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Kiwibank increases home loan interest rates

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Fuseworks Media
Fuseworks Media

Kiwibank has announced a number of changes to home loan and Term Deposit rates in response to higher costs of funding and the increase in the Official Cash Rate.

Variable and revolving credit home loan rates will increase from 5.65% p.a. to 5.90% p.a.. The Offset Mortgage rate will increase from 5.25% to 5.60%.

All Term Deposit rates from 30 days though to 150 days will increase by 0.25%.

These increases are effective on Monday 17 March for new customers and the home loan increases will be effective from 31 March for existing customers.

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