Kiwibank says no home loan for low earners
Low-income families dependent on welfare top-ups are being turned down for home loans by the Government-owned Kiwibank, but welcomed at mainstream banks.
Monday, February 23rd 2004, 7:58AM
by The Landlord
A Kiwibank spokesman said such payments were not considered "stable income".
Yet National, Westpac, ANZ, BNZ, ASB and TSB banks all confirmed they lent money to poorer families on the basis of how much state support they received.
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