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Floating And Short-Term Mortgage Rates Increased
Kiwibank Increases Floating And Short-Term Mortgage Rates
Kiwibank has today announced an increase to its floating mortgage rates (variable and revolving) by 0.25% p.a. to 5.90% p.a. The change will be effective from tomorrow for new customers and from 6 July for existing customers.
The bank has also increased its six-month fixed rate from 5.99% p.a. to 6.10% p.a. and the one-year rate from 6.35% p.a. to 6.45%.p.a., effective tomorrow
Kiwibank has also introduced a new home loan offer that caps the standard floating rate to no more than 6.50%p.a. for 12 months. The capped variable rate option is available for a fee of $250.
ENDS
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