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ASB lowers fixed home loan interest rates

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Contributor:
Fuseworks Media
Fuseworks Media

ASB has lowered a range of fixed interest rates for terms longer than 6 months and introduced a new four year fixed interest rate special.

6 months fixed rate, 5.80%, No change

1 year fixed rate, 5.99%, -0.10%

1 year fixed rate special, 5.70%, No change

18 months fixed rate, 6.09%, -0.21%

2 year fixed rate, 6.19%, -0.21%

2 year fixed rate special, 5.75%, No change

3 year fixed rate, 6.39%, -0.26%

3 year fixed rate special, 5.99%, -0.20%

4 year fixed rate, 6.39%, -0.41%

4 year fixed rate special, 5.99%, New

5 year fixed rate, 6.49%, -0.50%

Fixed interest rate specials apply to new and existing lending for customers who have at least 20% equity (i.e. a Loan to Valuation Ratio of less than or equal to 80%), an ASB credit card and have salary or wages credited to their main transaction account with ASB. The new four year fixed interest rate special is in addition to ASB’s existing one, two and three year specials.

"We’re pleased to offer our customers reductions in our fixed home loan interest rates across a number of terms. These changes represent value for those customers wanting the flexibility of a short term rate, or those wanting the certainty that a longer term rate provides," says Vince Clark, ASB’s Head of Home Lending.

Rates were effective from 5pm Friday 14 November 2014.

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

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