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Heartland Bank Limited (Heartland) (NZX: HBL) drops floating home loan rate to 2.50% p.a.

Monday 9th November 2020

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Heartland Group Holdings Limited’s (Heartland Group) (NZX/ASX: HGH) subsidiary Heartland Bank Limited (Heartland) (NZX: HBL ) has lowered its already low floating home loan rate to 2.50% p.a. – the lowest floating rate offered by a bank in New Zealand.

“Customers shouldn’t have to pay so much for their floating home loan – nor should they have to take time from their busy day to go to the bank or meet with a mortgage manager to refinance their home,” explained Heartland Group CEO Jeff Greenslade. “By digitalising the application process, we can save our customers time and money.”

Heartland’s online Home Loans platform allows customers to apply and receive approval without needing to make an appointment, visit a broker, or arrange a house call.

The low floating rate isn’t the only feature that has changed.

“We’ve learnt a lot from our customers since re-entering the market in October and have made changes to expand our approval criteria. Customers refinancing at our floating rate are also eligible for a $750 credit.”

The New Zealand owned and managed bank has been helping New Zealanders with their finances since 1875, but it prides itself on being different from other banks.

Find out more and apply online at

See the links below for more details:

Heartland drops floating home loan rate to 2.50 p.a.

Source: Heartland Bank Limited

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