Misc

Can't get no loyalty

Elders says it gets no loyalty from customers who take out three year rates so has dropped it althogether.

Friday, February 13th 2004

Elders Home Loans has withdrawn its three-year fixed rate home loan and now only offers fixed rate loans for one and two years.

General manager Robert Redford says the company’s experience was that clients taking out three-year loans found the market moved against them.

"We didn’t get any goodwill out of it. We found as soon as those loans expired at the end of the three years, they were all being refinanced with someone else. We were just losing all those loans," Redford says.

Read More - Opens in a new window

Changes at Tenancy Services for landlords

More Stories

Thursday, October 09th 2025

Unity First Home Buyer special	3.99
SBS FirstHome Combo	4.29
Co-operative Bank - First Home Special	4.39
ANZ Special	4.49
Kiwibank Special	4.49
ASB Bank	4.49
SBS Bank Special	4.49
TSB Special	4.49
Westpac Special	4.49
BNZ - Std	4.49
Co-operative Bank - Owner Occ	4.49

TSB Special	4.49
Wairarapa Building Society	4.59
ASB Bank	4.65
SBS Bank Special	4.65
ANZ Special	4.65
Westpac Special	4.65
AIA - Go Home Loans	4.65
BNZ - Std	4.65
Kiwibank Special	4.69
Kainga Ora	4.75
Nelson Building Society	4.87

SBS Bank Special	4.99
Westpac Special	4.99
TSB Special	5.39
ICBC	5.39
BNZ - Std	5.39
AIA - Go Home Loans	5.39
ASB Bank	5.39
ANZ	5.49
Co-operative Bank - Owner Occ	5.49
Kainga Ora	5.49
SBS Bank	5.59

SBS Construction lending for FHB	3.74
CFML 321 Loans	4.25
AIA - Back My Build	4.44
Heartland Bank - Online	5.45
Co-operative Bank - Owner Occ	5.70
Co-operative Bank - Standard	5.70
ANZ	5.89
TSB Special	5.94
ASB Bank	5.99
BNZ - Std	5.99
Westpac	6.09

Misc

Can't get no loyalty

Next Article

Most Read

Top Mortgage Rates

More Stories

New rules for meth contaminated houses

Spending confidence low and likely to fall further

Four decades of 6-7% yearly house price growth ending

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers