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One year fixed home loan rate cut, two year special

Media alert
Friday 23 May 2014

ASB cuts one year fixed home loan interest rate and introduces new two year fixed rate special

ASB is cutting its one year fixed home loan interest rate to 5.85% p.a., and introducing a new two year fixed rate special of 5.89% p.a.

The special two year rate applies 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 two year special rate is in addition to our existing three year fixed special of 6.25% p.a.

“These new rates provide customers with a fantastic range of new options and provide greater rate certainty over the medium term as we approach the Reserve Bank’s review of the Official Cash Rate on 12 June,” says Shaun Drylie, ASB General Manager of Product and Strategy.

Rates are effective from 5pm Friday 23 May 2014.

For more information go to asb.co.nz/homelending

ENDS

ASB fixed rate home loan interest rate change, effective 5pm Friday 23 May. Lending criteria and conditions apply.

TermInterest rateChange
1 year fixed rate5.85%- 0.10%
2 year fixed rate special5.89%new


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