We don’t add low equity premiums or low equity fees in addition to the ‘standard’ rate card. There are two common ways for a low equity customer to increase their equity. We will periodically review your low equity margin against your LVR to ensure it is still applicable to your facility. We may change your low equity margin to a lower margin in accordance with our low equity margin bands or remove the low equity margin entirely if it no longer applies based on your LVR. BNZA low equity interest rate premium will apply to all loans with less than 20% equity (more than 80% loan-to-value ratio).

Source: Stuff July 23, 2024 23:46 UTC