Mortgage News

Westpac third to market with offset loan

Monday 29th of July 2013

The Choices Offset loan, was launched without much fanfare, but has attracted quite a bit of attention.

The product is priced at 5.69%, which is between Kiwibank's new rate of 5.25% and BNZ's Total Money rate of 5.74%.

Westpac's product is not too much different to the others in the market and it allows up to 10 accounts to be tied to one home loan, so the interest earned on the m...

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