Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

ASB Bank Increases Variable Home Loan Rate

Media Release
4 May 2004

ASB Bank Increases Variable Home Loan Interest Rate

Statement made by Hugh Burrett, Managing Director, ASB Bank Limited


ASB Bank today announces an increase in its variable home lending interest rate, from 7.50% p.a. to 7.75% p.a.

This increase takes effect immediately for new home loans, and on or after 31 May 2004 for existing variable home loans.

On a table mortgage of $100,000 over a 20 year term, this equates to an increase of $15.36 per month.

Term investment rates are currently being reviewed, and ASB Bank also announces a term investment special of 5.70% for 6 months for amounts $5000 plus, effective Wednesday 5 May.


- ENDS –

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO: