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

 

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Igniting The Spark: Bringing The Digital Enabler To Life

Changing a name is, relatively speaking, the easy part of a re-invention. Changing a culture, getting all the ducks in a row, turning yourself inside-out to become customer-inspired is a much bigger challenge. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news