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ASB lowers variable home loan rate
Thursday 9 May 2019
Following the RBNZ’s decision to
reduce the Official Cash Rate, ASB is taking the opportunity
to lower its variable home loan and Orbit home loan
rates.
ASB’s variable home loan rate is reduced by 0.10% from 5.80% p.a. to 5.70% p.a.
ASB’s Orbit home loan rate is reduced by 0.05% from 5.80% p.a. to 5.75% p.a.
These changes are effective Wednesday 15 May for new customers and Wednesday 22 May for existing customers.
“We have carefully considered the RBNZ’s decision to lower the OCR along with balancing the needs and expectations of all our customers. Our new lower rates provide a competitive option for borrowers while also balancing the needs of our savings customers,” says Craig Sims, ASB executive general manager retail.
For more information go to asb.co.nz/homelending
ASB variable home loan interest rate changes, effective Wednesday 15 May 2019 for new customers and Wednesday 22 May 2019 for existing customers. Lending criteria and conditions apply.
| Term | Interest rate p.a. | Change p.a. |
| Variable home loan rate | 5.70% | -0.10% |
| Orbit home loan rate | 5.75% | -0.05% |
ENDS
ASB Bank
Helping you get one step ahead.
In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
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