Move to Increase Fixed Home Loan Rates New Zealand home loan borrowers faced a fresh shift in the cost of financing as ASB and BNZ joined Westpac and ANZ in lifting certain fixed-term mortgage rates. The moves, which affect several fixed-term options, come amid ongoing fluctuations in the official cash rate and shifting…
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ASB and BNZ Raise Fixed-Rate Home Loans: What It Means for Borrowers
Overview: Fixed-rate hikes from ASB and BNZ New Zealand’s home loan market has seen another wave of rate adjustments as ASB and BNZ join Westpac and ANZ in lifting some fixed-rate terms. The moves come amid broader shifts in the interest-rate landscape, affecting borrowers who prefer the predictability of fixed-rate mortgages. What exactly is changing?…
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What’s Changing on Oct 1, 2025: Banks, UPI, Rail Tickets, Gas Rates & Gaming Rules
Overview: Why Oct 1, 2025 matters for everyday transactions Starting October 1, 2025, India will see a wave of regulatory changes that touch everyday financial activities—from taking a loan and paying with UPI to booking rail tickets and playing online games. This guide breaks down the key shifts, what they mean for you, and practical…