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ASB reduces one-year fixed home loan rate

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Contributor:
Fuseworks Media
Fuseworks Media

ASB has lowered its one-year fixed home loan rate by 24bps.

ASB’s one-year fixed home loan rate (special) has reduced from 4.19% p.a. to 3.95% p.a., while the standard rate for the same term has reduced from 4.59% p.a. to 4.45% p.a.

The reduced rate is available for new and existing home lending from 9am Wednesday 14 November.

Updated home loan rates

Old rate

New rate

One year

Special- - 4.19%

Standard - 4.59%

Special- - 3.95%

Standard - 4.45%

-ASB’s special home loan rates are subject to customers having a minimum of 20% equity. Terms and lending criteria apply.

For more information go to asb.co.nz/homelending

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