The interest rate for housing loans is determined by the very lowest fixed rate available for housing in New Zealand at the time. Our rate is normally up to 2% below that rate.
At the present time, Paraloan is offering 3.20% as its base lending rate.
The interest rate may be higher depending on the purpose of a loan, the circumstances of an applicant, security on a loan and any risk factors.
Paraloan's Trustees determine which interest rate is appropriate when reviewing and approving a loan.
To see how our interest rate compares to other lending institutions, visit www.interest.co.nz. Our rate is listed along with all other major lenders in the Borrowing section.
- 3.20% is our lowest rate for housing loans.
- Rate can be 2% below the lowest fixed rate in NZ.
- The actual rate may be higher depending on your circumstances, loan security and the purpose of the loan.