Heartland rates changes reflect major move
Tuesday, March 18th 2025, 2:46PM
Heartland Bank has made some changes to its Online Home Loans offering.
Its Online Home Loans product "no longer aligns with our product strategy to deliver value in areas where we believe we can have the greatest impact for New Zealanders. We have therefore made the decision to exit the home loan market and are no longer accepting Online Home Loan applications from new customers."
From today, it is no longer offering 18-month, two or three year fixed rates.
It has also increased its one year fixed rate to 5.89%. These will not be available after June 30. However, it still offers a floating rate product.
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