Borrowers
Fincap wants brakes on payday lenders during Covid-19 lockdown
A nationwide budgeting service wants online payday lenders shuttered during the country's lockdown period amid concern people desperate for money will turn to loan sharks. An interest rate cap on… Audio
Overseas borrowers owe Government more than $3.4 Billion
Data released by Inland Revenue has revealed overseas-based student loan borrowers owe the Government more than $3.4 billion.
There are more than 100,000 people with student loans living overseas and… Audio
Mortgage rates fall as OCR is slashed
Banks have begun cutting mortgage rates after the Reserve Bank reduced its key interest rate today for the first time in more than two years. It's good news for borrowers but those with savings in the… Video, Audio
Complaints against finance companies surge
Complaints against finance lenders have risen more than a third since a new legislative crackdown was introduced in 2015. Audio
Cost of borrowing rises for banks
The Reserve Bank is widely expected to cut the official cash rate to a record low 1.75 percent - from the current two percent. But the banks may actually raise interest rates for borrowers thanks in… Audio
Bankers Association predicts LVRs will ease further
Meanwhile, borrowers outside of Auckland do get a reprieve, with the existing 10 percent limit on new mortgage lending to potential borrowers with deposits of less than 20 percent rising to 15… Audio