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

 

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


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Skodafone Goneski: Sky TV, Vodafone Drop $3.44 Billion Merger Plan

Sky Network Television and Vodafone New Zealand have terminated their merger agreement which aimed to create the country's largest telecommunications and media group, and have withdrawn an appeal against the Commerce Commission's rejection of the plan. More>>

Quake Insurance: Reforms To EQC Act Announced

· Increasing the monetary cap from $100,000 (plus GST) to $150,000 (plus GST) for EQC building cover.
· Clarifying EQC land cover is for natural disaster damage that directly affects the insured residence or access to it... More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>

Kaikōura Earthquake: Private Insurers Receive $1.8b Claims

Insurance Council Chief Executive Tim Grafton said most is for commercial loss at $1.36 billion, with residential claims amounting to over $460 million. “...We have a high level of confidence that most people will have received settlement offers by the end of this year." More>>

ALSO:

Forms And Data: New Proposals To Simplify Personal Income Tax

The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any additional tax. More>>