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ASB lowers fixed home loan interest rates

Monday, 17 November 2014, 11:50 am
Press Release: ASB Bank

17 November 2014

ASB lowers fixed home loan interest rates and introduces new special rate

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.

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

ASB fixed rate home loan interest rate change, effective 5pm Friday 14 November. Lending criteria and conditions apply.

Term	Interest rate p.a.	Change p.a.
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%

ENDS

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