Geneva to launch home loans

Geneva Finance says that is close to launching its own set of home loan products into the market place.

Wednesday, November 29th 2006, 8:27AM

The company, which is best known for its deposit taking activities and the promotion of its Standard and Poor’s credit rating, is keen to keep expanding its range of services. Besides home loans and debentures its offers commercial asset finance, a full range of insurances, and its Galaxy on-call and savings accounts. Managing director Glenn Walker says its home loans will be distributed via its branch network rather than through brokers.

The move into home loans is part of the group’s plans to become a diversified financial services company in New Zealand.

Geneva Finance recently reported an increase in net profit after tax from $2.2 million to $3.8 million for the year ending March 31.

Revenue increased from $21 million to $39 million, and its operating profit before tax from $1.6 million to $5.7 million.

Geneva hasn’t disclosed who is funding its home loan products.

« Balanced approach to borrowing recommended

Expection OCR will be left unchanged »

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Lender

Flt

1yr

2yr

3yr

AIA - Back My Build

3.34

AIA - Go Home Loans

6.39

4.75

5.45

ANZ

6.29

5.59

6.09

6.19

ANZ Blueprint to Build

7.39

ANZ Good Energy

1.00

ANZ Special

4.99

5.49

5.59

ASB Bank

6.29

4.99

5.45

ASB Better Homes Top Up

1.00

Avanti Finance - Near Prime

6.85

Avanti Finance - Specialised

8.00

Basecorp Finance

6.35

Lender

Flt

1yr

2yr

3yr

BNZ - Mortgage One

6.44

BNZ - Rapid Repay

6.44

BNZ - Std

6.34

▲5.19

▼5.35

▲5.59

BNZ - TotalMoney

6.44

CFML 321 Loans

4.20

CFML Home Loans

6.55

CFML Prime Loans

6.70

CFML Standard Loans

7.20

China Construction Bank

6.44

4.85

4.95

China Construction Bank Special

6.44

5.85

5.95

Co-operative Bank - First Home Special

4.89

5.29

5.59

Lender

Flt

1yr

2yr

3yr

Co-operative Bank - Owner Occ

5.69

4.99

5.45

5.69

Co-operative Bank - Standard

5.69

5.49

5.95

6.19

Credit Union Auckland

7.70

First Credit Union Special

5.09

5.49

First Credit Union Standard

6.49

5.69

6.09

FMT

7.15

FMT Development

7.90

Heartland Bank - Online

6.35

5.89

Heartland Bank - Reverse Mortgage

7.99

Heretaunga Building Society

6.50

5.50

5.65

ICBC

5.39

4.49

4.99

5.25

Lender

Flt

1yr

2yr

3yr

Kainga Ora

5.79

4.59

4.95

5.19

Kainga Ora - First Home Buyer Special

Kiwibank

6.25

▲6.05

6.29

▲6.39

Kiwibank - Offset

6.25

Kiwibank Special

▲6.25

▲5.15

5.39

▲5.59

Liberty

6.65

6.55

6.22

6.20

Nelson Building Society

6.99

5.19

5.49

Pepper Money Near Prime

6.55

Pepper Money Prime

5.99

Pepper Money Specialist

8.00

SBS Bank

6.34

5.39

5.89

Lender

Flt

1yr

2yr

3yr

SBS Bank Special

4.69

5.29

SBS Construction lending for FHB

3.79

SBS FirstHome Combo

3.29

4.29

SBS FirstHome Combo

SBS Unwind reverse equity

7.99

TSB Bank

7.09

5.65

6.29

6.49

TSB Special

6.29

4.85

5.49

5.69

Unity First Home Buyer special

4.15

Unity Special

6.04

4.80

5.29

Unity Standard

6.04

5.60

6.29

Wairarapa Building Society

6.25

5.15

5.65

Lender

Flt

1yr

2yr

3yr

Westpac

6.39

5.79

5.89

6.19

Westpac Choices Everyday

6.49

Westpac Offset

6.39

Westpac Special

5.19

5.29

5.59

Median

6.39

5.15

5.49

5.59

NZ's Financial Adviser News Centre

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Mortgage Rates Daily Commentary

New non-bank lender officially launches; And a bank cuts a rate

Geneva to launch home loans

Geneva Finance says that is close to launching its own set of home loan products into the market place.

Wednesday, November 29th 2006, 8:27AM

Commenting is closed

AIA - Back My Build
AIA - Go Home Loans
ANZ
ANZ Blueprint to Build
ANZ Good Energy
ANZ Special
ASB Bank
ASB Better Homes Top Up
Avanti Finance - Near Prime
Avanti Finance - Specialised
Basecorp Finance
BNZ - Mortgage One
BNZ - Rapid Repay
BNZ - Std
BNZ - TotalMoney
CFML 321 Loans
CFML Home Loans
CFML Prime Loans
CFML Standard Loans
China Construction Bank
China Construction Bank Special
Co-operative Bank - First Home Special
Co-operative Bank - Owner Occ
Co-operative Bank - Standard
Credit Union Auckland
First Credit Union Special
First Credit Union Standard
FMT
FMT Development
HBS
Heartland Bank - Online
Heartland Bank - Reverse Mortgage
Heretaunga Building Society
ICBC
Kainga Ora
Kainga Ora - First Home Buyer Special
Kiwibank
Kiwibank - Capped Variable
Kiwibank - LVR >80%
Kiwibank - Offset
Kiwibank - Special
Kiwibank Special
Kiwibank Special
Liberty
Nelson Building Society
Pepper Money Near Prime
Pepper Money Prime
Pepper Money Specialist
SBS
SBS Bank
SBS Bank Special
SBS Construction lending for FHB
SBS FirstHome Combo
SBS FirstHome Combo
SBS Unwind reverse equity
TSB Bank
TSB Special
Unity First Home Buyer special
Unity Special
Unity Standard
Waiarapa Building Society
Wairarapa Building Society
Westpac
Westpac - Choices Everyday
Westpac Choices Everyday
Westpac Offset
Westpac Special