House Prices

Banks woo students in hope of big dividends later

A poor student might not appear to be the ideal candidate for a bank's largesse, especially considering the size of some student loans.

Monday, November 15th 2004

But the opposite is, in fact, true.

Banks are competing to attract young customers because the poor student of today generally evolves into a lucrative client of the future, who will seek a loan to buy a car, spend up large on credit, get a mortgage, invest and insure.

Banks are offering enticing incentives to students to get their custom and, hopefully, keep them on the books for the days ahead when their account has a money-spinning quality.

One way they do this is by offering attractive student packages with few strings and lots of bells and whistles, many of them free.

The main banks, ANZ, National, ASB, BNZ and Westpac, have similar student packages. That's not surprising in this competitive industry.

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Most Read

SBS FirstHome Combo 4.29
Unity First Home Buyer special 4.29
Co-operative Bank - First Home Special 4.85
China Construction Bank 4.85
ICBC 4.85
TSB Special 4.89
Kiwibank Special 4.89
ASB Bank 4.89
Westpac Special 4.89
BNZ - Std 4.89
AIA - Go Home Loans 4.89
Nelson Building Society 4.93
ICBC 4.95
SBS Bank Special 4.95
China Construction Bank 4.95
Wairarapa Building Society 4.95
TSB Special 4.95
ANZ Special 4.95
ASB Bank 4.95
Kainga Ora 4.95
Westpac Special 4.95
AIA - Go Home Loans 4.95
SBS Bank Special 5.39
Westpac Special 5.39
ICBC 5.39
Co-operative Bank - Owner Occ 5.59
BNZ - Std 5.59
BNZ - Classic 5.59
AIA - Go Home Loans 5.59
ASB Bank 5.59
Kainga Ora 5.69
Kiwibank Special 5.79
ANZ 5.79
SBS Construction lending for FHB 3.94
AIA - Back My Build 4.44
CFML 321 Loans 4.99
Co-operative Bank - Owner Occ 5.95
Co-operative Bank - Standard 5.95
Heartland Bank - Online 5.99
Pepper Money Prime 6.29
Kiwibank - Offset 6.35
Kiwibank 6.35
TSB Special 6.39
ASB Bank 6.44

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