A small player in the home-lending business has launched a mortgage rate undercutting the major banks
A small player in the home-lending business has launched a mortgage rate undercutting the major banks
21 October 2019
From today, SBS, is offering 3.39 per cent fixed for two years as well as a cash back offer.
The four major Australian owned banks, ANZ, ASB, BNZ and Westpac, are offering 3.45 per cent.
Formerly Southland Building Society, SBS is owned by its customers - but also has a banking licence.
Chief Executive Shaun Drylie says the new, low rate shows it's serious in its aspirations to "shake up New Zealand banking".
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